FlyerTalk Forums - View Single Post - Using EURO income to purchase AA miles as arbitrage?
Old Nov 21, 2007 | 8:20 am
  #2  
trinity_in_texas
 
Join Date: Apr 2006
Location: Fort Worth, Tx
Programs: My views are strictly my own and do not reflect the views of any company.
Posts: 339
Originally Posted by Volvic
Please bear with me but I'd like to share with you the result of my two neurons working togheter and not in competition (my sense of humor is really bad)

Today the USD hit a new record low agains the EUR and the forecast is that the Fed on its meeting on Dec 11th could cut once again the interest rate and a new record low in very near. So expect 1 EUR = 1,5 USD.

What is the matter with AA ? Very simple. It's almost year end and each year you can buy 40K AA for 1000 USD (up to Dec 31th, the processing fee is not present over 25K).

And purchase more in Jan 2007 or later on.

I.e. 40K AA miles for +/- 680 EUR. And for example with 40K miles + tax a EUR based person can fly from home to continental US, have a stop over and going west up to Hawaii. Plus a stop over also in his own old continent.

It's terrible not to get any miles for flying but this one could be an exception.

Attention
Be aware that
your credit card numbers will ensure a lot more seat availability figure that your AA numbers
the purchased AA miles will generate no interest over the year
the TATL UK-US BA flights are excluded from AA redemption
and a bit more.

Do you want me to be really bad ? No problem, please donate from 5 USD to UNICEF (same logic).

Um.....?
trinity_in_texas is offline