Value of A Mile
Travelers frequently debate on how much accumulated miles are worth, something which is highly variable based on how they are redeemed. A typical ballpark figure is approximately 1-2 cents per mile based on discount (rather than full fare) economy class travel costs.
The airlines themselves value miles in their financial statements at less than one one-thousandth of a cent per mile.
Read more about this topic: Frequent-flyer Program
Famous quotes containing the word mile:
“It was a tangled and perplexing thicket, through which we stumbled and threaded our way, and when we had finished a mile of it, our starting-point seemed far away. We were glad that we had not got to walk to Bangor along the banks of this river, which would be a journey of more than a hundred miles. Think of the denseness of the forest, the fallen trees and rocks, the windings of the river, the streams emptying in, and the frequent swamps to be crossed. It made you shudder.”
—Henry David Thoreau (1817–1862)