If you are a frequent flyer that collects airline miles, you are probably wondering ‘how much are my miles worth?’ This question is particularly prevalent among flyers, but it varies from person to person. A common misconception is the value of a mile is dependent on what airline your miles affiliates with. Although that may be true, many other factors influence how much your miles are worth, such as, if your flight was international or domestic, economy or business, on a weekday or weekend, and a few other subsidiaries. That’s not to say that it’s clear that some airlines are worth more than others. We have put together a straightforward analysis of what airline miles are advantageous or inflexible for frequent flyers. Our report’s basis is on how much these miles would cost if purchased by a third-party, and the value of your miles when redeeming them in 2018, while factoring in the airlines change and cancellation policies.
In 2018, many airline programs introduced various changes to their airline programs that disfavor the flyer, including higher award prices, increased fees, and more unaccommodating flight change and cancellation policies. However, some airlines adopted new bonus offers to give flyers more opportunities to receive more miles and other rewards. We found that Lufthansa Miles & More, Delta SkyMiles, and Delta SkyMiles from American Express mile programs are not only the most popular but also the most beneficial to frequent flyers.
Below, we have created a useful graphic for all frequent flyers. The graphic displays the value of each mile in terms of how much a miles broker is willing to pay for each mile that belongs to a specific miles program. We created a simple ranking of universal miles and rewards points programs. Each percentage that belongs to each section resembles if the program’s mile value is profitable or insignificant to a miles broker – the higher the percentage that a miles program has, the more valuable the miles are worth. This graphic can help you compare the value of miles that pertain to each miles program.
Marriott, Member Points: 0.45 – 0.55 cents
Jetblue Airways, TrueBlue: 0.70 – 0.85 cents
American Airlines, AAdvantage Program: 0.60- 1.00 cents
Etihad Airways, Etihad Guest: 0.80 – 1.00 cents
Turkish Airlines, Miles & Smiles: 0.80 – 1.05 cents
Delta Airlines, Delta SkyMiles: 0.80 – 1.05 cents
Asia Miles, Asia Miles: 0.1 – 1.10 cents
Singapore Airlines, Singapore Krisflyer: 1.00 – 1.10 cents
Air Canada, Aeroplan: 1.00 – 1.20 cents
Lufthansa, Miles & More: 1.00 – 1.40 cents
Alaska Airlines, Alaska: 1.00 – 1.35 cents
Citibank, Citi ThankYou Points: 1.10 – 1.35 cents
Chase Bank, Chase Ultimate Rewards: 1.10 – 1.25 cents
American Express, American Express Membership Rewards: 1.10 – 1.25 cents
United Airlines, United: 1.00 – 1.15 cents
Emirates, Emirates: 0.80 – 1.05 cents
Air France, Flying Blue: 0.80 – 1.05 cents
Virgin Atlantic, Virgin Atlantic: 0.80 – 1.025 cents
Hyatt, Hyatt: 0.90 – 1.00 cents
Southwest Airlines, Southwest: 0.70 – 0.85 cents
British Airlines, British Airways Avios: 0.60-0.80 cents
Hilton, Hilton: 0.20 – 0.275 cents
Lufthansa’s Miles & More is not only favored among frequent flyers due to its extensive amenities, but also, it has the most valuable miles in the market today.