Originally Posted by
seawolf
No one is saying you are right or wrong. All I am saying is FT doesn't know what the relationship is between AB and AA. You don't know, I don't know, Often1 doesn't know. 10K indicates it is entirely acceptable for airlines partners to pre-purchase miles. If you want to be right and prove me wrong, prove it and start attaching agreements between AA and OW and AB.
Given I have had some history of having access to AMR's 10-K before the 10-Ks even became public, make of it what you want.