The key to extracting value from airline loyalty programs is not being the one paying for the flights. Many programs now don’t care as much for the number of f

The key to extracting value from airline loyalty programs is not being the one paying for the flights. Many programs now don’t care as much for the number of flight miles as the dollars spent. Business travelers are much less price discriminatory and so airlines get fatter margins. They loyalty programs end up transferring value from your firm to you.