Originally Posted by
Raffles
Depends how you spend them. If you use Avios mainly to MFU to CW then you are getting about 4p of value, if you do every redemption as a long haul on a 241 you will be getting above 2p. If you only redeem for yourself then you will be getting around 1p and its not a great deal. All variable.
It is perhaps by the bye to this thread, but shorthaul Avios + money is now very good value. I have recently booked flights where an exact calculation produced a value of 2.7p per Avios (without using 2-4-1). And this valuation ignores the fact that the tickets are fully flexible: if one calculated the value by reference to the fully flex revenue fares, it is probably about 10p per Avios !