<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Shareholder:
As for the cost of program miles, the generally accepted internal measure is the 1 to 2 cent per mile US, so the ready dismissal of 1-cent Canadian is imprudent. And as Aeroplan becomes a distinct entity, real dollars will be exchanged between AC and Aeroplan, making this a very real cost to the carrier which does come off the cost of a ticket.</font>
Call me Mr. Imprudent, but until I see something official (like in a prospectus, 10-K, or stolen air carrier financial statement), the 1-2 cents per mile is nothing more than conjecture.
If Aeroplan becomes a seperate entity (publicly held and seperate entity are two different things in my book), maybe we'll see.
Trouble is that AP could decide to charge AC $.05 per mile and AC could charge AP $1250 for an economy seat, does that mean miles are worth 5 cents each?
So unless someone is working on stealing internal financial documents, we'll probably never know...
[This message has been edited by skofarrell (edited 05-06-2002).]