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Aeroplan: What to Book Before Price Changes

Aeroplan: What to Book Before Price Changes
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Last month, Air Canada announced changes to its frequent flyer program concerning pricing for certain partners. These changes will take effect next week, on Tuesday, March 25, 2025, so it’s a good idea to make some reservations now if you want to enjoy greater predictability.

Until now, Emirates and Flydubai were the only partners to adopt dynamic pricing, similar to that used by Air Canada for its own flights. All other partners had a fixed fare structure, allowing users to better plan their points accumulation strategy. The only challenge was seat availability, but with the right tools and advance planning, it was always possible to find interesting options.

Therefore, if you are considering booking flights with the partners concerned, I recommend that you act now if flights are available, before March 25.

Which Partners Are Affected by Dynamic Pricing with Aeroplan?

Calm Air, Canadian North, Flydubai, Emirates, Etihad Airways, Pal Airlines and United Airlines will have the same dynamic pricing model as Air Canada starting March 25, 2025. This means that prices will vary according to supply and demand, and could be much higher than at present. However, this change will improve seat availability.

Calm Air, Canadian North and PAL Airlines

Canada is an impressively vast country, and every one of its magnificent regions deserves to be explored, even the most remote. Fortunately, four airlines serve the vast expanses of Canada’s Far North and its most isolated communities: Air Creebec, Calm Air, Canadian North and PAL Airlines.

These carriers fill the gaps in Air Canada’s domestic network and are partners in the Aeroplan program, great news for travellers. For example, if you live in Wabush and want to fly to Japan with points, you can use your Aeroplan points on a PAL Airlines flight to reach a major hub like Montreal, before continuing your trip with another carrier, all on the same ticket.

Here is an overview of the destinations accessible with Calm Air and Canadian North:

Aeroplan: What to Book Before Price Changes - Calm air route map
Aeroplan: What to Book Before Price Changes - RouteMap-Codeshare-Sept2023-1024x784-1

Before March 25, if you’re planning to visit Canada’s Far North in the coming year, I advise you to make your reservations as soon as possible, especially if you’re planning to travel with Calm Air or Canadian North.

These flights were a real « sweet spot » in the Aeroplan program, as their cash fares are particularly high compared with the partners’ fixed fares. By using your points, you can get exceptional value for money on these routes.

For example, a flight from Winnipeg to Churchill to see polar bears or the northern lights is currently available for 10,000 points Aeroplan one-way, and 20,000 points round-trip. In comparison, this same flight often costs over $2,000 in cash.

Churchill is undoubtedly one of Calm Air’s best « sweet spots » to grab before pricing changes. Prices rise quickly on these flights, as they are operated by small aircraft with a limited number of seats for sale. This means that the cheapest seats go very quickly, especially at peak times. Here’s an example of how fares have risen to almost $3,000.

Aeroplan: What to Book Before Price Changes - Calm Air Churchill

Please note, however, that Calm Air flights cannot be combined with Air Canada flights on the same ticket. So if you want to fly Montreal-Winnipeg-Churchill, you’ll need to make two separate bookings.

In addition, to use your Aeroplan points on Calm Air, reservations must be made directly with the company, by calling 1-800-839-2256. Before calling, you can use ExpertFlyer to check flight availability.

Similarly, if you’re planning a getaway to Kuujjuaq to discover the magnificent Ungava Bay region, or if you live there for work and want to plan your travel to the south of Quebec, it’s best to book your flights right away. Having worked for a long time in Quebec’s Far North, I know that paid outings are limited. For workers in the region, Aeroplan points can be a great way to organize a few extra getaways « down south » without breaking the bank.

Between you and me, I’d much rather pay 20,000 Aeroplan points for a round trip than $1,400 for a flight, which represents an impressive 7 cents per point in economy class.

Aeroplan: What to Book Before Price Changes - Aeroplan Kuujjuaq
Aeroplan: What to Book Before Price Changes - Canadian North Kuujuaq

For PAL Airlines, the main interest lies in exploring the Maritimes and Eastern Canada at a good price. This company is particularly valuable for those wishing to reach the Côte-Nord, Gaspésie, Îles-de-la-Madeleine, Newfoundland and Labrador at a fixed fare.

