What’s the Value of American Airlines AAdvantage Miles? (Calculator)

In the past few years, American Airlines has made a dizzying array of changes to its AAdvantage program. With new rules on how to earn and burn miles, it can be hard to know how much miles are worth now.

The short answer is this: American AAdvantage miles have a value of 1.3 cents each. This is a baseline value, drawn from real-world data on hundreds of main cabin routes, not a maximized value. In other words, you should aim for award redemptions that offer 1.3 cents or more in value from your American miles.

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NerdWallet compared real-world prices to determine that each American mile is worth about 1.3 cents. You can use it as a point of reference when making your own bookings. If you’re getting more than 1.3 cents per mile for a given American redemption, you’re scoring above-average value.

How can you get more value? Start with the basics of redeeming American miles, then look for sweet spots and other optimizations. Generally, you’ll get more value by flying in premium cabins, especially with partner airlines (see “value when booking business class” below).

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Use this calculator to determine how much any number of American AAdvantage miles is worth, based on our valuation. This is useful for comparing the value of an award ticket to the cost of a cash ticket.

American miles offer slightly above-average value compared to other airlines.

» Learn more: How to save on American Airlines flights by redeeming other miles

Digging one level deeper, we can look at how the value of miles varies when used in different time frames. We compared four booking time frames and this is what we found:

Booking far in advance yielded the best value in our analysis. This doesn't mean booking last minute will never offer good redemptions, but it does mean that it may harder to find those high-value redemptions.

A few years ago, AAdvantage miles were worth only about 1 cent apiece. That value has increased significantly since.

American miles can be used to book flights on American, of course, as well as dozens of partner airlines (through AA.com directly, not by transferring to partners). They can also be leveraged to upgrade seats.

Watch out for other redemption options, like renting cars or booking vacation packages. Yes, these technically add versatility to your American miles, but they rarely offer decent value.

» Learn more: The complete guide to American Airlines partners

AAdvantage offers flyers plenty of ways to earn miles via credit card spending:

We analyzed the cash and points prices of 80 flights bookable with American Airlines miles across a range of domestic and international routes. A regular economy fare class was used for all pricing data to be able to compare the valuations of similar Main Cabin-type fares that are bookable with points or miles on other airlines.

Departure dates were selected at 15, 60, 90 and 180 days from the day of the analysis. Return dates were chosen eight days after the departure date. This process allowed us to analyze a wide combination of days of the week and not bias the data towards expensive (i.e. weekend) or cheaper (i.e. midweek) flights. We used the median value of the dataset as the average.

This method differs from others in that it looks at actual redemptions rather than hypothetical, maximized redemptions. The advantage of this approach is that it provides a real-world indication of how much these miles are worth under typical circumstances.