Originally Posted by moondog
i've never seen that before. (most i'm familiar with find ways to lump outstanding miles into generic liabilities and sales from proceeds of miles into assets or as offsets against advertising expenses. the idea of listing an entire program as a liability strikes me as a bit oversimplistic.)
Its really scattered but its reported as a liability, you need to go to the Airline's Annual Report and look for the section on their freqent flyer program and under there it will talk about how and why it is listed / reported as a liability.