The (somewhat) objective valuation of Virgin Atlantic Flying Club miles is so low it appears to be a joke. Unfortunately, it’s not. This month, we’re placing a value of $0.0004, that’s literally 4/100’s of a cent. In other words, 100,000 of them would be worth $40. While I personally believe they are worth more, we can’t simply adjust our valuation method on the fly to accommodate them.
|Intro-Europe Non-zero Average||0.0000|
|International Non-zero Average||0.0124|
|Overall Non-zero Average||$0.0062|
As we’ve seen with some other European carriers, the value of a Virgin Atlantic Flying Club mile is absolutely eviscerated by lack of award availability. We were able to find a couple options flying from London to New York, and outside of that, on our prescribed dates, there was nothing. Furthermore, the city pairs bookable via their award site leaves a massive amount to be desired. Only flights between the UK and a handful of global hubs are available. Considering they code share with Delta(who is a minority shareholder in the company) and number of smaller regional carriers, we simply don’t see how this passes for acceptable.
Keeping everything said above in mind, there is a small amount of value to be found here. Our best redemption for the month came from a single business class seat being offered for 57,500 miles and $503.17 in fees. The lowest price cash alternative was priced at $1595, giving us a redemption value of $0.019. This taken alone is an accetable redemption value. However, considering its the best we could do, it’s absolutely terrible.