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:
“A man is murdered a mile away. And do you know what killed him? My name. The very name of Frankenstein burst his heart. And now the happy little villagers are clamoring for my blood.”
—Willis Cooper, and Rowland V. Lee. Wolf von Frankenstein (Basil Rathbone)