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Old May 16, 2004 | 11:57 pm
  #11  
SkaterJasp
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Join Date: Mar 2003
Location: San Diego, CA
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Originally Posted by JY4D
Most mileage programs are actually an asset to the company and not a liability. Airlines earn revenue through partners by selling miles to CC companies and other businesses at 1.5-2 cents per mile. Also, you will notice that when companies go bankrupt they end up selling their mileage programs even including all the built-in liabilities.
Mileage programs is listed as a liability on airline's balance sheets.
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