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Poll: How do YOU value “Miles+Co-Pay” Int’l upgrades on AA?
How should miles be valued when using a ‘Miles+Co-Pay’ AA award to upgrade an Economy transatlantic ticket to Business? In the example below, the difference in price for a RT Dallas-Madrid in Economy to Business is $1,098 and from Business to First a shocking $250. In order to upgrade from one class to another, American charges 25,000 miles plus a $350 “co-pay” in each direction.
Question: Is 1.75 cents per mile a valid assumption? If “yes”, I should purchase the Business Class ticket @ $2,559 since the ‘imputed’ cost is much higher @ $3,036. Or in this case considering the Business angle seats on this particular aircraft, I should purchase the $2,809 in First on the 777-200.
I look forward to your expert insight and opinions! Thanks in advance
[USER=1534]@Martinimasher[/USER], I think it’s certainly in the ballpark. As much as people talk about mile values in precise terms, I think valuation is an art as much as a science so your value will differ on what you value your miles at. At those prices I’d certainly look at purchasing business or even first outright if I wanted to upgrade.