Kingfisher miles go to zero — 100% loss overnight
Kingfisher Airlines' licence suspension on 20 October 2012 made all King Miles balances instantly worthless. This event highlights the risks of hoarding single-airline miles.
Kingfisher Airlines’ licence was suspended by the DGCA on 20 October 2012, effectively ending the airline’s operations. This suspension made every unredeemed King Miles balance worthless. The airline’s fleet was grounded and salaries had been unpaid for seven months, leading to the suspension.