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:
“We got our new rifled muskets this morning. They are mostly old muskets, many of them used, altered from flint-lock to percussion ... but the power of the gun was fully as great as represented. The ball at one-fourth mile passed through the largest rails; at one-half mile almost the same.... I think it an excellent arm.”
—Rutherford Birchard Hayes (1822–1893)