Lufthansa Miles - How to measure the value of a mile

Discussion in 'Miles & More | Lufthansa, SWISS, Austrian/Partners' started by LFCorsten, Feb 6, 2011.  |  Print Topic

  1. LFCorsten
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    LFCorsten Silver Member

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    How do you calculate the value of one mile? 1cent 2 cent 3 cent What is the value in your eyes?
     
  2. Fredrik
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    Fredrik Silver Member

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    The real value is in the opportunity to fly somewhere I don't really afford or in a class of travel I don't really afford. I don't think it's as easy as saying that the value of miles are equal to the ticket price of a normal ticket on the same flight divided by the number of miles used.
     
  3. LFCorsten
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    LFCorsten Silver Member

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    that would be betraying yourself
     
  4. cockpitvisit
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    cockpitvisit Gold Member

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    I compare the money I would pay for something with the cost in miles.

    E.g. I would pay 1400EUR for a semiflex C trip to the USA (no mileage accrued) and occasionally I do need such tickets. With miles, it costs 105k Miles plus ~300EUR in taxes. So the value of the mile for me is (1400-300)/105000 == 1.04ct.

    Obviously, if you would be prepared to pay twice as much for such a ticket, the value of the miles for you would increase too.

    So your miles are as expensive (or cheap) as you are.
     
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  5. Rambuster
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    I value my miles at €0.01 per mile.
     
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  6. LFCorsten
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    LFCorsten Silver Member

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    without taking in consideration: How earned?
     
  7. Rambuster
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    By flying...
     
  8. LFCorsten
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    ok. made with the cc they are anyhow for free. without Überweisungsservice.
     
  9. Rambuster
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    I don't even have a M&M CC....
     
  10. LFCorsten
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    Why not? It is free for SEN / HON.
     
  11. Rambuster
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    I don't see a value in it. Just because something is free, it's no reason to take it.
     
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  12. kiwi
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    kiwi Gold Member

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    Not every SEN/HON has access to them.
     
  13. LFCorsten
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    Why not? it is possible to take it as "prepaid".
     
  14. kiwi
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    kiwi Gold Member

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    Not based in a country that offers them.
     
  15. LFCorsten
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    LFCorsten Silver Member

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    the german one you can without a problem
     
  16. ralfkrippner
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    I would value a bonus mile at 1 Euro-Cent and a status mile at 1.5 - 2 Euro-Cent.
     
  17. LFCorsten
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    I have never thought about comparing the miles with money.
     
  18. I would also evaluate the value of miles based on what you get for them rather than what you paid for them. Miles act differently than money in a bank-account...

    The approach would be "how much (or little) should I pay for a mile to break even given my way of consuming miles".

    I would need to think a bit more before I know my own numbers...
     
  19. sithlord
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    sithlord Silver Member

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    Value of a mile is different based on the person. For me its up to 2 cents earning and 4 cents on up when burning.
     
  20. Rambuster
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    Why did you start this thread then?
     
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  21. LFCorsten
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    To know what others like you think.
     
  22. Rambuster
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    I hope our answers enlighten you in this case.
     
  23. LFCorsten
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    Your doubt is not necessary.
     
  24. Rambuster
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    Where am I doubting it?
     
  25. LFCorsten
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    your post 22 implies it, but to be honest beck to the question. [​IMG]
     

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