Here are the PAL Airlines routes:

Aeroplan: What to Book Before Price Changes - 2024-PAL-Airlines-Route-Map-NOAC-VALDOR-1-2

Indeed, from Quebec, you can reach the Magdalen Islands for as little as 6,000 Aeroplan points one-way. By comparison, with Air Canada’s dynamic fare, not only will you have to detour through Montreal like a ping-pong ball before reaching the Islands, but you’ll also have to pay up to four times as many points at the time of writing, and possibly even more, since dynamic pricing has no ceiling.

Aeroplan: What to Book Before Price Changes - PAL iles de la madeleine
Aeroplan: What to Book Before Price Changes - Aeroplan iles

In general, PAL Airlines was an excellent alternative for avoiding Air Canada’s fluctuating pricing. For a round trip, this route will cost you 12,000 Aeroplan points, against $1,187 in cash, which equates to an impressive valuation of 9 cents per point. After the coming changes, I’d be surprised if such valuations are still achievable on these routes.

Aeroplan: What to Book Before Price Changes - PAL iles

Emirates, Etihad Airways and Flydubai

The network of these three partners is particularly extensive. Thanks to their strategic location in the United Arab Emirates, you can easily reach almost any destination in the world from their hubs.

However, the move by these airlines to fully dynamic pricing will complicate planning for Aeroplan users. This trend can already be seen with Emirates and Flydubai, which apply a different fare structure to other carriers, with partially dynamic pricing.

For example, if you want to fly to Abu Dhabi from Toronto right now, you can book a flight with Etihad Airways for a flat rate of 55,000 Aeroplan points, any time, as long as you find availability, of course.

Aeroplan: What to Book Before Price Changes - Aeroplan AUH

It’s possible to find Air Canada flights to the region for less than 55,000 points, as prices vary according to supply and demand. However, this is never guaranteed and difficult to predict.

For example, for the same date, we found a direct flight from Toronto to Dubai for just 46,000 points; Dubai is around 1 hr 20 min drive from Abu Dhabi.

By comparison, with Emirates, which already applies dynamic pricing, the same trip on the same date is priced at 65,000 points.

Aeroplan: What to Book Before Price Changes - Aeroplan Dubai 1

Therefore, if you want more predictability in your accumulation planning for flights via Abu Dhabi, I recommend that you book your tickets on Etihad Airways before March 25, 2025. After this date, prices will be entirely subject to supply and demand, which means you can either get a good deal or pay a lot more.

The good news is that these changes should lead to greater availability of flights, particularly in premium class on Etihad. With the announcement of the new Toronto-Abu Dhabi route operated on the legendary A380, it’s great news to see these seats becoming more readily available… even if point fares are likely to rise considerably.

To inspire you, here are a few flights we took on Etihad Airways thanks to Aeroplan points:

United Airlines

As a major player in the North American market, the fact that United Airlines is also adopting dynamic pricing is a particularly hard blow to take. Indeed, it was almost always possible to find fixed-cost flights with United to anywhere via a stopover in the United States. This approach was a simple and effective way of countering Air Canada’s dynamic pricing.

United Airlines also had a reputation for releasing tickets at the last minute. I remember frequently finding magnificent premium flights between Montreal and Japan, at the fixed fare of 75,000 Aeroplan points, whereas these same flights exceeded 200,000 points with Air Canada. Admittedly, these flights involved a stopover in New York or Chicago, but for such a price difference, I can say that this was not a major problem for anyone looking to reach their destination at a reasonable (or low) price.

So, what to book with United before the fare changes? Their network is extremely vast, so book any flight that interests you for the next year and that you can find at a fixed price according to the following chart:

Aeroplan: What to Book Before Price Changes - reseau united

However, I would pay particular attention to flights to Tahiti in French Polynesia and to major Australian cities. These destinations are not really served by other Aeroplan partners (unless you do something like travel to Southeast Asia to take Singapore Airlines to Australia, for example), so you may encounter dynamic pricing from Air Canada and United Airlines after the changes, especially if you want to travel in business class. Indeed, it’s not difficult to find fares around the floor price with Air Canada in economy class, but the situation is quite different in business class.

