A model using a finite elements code is developed to simulate degradation due to combined cyclic oxidation and interdiffusion in materials used in high temperature components of gas turbines. Coating recession due to cyclic oxidation (oxide growth and spalling) is also modelled using a statistical approach. Interdiffusion between coating and superallloy is modelled to predict total Al depletion in the coating. The phase transformations in the alumina-forming coating and the effects of the precipitates at the coating / superalloy interface are investigated. The results of simulations are compared with experimental data. Effects of diffusion parameters and of cyclic oxidation kinetics are discussed.