Miles probably cost them 1c each. They are worth about 1.5c when you want to use them.
It’s become a bit of a scam, as there are billions of miles on the books as a libility to the airlines, that they have collected payment for, but they aren’t very easy to use to popular destinations. Another GREAT example of marketing with the average comsumer being fooled.
1,000 miles is worth about $15 IMO, but you need 20-25K minimum before you can even consider using them for anything worthwhile.
Read the fine print, you probably pay dearly in the long run, but there are consumers that will fall for it.
