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FlyerTalk Forums (https://www.flyertalk.com/forum/index.php)
-   MilesBuzz (https://www.flyertalk.com/forum/milesbuzz-370/)
-   -   Sat next to a milage broker (https://www.flyertalk.com/forum/milesbuzz/512214-sat-next-milage-broker.html)

CandymanJim Jan 31, 2006 10:09 am
Originally Posted by bocastephen
OK...hope this is on topic. My friend, someone I have known for 20 years (we were college classmates) is willing to redeem some of his miles for me to fly to Asia this summer. I obviously want to reimburse him for some value of the miles. What is a good rule of thumb for figuring out how much the free ticket is worth (this is a business class ticket on CX going to SIN) so I can offer a fair and reasonable amount for his trouble. 1.5 cents/mile would yield a price of about 1600. I could buy my own ticket and use my own miles to upgrade for that price. Would 800 be reasonable? I have never done this before, so I have no idea what is fair. I certainly don't want to short change him, and he won't sell the miles through a broker.
I personally see nothing wrong about it, although, for the record, no money changed hands... No one at the airlines will ask any questions anyway...

Jim

gemac Jan 31, 2006 11:09 am
Originally Posted by bocastephen
OK...hope this is on topic. My friend, someone I have known for 20 years (we were college classmates) is willing to redeem some of his miles for me to fly to Asia this summer. I obviously want to reimburse him for some value of the miles. What is a good rule of thumb for figuring out how much the free ticket is worth (this is a business class ticket on CX going to SIN) so I can offer a fair and reasonable amount for his trouble. 1.5 cents/mile would yield a price of about 1600. I could buy my own ticket and use my own miles to upgrade for that price. Would 800 be reasonable? I have never done this before, so I have no idea what is fair. I certainly don't want to short change him, and he won't sell the miles through a broker.
Call a broker and ask how much he would charge for the ticket. Then call back and ask how much he would give for that many miles. Use an average.

Seeksreal Jan 31, 2006 12:31 pm
I have a good friend who has been a mileage broker for many years and only once did he have a problem with a ticket that the airline would not honor. It was with UA and since then he doesn't deal with tickets on UA so I couldn't sell him my miles even if I wanted to.


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