Is this the end of FF Miles?

Just read this on ITV teletext.

Link to story.

Could this spell the end of the FF programme for the majority?

Nigel.






Edit by mod to shorten link....... Nick

[preiffer]

Not necessarily. A few airlines have already sold off their FFP's.

Air Canada for example, a) sold off Aeroplan to become a new company in its own right and b) made a fortune in the 'sale'. Aeroplan now appears to be a very profitable enterprise indeed...

Originally posted by gnjb
Just read this on ITV teletext.

http://www.teletext.co.uk/news/national ... reat'.aspx

Could this spell the end of the FF programme for the majority?

Nigel.

I remember a colleague of mine telling me years ago that in Oz his FF miles were a taxable commodity. As soon as you do that, the secondary taxation bandwagon hits town. And the accountants win every time. Damn. Should've been an accountant.

H

Originally posted by Howard Long

Originally posted by gnjb
Just read this on ITV teletext.

http://www.teletext.co.uk/news/national ... reat'.aspx

Could this spell the end of the FF programme for the majority?

Nigel.

I remember a colleague of mine telling me years ago that in Oz his FF miles were a taxable commodity. As soon as you do that, the secondary taxation bandwagon hits town. And the accountants win every time. Damn. Should've been an accountant.

I do wonder about that as I earn a good few miles / hotel points / clubcard points on my business spend which are effectively tax free. Not that I'm complaining, you understand.

I presume they'd have to either (a) tar all loyalty schemes with the same tax brush or (b) have to ask for a split into business / private spend. Neither of these would be popular (mmm..that's not stopped them yet...) and both would be expensive to manage.

Paul

I hope I am not scuppered by loosing the miles I am slowly but surely building!