Flying free
In 2011 it was estimated that the number of unredeemed frequent flyer miles in travel-loyalty programs worldwide was 23.8 trillion. In 2004 the Economist calculated that the total stock of unredeemed frequent-flyer miles was worth more than all the dollar bills in circulation around the globe. (http://bit.ly/1bpCXc1, http://econ.st/1xe8cAi)
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This week’s theme: Loyalty