Originally Posted by
5khours
Last time I checked, I thought the SEC reports said they used a uniform price for the miles on their books based on the price that miles are sold to Amex. It was late at night though so I might have missed something. Sounds like you might have better info on this.
As mentioned before the have a price of $0.0054 based upon what the sell miles to other airlines for (I read their 10K filing) but if I fly to CDG for in J on AF for 100K SMs - Is Delta paying AF $540 for the flight or some other amount? Or does Delta have to purchase Flying blue miles and pay them in cash or Skymiles, etc....