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:
“There was a crooked man, and he went a crooked mile,
He found a crooked sixpence against a crooked stile:
He bought a crooked cat which caught a crooked mouse,
And they all lived together in a little crooked house.”
—Mother Goose (fl. 17th–18th century. There was a crooked man, and he went a crooked mile (l. 1–4)