Let’s take the example of the flight between Vancouver and Brisbane: I think you’ll agree that it’s worth adding a short stopover in San Francisco to pay only 87,500 points, instead of 392,000 points for the direct flight.

Aeroplan: What to Book Before Price Changes - Aeroplan AUS

Then there’s Auckland in New Zealand. Although this destination is served by Air New Zealand, an Air Canada partner that remains under fixed fares for the time being, premium cabin availability is less easy to find there than with United.

Aeroplan: What to Book Before Price Changes - Aeroplan NZ

Indeed, as seen in the previous screenshot, there are advantages to dynamic pricing. The direct Air Canada flight between Vancouver and Auckland in economy class is significantly cheaper than the fixed rate offered by Air New Zealand and United Airlines.

However, this is by no means a guarantee, but rather a matter of luck depending on supply and demand (for example, if you’re aiming for the holiday season, forget the lower dynamic prices). And, as mentioned above regarding business class, if I want to fly to New Zealand in business class, I’d rather make a stopover in San Francisco and save 225,000 points.

It is worth noting that if you are based in Quebec City and want to travel to major cities like New York or Chicago, you might have the opportunity to book a direct flight at a fixed rate with United. This can be particularly advantageous if you want to avoid stopovers via Montreal or Toronto with Air Canada.

Aeroplan: What to Book Before Price Changes - Aeroplan United NYC

If these direct destinations from Quebec City interest you, it is recommended to book quickly to secure a fixed rate before the price increase associated with dynamic pricing, which will bring uncertainty regarding price volatility.

As far as Tahiti is concerned, Roame enabled me to quickly find good prices for both economy and business class.

Aeroplan: What to Book Before Price Changes - Roame Tahiti
Aeroplan: What to Book Before Price Changes - Aeroplan Tahiti

Finally, another extraordinary trip that I’ll be rushing to book before the March 25, 2025 changes is the famous United Airlines Island Hopper, if you’ve always wanted to discover the Pacific islands. United Airlines offers a particularly interesting route:

Aeroplan: What to Book Before Price Changes - IslandHopper

Finding availability on this line with Aeroplan can be very difficult, but with tools like Roame, it can become simpler. After the changes, on the other hand, I expect it to be much easier to find. Similarly, United is the only Star Alliance partner to fly to Koror in Palau from Manila or Tokyo, but availability is pretty scarce. So if you find any and are thinking of going, book now.

Aeroplan: What to Book Before Price Changes - palau

What about those who wish to explore the corners of the Pacific after the changes? The prices for boarding the United Island Hopper are likely to resemble what we currently see with United MileagePlus, meaning there are days when the flight costs as little as 15,000 United MileagePlus miles, while on other days, the price rises to 50,000 miles, which is more than three times the « saver » rate.

Bottom Line

In short, any flights you need to book with Calm Air, Canadian North, Flydubai, Emirates, Etihad Airways, Pal Airlines and United Airlines should be booked before March 25, 2025. After that, you can always check whether prices have dropped or not, because, as shown in this article, dynamic pricing isn’t always bad, it’s just less predictable.

What I recommend you do is make the bookings you want, particularly for destinations that are less easily accessible with other Aeroplan partners. At worst, you can pay change fees if the price of the booked flight drops significantly, justifying the payment of the fees to recover points.

In fact, if your goal is to travel to Europe with your Aeroplan points, there is no real urgency to book, because even though you can do Montreal-New York-Nice at a fixed rate with United Airlines, several other partners can also get you there at a fixed rate, including TAP Portugal, Swiss Air, Lufthansa, Austrian Airlines, etc.

The best tool for finding out which airline flies which route is Flight Connections. Simply enter your city of origin and destination to see if there are many options other than those of partners adopting dynamic pricing from next Tuesday. Then use a tool like Roame to find availability more easily and quickly.

