Originally Posted by
Seat13F_AC_CRJ
It depends on whether you are a buyer or seller.
If you can trade 25,000 miles for a $500 ticket... then maybe they are worth $0.02 only. On the other hand, if you can trade 85,000 miles for a $6,000 J class ticket to Europe, then maybe they are worth closer to $0.07 each.
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13F
Or 100,000 for a $12,000 J ticket to NZ on NZ then 12c or $0.12, but not 0.12 cents a mile