Aeroplan is raising the price of its partner award chart on bookings made June 1 or later. The biggest hits land on premium cabins: North America to Europe business class in the 4,001–6,000-mile band jumps from 70,000 to 75,000 points one-way. First class on the same routes climbs from 100,000 to 120,000—a clean 20% increase. To Asia in the 7,501–11,000-mile band (think West Coast to Tokyo on ANA or EVA), partner business leaps from 87,500 to 102,500 points, or about 17%.

Transatlantic first class sees increases up to 25,000 points in the longest bands, pushing some redemptions as high as 165,000 one-way. Domestic and short-haul intra-Europe business fares are mostly spared or even slightly cheaper in a few odd pockets. Overall, premium long-haul is where the pain concentrates, with jumps ranging 7% to 20% on the routes that matter to anyone who actually flies these cabins.

That leaves you roughly three weeks from today—until the end of May—to lock in the old rates. Book by May 31 and the current chart applies, even if travel is months or years away. Aeroplan honors the pricing in effect on the booking date; no retroactive re-pricing on confirmed awards.

Routes Worth Booking Before the Clock Runs Out

North America to Europe in first class on partners. Lufthansa, Swiss, or Austrian metal from the East Coast or Chicago falls squarely in that 4,001–6,000-mile band. At 100,000 points one-way today, it’s a legitimate bargain for a proper first-class experience complete with ground service and caviar. After June 1 you’ll pay 120,000. The difference pays for a decent dinner in Frankfurt.

Longer transatlantic hops see similar proportional pain. If you’ve been eyeing a West Coast to Europe first-class positioning ticket on United or Lufthansa in the 6,001–8,000-mile range, pull the trigger now at the old 130,000-point rate before it becomes 150,000.

North America to Asia business class on Star Alliance partners. The 87,500-point sweet spot to Japan, Korea, or Southeast Asia on ANA, Asiana, or EVA has been one of the program’s reliable high-value plays. Post-devaluation it’s 102,500. That 15,000-point delta on a round-trip is real money when you’re transferring from Amex or Chase at 1:1.

Shorter transatlantic business to places like London or Paris from the Northeast (under 4,000 miles) stays at 60,000 points. Those are worth monitoring but not urgent. Domestic Canadian or U.S. short-haul awards see minimal movement and can wait.

Availability on these partners remains the eternal Aeroplan lottery. Lufthansa Group and Swiss release decent business and occasional first to North America, though first is predictably tight. ANA often loads business 355 days out but can be phone-only. EVA has been more bookable online lately. The point is: if you see space that fits your dates, don’t admire it. Book it.

What the Devaluation Actually Means for Serious Travelers

This isn’t the 2020-style bloodbath, but it’s the most noticeable premium-cabin haircut Aeroplan has taken in years. The program’s flexibility—stopovers, open-jaws, and partner access—still beats most alternatives, yet the math is shifting. A round-trip in Lufthansa first that used to cost 200,000 points now looks closer to 240,000. That stings when transfer bonuses are scarce and credit card earning feels increasingly like a part-time job.

The smartest move isn’t to hoard points in protest. It’s to deploy them on the routes where the delta is largest before the new chart becomes the baseline. Aeroplan still allows changes and cancellations for a fee; if your plans shift, you’re not married to the ticket. Better to have the option at the lower rate than wish you’d booked when the window was open.

Search partner space aggressively over the next 13 days. Focus on the 100,000-point transatlantic first redemptions and the 87,500-point Asia business awards. Those are the clear losers in this round. Everything else can be handled later or absorbed without much drama.

Action item: Log into your Aeroplan account today, pull up the partner award calendar for your target routes in May and June departures, and book anything that clears at the current rates before May 31. The miles will still be there afterward. The pricing won’t.