Of course, 56K is still too high for Europe. My point is that they're likely to continue dropping.
Delta cut the cash price we paid from $738 to $689, and also offers LAX-GVA for 50K + $145. The miles were cut more, but not yet a good value.
I knew I shouldn't have paid attention to the doomsayers
A fair question, so I decided to look up my past purchases for January Euro ski trips.
On 10/24/2016 I paid $943.
On 10/31/2017 I paid 65K miles + $89. This strongly implies cash price was over $1,000
In the above context the situation has improved since then.
On 8/14/2018 I paid $566
On 9/17/2022 I paid 34k miles + $61. We had to select two-stopper itineraries to get that mileage deal.
On 10/21/2023 I paid $738.
Given that my two best deals were purchased in August and September, you can see why I might be skeptical waiting into November.
We have also taken two spring ski trips to Europe in 2018 and 2022. The 2022 trip would have been about $1,200, so we used 70K miles for that. 2018 returned via Iceland to Portland, then Southwest home.
Every year can be different, and I'm sure the airlines' dynamic pricing algorithms get more refined. But I'm curious if James has seen prices for January travel continue declining into November before.