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:
“May they stumble, stage by stage
On an endless pilgrimage,
Dawn and dusk, mile after mile,
At each and every step, a stile;”
—Robert Graves (1895–1985)