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Old Apr 18, 2020, 5:58 pm
  #15  
giorginho
 
Join Date: Jul 2019
Posts: 1,317
Originally Posted by Passmethesickbag
... a very nice gesture (but really costs them practically nothing). I guess they want to flaunt their generosity and also decrease the liabilities in their books a little bit.
It doesn't cost "practically nothing", unless the miles lose their value. The liabilities do the exact opposite, they increase, because 66,66% of the miles to be donated did not even exist before and Aegean "generated" them (so Aegean, in one way or another, is, or will be, paying for them).
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