Originally Posted by CanFlyboy
For some unbeknown strange reason........I never realized this issue was one of cost. Nonetheless, I am concerned about your math. Although it is accurate theoretically, it implies everyone who gets the bonus miles would eventually redeem the points for travel......and a certain percentage never do. I think the figured is 17%.
Regardless, thanks for the explanation.
CFB
But with the separation of AC and AP, doesn't AC actually
pay AP for those miles regardless of redemption rates? If the breakage rates is 17%, I would think the "profit" is the AP's profit.