Updated January 9th, 2020
I’ve got to say, this month’s reckoning returned some surprisingly nice surprises. After what has felt like years of declining value, American AAdvantage miles are actually worth more than they were last year!
After reckoning this month’s hypothetical basket of award redemptions, we’re assigning an ACRV of 1.67¢ per American AAdvantage mile. This represents a fantastic 23% increase in value.
|Current||Previous Period||$ Change||% Change|
|Intra-US Non-Zero Average||1.31¢||0.83¢||+0.48¢||+58%|
|International Non-Zero Average||3.19¢||2.86¢||+0.33¢||+11%|
One of the best uses of American AAdvantage miles is for flights on Oneworld partner Cathay Pacific. Above, we’ve got a first-class seat available for just 110,000 miles + $80 in fees. The cash price for this flight is over $8,000.
Typically, we see the highest redemption values coming from international premium-cabin award space. However, this time around, it’s economy carrying the ball. Our best for the month was a flight between Dallas(DFW) and London(LHR) offered for just $5.60 in fees + 22,500 miles. The lowest-priced cash alternative was a relatively expensive $2,679, providing a redemption value of 11.88¢ per miles! Just wow.
As is often the case, the best award opportunities exist for the international traveler. This is evidenced by the fact our average redemption was a whopping 141% higher for routes that cross an ocean. In other words, American is great for the global flyer. Those whom prefer to stay closer to home are better served by accumulating Southwest Rapid Rewards.