<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Leona Helmsley:
"The actual monetary value is 2 cents per frequent flyer mile -- reportedly the airline industry average."
IMO, the author lost all credibility with that above statement. I'd love to cash in my miles for 2 cents each.</font>
Depends on how you use them. I just bought two RT BUF-CDG Business Class tix. 80,000 miles each. At 2 cents, that $1600. That's probably in the right ball park for a purchase like that.
Of course, if you buy a first class ticket for LGA-PIT with miles, you're ripping yourself off.