In late May 2026, Air Canada published an updated Aeroplan Flight Reward Chart, with new pricing applied to bookings made as of Monday, June 1, 2026. It is a partial devaluation. Some awards cost more points than before, a smaller group cost fewer, and many bands did not change at all.
This guide breaks down what actually moved, who is affected, and what it means if you hold Aeroplan points or an Aeroplan co-branded card in Canada. Every figure below is drawn from Air Canada's published chart and reporting on it. Nothing here is financial advice. Award pricing can change again, so always confirm the live price on Air Canada's official Flight Reward Chart before you book.
What changed and what did not
Aeroplan uses two pricing systems, and the June 2026 update touches both in different ways. For background on how these systems work, see our guide on Aeroplan points value in Canada.
Partner flights with fixed pricing are where the chart actually changed. Star Alliance and other partner-operated awards are priced from a published zone-and-distance chart, and that chart is what Air Canada updated. These are the numbers you can read directly off the official PDF.
Air Canada flights use dynamic pricing. The chart sets a starting point for Air Canada and select partner flights, but the actual points needed still move with the cash fare. Carriers such as Emirates, Etihad, FlyDubai, and United also price variably. So even where the chart number rose, your real cost on an Air Canada seat depends on demand at the time you search.
One important thing that did not change: the stopover feature still costs 5,000 points, which remains one of Aeroplan's strongest perks for building multi-city trips.
As Air Canada framed the update on its own news page, increases are not taken lightly but are sometimes necessary as underlying costs rise. In plain terms, more awards went up than down.
The increases: long-haul premium cabins took the biggest hit
The clearest pattern is that long-haul premium-cabin partner awards generally got more expensive, and the largest jumps landed in first and business class.
Between North America and the Atlantic region (which covers Europe), the heavier distance bands rose across the board. For awards covering 4,001 to 6,000 miles, business class went from 70,000 to 75,000 points, and first class went from 100,000 to 120,000 points. For the longest band, 8,001 miles and up, first class rose from 140,000 to 165,000 points and business from 100,000 to 110,000 points.
Between North America and the Pacific region (which covers Asia), the picture is similar at the top end. In the 7,501 to 11,000 mile band, business class went from 87,500 to 102,500 points and premium economy from 70,000 to 85,000 points. This is the ultra long-haul business class sweet spot many points enthusiasts prize, so the 15,000-point increase is a notable one.
Some intra-region and cross-region awards also climbed. Within the Atlantic region, the 4,001 to 6,000 mile economy band rose from 35,500 to 42,500 points. Between the Atlantic and Pacific regions, several business and first class bands increased by 10,000 to 20,000 points.
The headline, per reporting on the change, is that some awards rose by as much as 20,000 points.
The decreases and the unchanged: it is not all bad
The update was not a clean sweep upward, and a few changes are genuinely positive.
Several shorter-distance economy awards on long-haul routes got cheaper. The first distance band between North America and the Atlantic (up to 4,000 miles) dropped from 35,000 to 32,500 points in economy, and the equivalent first band to the Pacific (up to 5,000 miles) did the same.
A cluster of decreases landed within the Pacific region. The longest economy band (7,001 miles and up) fell from 55,000 to 50,000 points, and business in that band dropped from 90,000 to 85,000 points. The 5,001 to 7,000 mile economy band also came down slightly.
Within the Atlantic region, short-haul business class improved. Awards up to 1,000 miles fell from 15,000 to 12,500 points, and the 1,001 to 2,000 mile business band dropped from 25,000 to 22,500 points. That is good news for anyone using Aeroplan to cover short intra-Europe business class hops.
Plenty of bands were left untouched, and decreases topped out at about 5,000 points, smaller than the largest increases. The net effect is a modest devaluation rather than a dramatic one.
What it means for Canadians holding Aeroplan points or cards
If you are sitting on a large Aeroplan balance or earning through a co-branded card, the practical takeaways are straightforward.
- Your points are worth slightly less on average, but not dramatically so. Because more awards cost more points, the typical value per point edges down. Recognized valuation sources still put Aeroplan in the rough range of 1.9 to 2.2 cents each when redeemed well. See how we apply that figure on our points valuations page.
- The sweet spots shifted, not disappeared. Long-haul premium cabins still return strong value because you are offsetting very expensive cash fares, even at the higher point prices. But the margin is thinner than it was, so run the math before you commit a big balance.
- Shorter economy hops and intra-Europe business class look relatively better. A few of these got cheaper, which is worth knowing if your travel skews toward shorter partner segments.
- Dynamic Air Canada pricing still rules domestic and transborder trips. For Air Canada flights, keep comparing the points price against the cash fare every time. If cash costs less than your points are worth, pay cash and save the points for a high-value partner award.
- Earning strategy does not need to change. American Express Membership Rewards still transfer to Aeroplan at a 1:1 ratio, which remains a fast path into the program. If you are weighing Aeroplan against other Canadian options, our Aeroplan vs Avion vs Scene+ comparison lays out the trade-offs.
How to check the exact price for your trip
Award charts are summaries, and the only number that matters is the one shown when you actually search. Before booking:
- Pull up Air Canada's official Flight Reward Chart and find the zone pairing and distance band for your route.
- Remember that Air Canada metal and some partners price dynamically, so the chart is a floor, not a guarantee.
- Compare the points cost against the cash fare to judge whether the redemption clears your personal value threshold.
The bigger point is that one devaluation does not undo a program. Even with the June 2026 increases, Aeroplan remains competitive across most markets, especially for partner premium cabins and its no-fuel-surcharge policy.
If you are shopping for a card to build Aeroplan points, see our best Aeroplan cards, browse current welcome offers, and review how we estimate every reward currency on the points valuations page.
This article is for informational purposes only and is not financial advice. Award pricing, charts, and terms change frequently; confirm current details on Air Canada's official pages before booking or redeeming.
Frequently asked
When do the Aeroplan award chart changes take effect?
Air Canada applied the updated Flight Reward Chart to bookings made as of Monday, June 1, 2026. The price you pay is set when you book, so awards ticketed before that date were priced on the old chart. Confirm the live price on Air Canada's official chart before booking.
Is the June 2026 Aeroplan update a devaluation?
On balance, yes. It is a partial devaluation: there are more increases than decreases. Some awards rose by up to 20,000 points, while a smaller set of awards dropped by up to 5,000 points. The effect depends entirely on the routes and cabins you book.
Which awards got more expensive?
Many long-haul premium-cabin partner awards increased, including some business and first class fares between North America and Europe and between North America and Asia. Several economy bands in the 4,001 mile and up ranges also went up. Check the official chart for the exact band that matches your trip.
Did anything get cheaper or stay the same?
Yes. A number of shorter-distance economy awards and some intra-region business class awards decreased, and several ultra long-haul economy and business bands in the Pacific region came down. Air Canada also kept the 5,000 point stopover feature. Many bands were unchanged.
Does this change how much an Aeroplan point is worth?
It nudges the average down slightly because more awards cost more points, but it does not set a fixed cash value. Recognized valuation sources still estimate Aeroplan points at roughly 1.9 to 2.2 cents each when redeemed well. See our points valuations page for how we normalize this.
Sources
Every figure in this guide traces to a primary source. Confirm details on the official page before you apply. Nothing here is financial advice.
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