Finally, remember that the secret to maximizing your Aeroplan points is to be flexible and responsive. As the saying goes, « earn and burn »: accumulate your points, but above all, use them intelligently before they lose their value.

Annual fee
$191.88
Our valuation
$255
Milesopedia first-year estimateFirst-year valueWelcome bonus$255Total$255Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
Welcome offer
Up to 15,000 points
Apply Now

on American Express's website

Apply with confidence — no impact on your credit scoreApply with confidenceCheck whether your application will be approved before you submit it, with no impact on your credit score*When you apply for a personal American Express Credit Card, we will tell you whether you are eligible without affecting your credit score. So you can apply with confidence.*Instant decisions are only available for consumer Card applications (also called “personal Cards”).

The American Express Cobalt® Card is the best credit card from American Express, whether you want points for travel or cash back.

American Express Cobalt® Card welcome offer

The welcome bonus is paid out monthly over your first 12 months. You earn 1,250 Membership Rewards points for each monthly billing period in which you charge $750 in net purchases to your card, in any category (1X, 2X, 3X or 5X). That adds up to 15,000 Membership Rewards points over the year, a welcome offer we value at $255.

Earning the full bonus means $9,000 in net purchases spread across 12 monthly billing periods. This offer rewards steady monthly spending rather than one large purchase.

You can use these points as statement credits on everyday or travel purchases, at the same rate either way: 1,000 points = $10.

You can also transfer them to Aeroplan, Avios (British Airways and Qatar Airways), Flying Blue, Marriott Bonvoy or Hilton Honors. With the full welcome bonus, that is a choice between:

  • 15,000 Aeroplan points
  • 15,000 Avios points
  • 15,000 Flying Blue Miles
  • 18,000 Marriott Bonvoy points

If hotel points are what you are after, our ultimate guide to Marriott Bonvoy and our complete map of Marriott Bonvoy hotels by category show what those points can actually buy.

American Express Cobalt® Card benefits

Here is what the card gives you, starting with the benefits cardholders use most.

  • 5X points on eligible eats and drinks in Canada: groceries, restaurants and bars, home food delivery and convenience stores. A spend cap applies.
  • 3X points on eligible streaming subscriptions in Canada.
  • 2X points on eligible gas, public transit and ride sharing purchases in Canada.
  • 1 additional point on eligible hotel and car rental bookings made through American Express Travel Online.
  • 1X point per dollar on everything else, with no category restrictions.
  • Points that hold the same value either way: 1,000 points = $10 as a statement credit, or a 1:1 transfer to several airline and hotel loyalty programs.
  • No minimum income requirement, as with every American Express Canada card.
  • Additional cards at no extra cost: the first and every other supplementary card is $0.
  • The Hotel Collection: a room upgrade when available, 12pm check-in and late check-out when available, and up to $100 USD in hotel credit on amenities charged to the room for a stay of two or more consecutive nights, booked through American Express Travel.
  • Front Of The Line® presale and reserved tickets for concerts and theatre performances, plus offers and events curated for cardmembers through Amex Experiences.
  • A soft credit check before you apply: you can see whether you will be approved with no impact to your credit score. This applies to American Express personal card applications.

To see how it compares with the rest of the line-up, read our round-up of the best credit cards from American Express in Canada.

The 5X categories and where they apply

The 5X rate is the reason most people carry this card. In Canada it covers four kinds of merchants:

  • Groceries: Metro, IGA, Sobeys, Super C, Safeway, Whole Foods.
  • Restaurants and bars: sit-down meals, takeout and drinks.
  • Home food delivery.
  • Convenience stores: Couche-Tard, 7-Eleven.

The 2X rate covers gas stations such as Esso, Shell and Petro-Canada, along with public transit and ride sharing.

With the American Express Cobalt® Card, you earn between 1 and 5 points per dollar:

Category Points per dollar
Grocery (Metro, IGA, Sobeys, Super C, etc.) 5
Home food delivery 5
Restaurants and bars 5
Convenience stores 5
Streaming services 3
Service station 2
Transport 2
Travel 1
Other 1

That works out to a 1 to 5% return on those purchases. For example, if you spend $1,000 per month across groceries, restaurants and food delivery, you earn $50 back per month, or $600 per year from that category alone. Transfer the points to a program such as Aeroplan instead and the return can be higher.

