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Old Jul 22, 2004 | 3:38 pm
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hyho61
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Value of mile by airlines
Originally Posted by BillMorrow
I know we all have varying ideas of what our miles are worth, but how do the airlines value miles? I know that the airlines have to place a value on outstanding miles (as a liability) for accounting purposes. Does anyone know what that value is?

Airlines value at the rate 2c/mile. But actually they are worth closer to 1.2 c/mile.
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