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Old Dec 22, 2005 | 8:23 am
  #85  
doc
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Join Date: May 1999
Posts: 46,817
Originally Posted by milesandsmiles
Makes me want to get even more miles for everything I do so ...
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Hey, as a FT'er aren't you supposed to be doing that anyway!

Mark

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FWIW, there is also an article in The Economist concerning the devaluation of FF programs as well:

Who will cheer loudest when frequent-flyer miles celebrate their 25th birthday?

(From The Economist print edition) Dec 20th 2005

Frequent-flyer miles

The mania began in 1981, when American Airlines launched AAdvantage, the world's first mileage-based frequent-flyer programme, to encourage customer loyalty. Today more than 130 airlines issue miles, and according to Randy Petersen, the founder of InsideFlyer magazine, 163m people around the globe collect miles of some sort. Indeed, calculations by The Economist in January 2005 suggested that the total stock of unredeemed miles was worth more than all the dollar bills in circulation.…


If you are a subscriber, here is a link:

http://www.economist.com/research/a...55BA%252FL%250A

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Note that one of our "members" is quoted in the article as well!

Happy Holidays.

Mark

Last edited by doc; Dec 22, 2005 at 8:29 am
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