Originally Posted by
Asiatraveler15
March 5 I completed LAX to Singapore.
It is showing I got miles credited under the old system.
Should I call and report it.?
No, but the audit and clawback code in Shares is the most solid piece...
Originally Posted by bocastephen View Post
...Someone incorrectly decided that outstanding miles should be a liability on the books, which I strongly disagree with given there is no actual liability or cost until a ticket is redeemed ...
About 80% of miles are redeemed, so they are a liability on the airlines. The airlines can choose to account for them in many ways, but once you choose, you are stuck with it....or else you have a lot of 'splaining. They don't just float in accounting zero land until someone books award travel.
On edit...I correct that to 80% of earned miles are in play, about 20% expire. The redemption rate of that 80% is unknown to me.