fredz: I bought one of the last lifetime AAirpasses sold back in 1994. I believe they stopped selling them in 1995. Given that they were "lifetime" I have not been aware that one could transfer them to someone else's "life". Hence, if one were purchased by a 70 year old man, would the airline feel it was a square deal to let him dump it off to a 20 year old kid?
The only AAirpasses being sold now are for 2 years and 5 years.
I can't imagine that the AAirpass program is doing well, given that business sucks (business was what mostly bought these) and they raised the prices through the roof. Given what UA is doing, by lowering walk-up full Y fares, such fares would be profoundly lower than the prices charged by AAirpass, on a per-mile basis.
Anyway, the word "lifetime" is likely not to be limited to the customer's lifetime, but rather the airline's. A recent quote by Airline scholar Joe Bracantelli struck me: "Never let an airline be your bank". Ten years ago I would't have agreed. Right now he looks right on.
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AAExecPlat; Lifetime AAirpass; 3MillMiles; UApremier-PassPlus