Originally Posted by
mreed911
587 billion miles outstanding!
And of course at 1.5 cpm that's 8.8 BILLION dollars in liabilities on the balance sheet...
Not quite -
"The Company’s total liability for future AAdvantage award redemptions for free, discounted or upgraded travel on American, American Eagle or participating airlines as well as unrecognized revenue from selling AAdvantage miles was approximately $1.4 billion (and is recorded as a component of Air traffic liability on the accompanying consolidated balance sheets) at December 31, 2010 and $1.5 billion as of December 31, 2009."