Recently, I booked two business class reward tickets on LAN thru Alaska Air for 75k miles + $77 each. The routing is PDX-LAX-LIM-SCL-EZE-SCL (free stopover)-LIM-LAX-PDX. This exact routing is selling for over $16000 for the two tickets on LAN.com. Thus my tickets are worth nearly eleven cents per mile spent.

Note: DL wanted 360,000 miles + taxes for their routing to EZE without any stopovers.

Thus, IMO, this is a great deal. Premium seating all the way, a no cost stopover and a standard reward booked less than 90 days from date of departure.

Probably the worst deal were two last minute tickets OKC-PDX-OKC when my brother-in-law made a sudden stop on his motor cycle into the side of a car. 100000 miles and $20. Mother-in-law and Sister-in-law would have paid $650 for this routing. Close to $.013 per mile valuation received.