The Value of an Aeroplan Mile



The dollar value of 1 Aeroplan mile is
$0.0120

Dollar value of 1 mile Flexibility of miles Can miles cover taxes and fees?
$0.0120 Medium Yes

Aeroplan is one of the most popular loyalty programs in Canada. Many banks like CIBC, TD and American Express offer a variety of different Aeroplan credit cards; so make sure you do your research because the annual net reward of each card will vary.

Ratehub.ca Recommends:

TD Aeroplan Visa Infinite

  • Earn up to 1.5 points per dollar
  • Welcome bonus of up to 30,000 Aeroplan Miles
  • 50% 1st Year Annual Fee Rebate (Primary Cardholder only) - $60 value

How much are your Aeroplan Points worth?

Before we begin, it is important to note that Aeroplan "Miles" and "Points" are the same and will be used interchangeably.

Aeroplan charges you a fixed number of miles based on the region you’re flying to. Ratehub.ca has created an Aeroplan flight rewards chart outlining the value of an Aeroplan mile if redeemed for a flight in each of the following regions:

Flight Region Miles Required Average Value of a Mile
(RateHub analysis) Dollar value of one Aeroplan mile when flying to this region
Value of Region Strength in comparison to the average dollar value benchmark of $0.0120
Canada & Continental USA Short-haul Canada: Manitoba, Ontario, Quebec, Nunavut (Direct flights between Iqaluit and Ottawa only). USA: Connecticut, Georgia, Illinois, Indiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New Hampshire, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, Tennessee, Virginia, Washington DC, Wisconsin. 15,000 $0.0070 Bad
Canada & Continental USA Long-haul Canada: Saskatchewan, Alberta, British Columbia, Maritimes. USA: South Carolina and South (Florida, Texas, Louisiana, etc.), Kansas and West (Colorado, California, Nevada, etc.). 25,000 $0.0198 Good
Mexico Mexico 40,000 $0.0110 Medium
Caribbean & Central America Antigua, Aruba, Bahamas, Barbados, Belize, Bermuda, Costa Rica, Dominican Republic, El Salvador, Grand Cayman, Grenada, Guadeloupe, Guatemala, Haiti, Honduras, Jamaica, Martinique, Netherland Antilles, Nicaragua, Panama, Puerto Rico, St. Kitts, Saint Lucia, Trinidad and Tobago, Turks & Caicos Islands, US Virgin Islands. 40,000 $0.0123 Medium
Hawaii Big Islands of Hawaii, Kauai, Maui, Oahu. 45,000 $0.0160 Good
Northern South America Colombia, Ecuador (Including the Galapagos Islands), Guyana, Venezuela. 50,000 $0.0142 Good
Southern South America Argentina, Bolivia, Brazil, Chile, Paraguay, Peru, Uruguay. 60,000 $0.0132 Good
Europe 1 Austria, Belgium, Denmark, France, Germany, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Spain (incl. Balearic Islands; excl. Canary Islands), Sweden, Switzerland, United Kingdom. 60,000 $0.0061 Bad
Europe 2 Albania, Armenia, Azerbaijan, Belarus, Bosnia, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Finland, Georgia, Greece, Greenland, Hungary, Iceland, Latvia, Lithuania, Luxembourg, Macedonia, Malta, Moldova, Montenegro, Romania, Russia (Western), Serbia, Slovakia, Slovenia, Turkey, Ukraine. 75,000 $0.0077 Bad
Asia 1 China, Hong Kong, Japan, Macau, North Korea, Singapore, South Korea, Taiwan, Thailand, Vietnam. 75,000 $0.0119 Medium
Middle East & North Africa Algeria, Bahrain, Canary Islands (Spain), Egypt, Iran, Iraq, Israel, Jordan, Kazakhstan, Kyrgyzstan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tajikistan, Tunisia, Turkmenistan, United Arab Emirates, Uzbekistan, Yemen. 80,000 $0.0090 Bad
Australia, New Zealand & South Pacific Australia, Cook Islands, Fiji, French Polynesia, New Caledonia, New Zealand, Norfolk Island, Samoa, Tonga, Vanuatu. 90,000 $0.0215 Good
Asia 2 Brunei, Cambodia, Indonesia, Laos, Malaysia, Micronesia (Incl Guam), Mongolia, Myanmar, Philippines, Russia (Eastern). 90,000 $0.0102 Medium
Indian Subcontinent Afghanistan, Bangladesh, India, Maldives, Nepal, Pakistan, Sri Lanka. 100,000 $0.0093 Bad
East, West & South Africa Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Congo, Chad, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Ivory Coast, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mozambique, Namibia, Nigeria, Republic of Congo, Rwanda, Sao Tome and Principe, Senegal, Seychelles, South Africa, Sudan, Swaziland, Tanzania, Togo, Uganda, Zambia, Zimbabwe. 100,000 $0.0088 Bad
Total Average $0.0120

On average you receive the most value for your Aeroplan miles by flying to the Australia, New Zealand & South Pacific region. The most popular flight region to redeem Aeroplan points for is the Canada & Continental USA long-haul region needing only 25,000 miles which provides outstanding value.


