Originally Posted by Xandrios

I believe that what's missing in that calculation is that any seat sold, at any price, equals an uplift in their revenue. Even that 100 euro LHR return, if seats are being sold at that price it means that they cannot be sold at a higher price - that price is determined very very carefully. The alternative to a FF pax purchasing that seat for a mileage run, is for it to be further reduced in price - or left empty. Both equal lower revenue.

The question is what the revenue model for M+B is. Are those visits to 'foreign' lounges really a loss maker? If I was them I would want to be sure that the income from credited miles covers those fees at the very least. If lounge fees are even paid by the FFP, and not the operating airline - which is a much more sensible model in my opinion. In which case any flight made by an Aegean FF pax will make them money.