Q – With all the problems we’ve been reading about involving American Airline’s bankruptcy and this pending deal with US Airways, we are wondering if keeping miles in our Advantage account for a planned major Christmas trip in 2017 is a good idea?

A – The merger with US Air went through last year and American Airlines profits are soaring based on higher ticket prices and relatively low fuel costs. The new AA made profits of $436 million in the 4th quarter of 2013 compared to a loss of $42 million a year earlier. So don’t bet against American.

As to your mileage bank. We recommend storing your miles in one of the better credit card depositories, preferably one that give you a bonus when miles are cashed in. Choose a credit card that allows you to accumulate miles and then, whenever you choose, to have them applied to any major airline. In other words, you only tap into your mileage and transfer miles to the airline when you are about to purchase a mileage ticket. Never let miles languish in an airline frequent flyer account.

By the way, it is highly unlikely you will be able to purchase mileage awards on American for travel over the Christmas Holiday in 2017 or any other year.