<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by dallasflyer:
And we think the pilots are trying to suck the very last breath out of the airlines. The airlines are out of money. The need to lower costs or stop operating. I don't want benefits or incentives to stop, buy I would like the airlines to continue operations. I am not sure that you can have both.
</font>
FF miles are kept on the liability side of the balance sheet at something like .00475 per mile or about half a penny! That means that they hold my roughly 500K on their books at around $2,350.00! That's about 3% of the revenue My company and I spent on airline tickets. Far LESS than the 5% to 10% they used to pay in commissions to travel agents. Don't listen to their media flacks about the cost of frequent flyer programs. read the financials. I don't give a Rats behind what they tell some moron in the media, I look at what they report to the SEC! They are attempting this money grab because they think we have no alternatives, that some perks are better than no perks! Well WRONG AGAIN! Look at it this way.
If you were in busines and could garner a steady revenue stream of 100 to 135 segments for 3% of the revenue value each and every year would you do it?
So in effect the FF Miles are my commissions for being loyal customer. If you were in Sales and your boss wanted to cut your commission rate from 3% to 2.25% would you just stand there and take it? If so I know tons of companies in the office products field that would to have folks like you to overacheive and accept less in compensation. FF miles and perks are my compensation for being away from home and people I care about. I'm going down swinging
"It is better to die on your feet then live on your knees"
BTW I prefer a nice crisp german reisling or piesporter with my cheese thanks for asking!
[This message has been edited by PineyBob (edited 03-12-2003).]