Originally Posted by
kokonutz
Presumably because the venture need to at least break even if not turn a profit! @:-)
These special events auctioned for miles ALWAYS sell at what a disinterested observer would call a high price.
The airline would have to pay the organizers full fare for the winners of the auction, but I presume that a high winning auction price in miles would make that exchange profitable on the books of the airline. Am I missing something?