You can also stack these categories with the hundreds of stores that offer 5x points.

American Express Cobalt® Card insurance coverage

The card comes with a broad insurance package. The amounts below are the coverage limits; conditions, age limits and exclusions are set out in the certificate of insurance linked in the Insurance section above.

Travel insurance

  • Emergency medical: up to $5,000,000 for the first 15 days of a trip.
  • Travel accident: accidental death and dismemberment of up to $250,000 for you, your spouse and dependent children under age 23 when travelling on a common carrier (plane, train, bus or ship) and the tickets are charged to your card. Supplementary cardholders and their families are covered too.
  • Flight delay: up to $500 for necessary hotel, meal and sundry expenses bought within 48 hours when you are delayed or denied boarding for four hours or more and no other transportation is available. This $500 is an aggregate limit per occurrence, shared with missed connection and delayed baggage coverage.
  • Delayed baggage: up to $500 for essential clothing and sundries bought within four days when your outbound luggage is delayed six hours or more. This $500 is an aggregate limit per occurrence, shared with missed connection and flight delay coverage.
  • Lost or stolen baggage: up to $500 per occurrence for all insured persons combined, for checked or carry-on baggage and personal effects in transit, when the airline tickets are charged to your card. Within that limit, jewellery is capped at $300 per occurrence and golf clubs, including golf bags, at $250 per occurrence.
  • Hotel and motel burglary: up to $500 against the loss of most personal items if your hotel or motel is burglarized, when the stay is charged to your card.

Rental car insurance

Theft and damage coverage is included for a rental car with an MSRP, for its model year, of up to $85,000 excluding all taxes, for rentals of up to 48 days. To use it, decline the Loss Damage Waiver (LDW) or any similar option from the rental company and charge the full rental to your card. There is no cost for this coverage, and it replaces the daily insurance the rental company charges, usually $16 to $23 per day.

Mobile device insurance

Your device is covered for up to $1,000 per occurrence when it is charged to the card, for up to two years from the date of purchase. The payout is based on the depreciated value of the device, which falls by 2% of the purchase price for every completed month, less a 10% deductible. Theft and accidental damage coverage starts on the 91st day after purchase, because the first 90 days are covered by purchase protection.

Purchase protection and extended warranty

Eligible items charged to your card are insured against accidental physical damage or theft for 90 days from the purchase date, up to $1,000 per occurrence for all items combined. The card also extends the original manufacturer’s warranty by up to one additional year on eligible items, with indemnification limited to $10,000 per insured item and $25,000 per Cardmember per policy year for all items combined.

American Express Cobalt® Card fees

  • Card fee: $15.99 per month, which equals $191.88 per year, for residents outside Quebec. Quebec residents are billed $191.88 per year.
  • Additional cards: $0.
  • Purchase interest rate: 21.99%.
  • Cash advance interest rate: 21.99%.
  • Foreign transaction fee: 2.5%.
  • Minimum income required: none.

Because the fee is billed monthly rather than in one annual charge, you can stop and restart the cost in step with how much you are actually using the card.

Annual fee

Primary card$191.88
Additional card$0

Annual income required

Individual$0
Household$0

Conversion fees

2.5%

Earning rate

  • 5xRestaurants
  • 5xGroceries
  • 5xConvenience
  • 3xStreaming
  • 2xTransit
  • 2xGas & EV
  • 1xAll spending

Value

1st Year Value$1,828
2nd Year Value$799

Transfer partners

  • AeroplanAirline
  • British Airways ClubAirline
  • Cathay Asia MilesAirline
  • Etihad GuestAirline
  • Flying BlueAirline
  • Hilton HonorsHotel
  • Marriott BonvoyHotel

Travel insurance

Travel medical (under 55)Up to $5,000,000 / 15 days
Travel medical (55-64)Up to $5,000,000 / 15 days
Delayed BaggageUp to $500
Lost BaggageUp to $500
Flight DelayUp to $500
Hotel BurglaryUp to $500
Travel AccidentUp to $250,000

