If you do the trip to LA with AA and book a fare that accrues 1 qualifying point per mile flown, then your round trip will allow you to get Platinum status through the Platinum Challenge . This is the OneWorld Sapphire level which would be akin to Qantas Gold status and would be the level which provides lounge access and business class checkin ( 1st class when travelling AA)
You may have to take a fare slightly higher than the cheapest fare that AA offers, but not by much and often the web special fares that they sell book into W class which will do the trick nicely
This Platinum status will do you through 2009.
During 2009 , you will need to earn 50,000 points or miles to renew Platinum status or you will drop to gold.
Depending on how many transatlantic crossings you make and to where, will determine whether you requalify for platinum.
Dave


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