Purchase protection

Purchase ProtectionUp to $1,000 / 90 days
Extended Warranty+1 years
Mobile DeviceUp to $1,000 / 2 years
Auto Rental Collision (primary)Up to $85,000 / 48 days

Our featured card

Featured
Annual fee
$120
Our valuation
$990
Milesopedia first-year estimateFirst-year valueWelcome bonus$990Total$990Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
Welcome offer
Up to 110,000 points
Ends Sep 22, 2026
Apply Now

on American Express's website

Apply with confidence — no impact on your credit scoreApply with confidenceCheck whether your application will be approved before you submit it, with no impact on your credit score*When you apply for a personal American Express Credit Card, we will tell you whether you are eligible without affecting your credit score. So you can apply with confidence.*Instant decisions are only available for consumer Card applications (also called “personal Cards”).

The Marriott Bonvoy® American Express®* Card is the best credit card in Canada for free hotel nights.

New Cardmembers can earn up to 110,000 Marriott Bonvoy® points with the current offer:

  • Earn 80,000 points after you spend $6,000 on your Card in your first 6 months of Cardmembership.
  • Plus, earn 30,000 points by making a purchase during your 15th month of Cardmembership.

This offer ends on September 22, 2026. The annual fee is $120, and there is no annual fee on Additional Cards, so you can add a partner or a family member at no extra cost.

Every year after your first Card anniversary, you receive an Annual Free Night Award good for a redemption of up to 35,000 points at eligible hotels and resorts worldwide. At a valuation of 0.9 cents per Marriott Bonvoy point, that certificate is worth roughly $315, which on its own more than covers the $120 annual fee. That is the main reason to keep this Card year after year instead of cancelling it.

To get the most out of the certificate, aim it at a night that would otherwise price close to the 35,000 point ceiling.

The Card also gives you 15 Elite Night Credits each calendar year and automatic Marriott Bonvoy Silver Elite status. Those credits count toward the next Elite tier, so you begin every year 15 nights ahead of where you would otherwise start.

You move up to Gold Elite status automatically when you reach $30,000 in purchases on the Card in a year, or when you combine 10 qualifying paid nights within one calendar year with the 15 Elite Night Credits from your Card.

Marriott Bonvoy points are generally valued at 0.9 cents each. On that basis, the 110,000 point welcome offer is worth about $990, and an Annual Free Night Award used at its full 35,000 point ceiling is worth about $315.

Marriott Bonvoy points pull their weight on free nights rather than on gift cards or merchandise, which is why this Card should be judged on the hotel stays it produces.

You earn 5 points per dollar on eligible purchases at participating Marriott Bonvoy hotels and 2 points per dollar on all other purchases. Points can be redeemed for free nights with no blackout dates at more than 7,000 hotels around the world.

The Card carries a solid package of coverages: $500,000 travel accident insurance, flight delay, baggage delay, lost or stolen baggage and hotel or motel burglary at $500 each, car rental theft and damage up to $85,000 for rentals of up to 48 days, Purchase Protection for 90 days and a one year Extended Warranty.

Two things to plan around: the 2.5% foreign transaction fee on purchases made in a foreign currency, and the 21.99% purchase interest rate, which makes this a Card to pay in full every month. Like all American Express Canada Cards, no minimum income is published for this Card, and you can see whether you would be approved before you apply, with no impact on your credit score.

Annual fee

Primary card$120
Additional card$0

Annual income required

Individual$0
Household$0

Conversion fees

2.5%

Earning rate

  • 5xMarriott Bonvoy hotels
  • 2xAll spending

Value

1st Year Value$1,437
2nd Year Value$312

Travel insurance

Delayed BaggageUp to $500
Lost BaggageUp to $500
Flight DelayUp to $500
Hotel BurglaryUp to $500
Travel AccidentUp to $500,000

Purchase protection

Purchase ProtectionIncluded
Extended Warranty+1 years
Auto Rental Collision (primary)Up to $85,000 / 48 days

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