Here is the methodology we used to determine the average value of an Aeroplan mile:

A. Price out each destination three different times per year as follows:

  • Look up the price of a flight between your destinations online through www.kayak.com
  • Log into Aeroplan and search for a similar flight offered through the Aeroplan platform
  • Select a flight and note the Aeroplan points required and taxes and fees charged by Aeroplan
  • Take the price of a flight found online and subtract the taxes that Aeroplan would charge for a comparable flight, to find your net gain
  • Divide your net gain by the total miles required to find the value of an Aeroplan point

B. Complete the above analysis for two other destinations within the flight region

C. Take the average value per mile across the three destinations three times per year

D. Repeat this process for all flight regions


A. Price out Toronto to New York three times per year

The examples below were priced out by Ratehub.ca in June 2014.

Booking 1 month away: Flying Toronto to New York (JFK) in July 2014

Total cost of flight Required to book
$277.05 Price of a flight found on Kayak
$179.41 Taxes, fees and surcharges 15000 miles on Aeroplan
Step 1: Determine the net gain of redeeming your miles
$277.05 flight price $179.41 taxes & fees =
$97.64 net gain
Step 2: Determine the value of your miles
$97.64 net gain ÷ 15000 miles =
$0.007 value

Booking 3 months away: Flying Toronto to New York (JFK) in September 2014

Total cost of flight Required to book
$277.06 Price of a flight found on Kayak
$179.41 Taxes, fees and surcharges 15000 miles on Aeroplan
Step 1: Determine the net gain of redeeming your miles
$277.06 flight price $179.41 taxes & fees =
$97.65 net gain
Step 2: Determine the value of your miles
$97.65 net gain ÷ 15000 miles =
$0.007 value

Booking 6 months away: Flying Toronto to New York (JFK) in late December 2014

Total cost of flight Required to book
$441.00 Price of a flight found on Kayak
$179.41 Taxes, fees and surcharges 15000 miles on Aeroplan
Step 1: Determine the net gain of redeeming your miles
$441.00 flight price $179.41 taxes & fees =
$261.59 net gain
Step 2: Determine the value of your miles
$261.59 net gain ÷ 15000 miles =
$0.017 value

Once you’ve completed the analysis for one destination booking 1 month, 3 months and 6 months away, the next step is to repeat this analysis for three destinations within the same flight region. See our Aeroplan travel chart below as an example.

1 month away 3 months away 6 months away Average
Toronto — NYC (LGA) $0.007 $0.007 $0.017 $0.010
Toronto — Montreal $0.004 $0.004 $0.012 $0.007
Toronto — Ottawa $0.002 $0.002 $0.01 $0.004
Average $0.004 $0.004 $0.013 $0.007

Finally, you must complete the above analysis for all Aeroplan flight regions, which is what Ratehub.ca has done to build the flight chart we published at the top of this page. For an in depth look at how we calculated the average value of an Aeroplan mile, please download this excel spreadsheet.

Overall Flexibilty: Medium

Taxes and fees covered? Consistent value? Transferable to/from other rewards programs?
Yes No Yes
Yes, Aeroplan allows you to pay for taxes and fees with your miles. No, the value of your Aeroplan points change with many factors like flight destination and seasonality. Yes, you can transfer your points with select rewards programs.
More than one airline involved in program? Can the points be used retroactively? Expiration date on points?
Yes No Yes
Yes, in addition to Air Canada, all airlines under the Star Alliance bracket are included. Popular ones include: United Airlines and Lufthansa.

Note: for Market Fare flights, Air Canada is the only airline available.
No, you must use your points at the time of purchase. Yes, if you are inactive on your Aeroplan account for 12 consecutive months, your Aeroplan points will expire.

By supplementing the Fixed Mileage flights with Market Fare flights, the Aeroplan loyalty program becomes more flexible than in previous years. But compared to other rewards programs, where you have the flexibility to shop around on any travel site and simply erase the purchase from your credit card bill using points, it has a lot of room for improvement.

A common complaint for Aeroplan’s Fixed Mileage program is the degree of difficulty getting the flight you want for the dates you want. For each flight, Air Canada reserves a certain number of seats for customers using Aeroplan’s Fixed Mileage flight rewards. If you have a set itinerary, to guarantee a flight on points you would have to book far in advance or during the low season. Also, although they’ve introduced Market Fare flights to mitigate this problem, Market Fare is only eligible for Air Canada operated flights and can sometimes cost you more Aeroplan points.

Aeroplan does have some great benefits though, which we believe contribute to greater flexibility within the Aeroplan rewards program. Here are some features you should know:

  • Multi-city: when redeeming a round-trip flight using Fixed Mileage flight rewards, you can book stopovers and see other cities along the way or book different arrival and departures cities for no additional miles
  • Last minute booking: you can book your ticket up to 2 hours before departure
  • Cancellations or changes: for a fee of $90, you have the ability to change or cancel your flight up to 2 hours before departure without losing your miles

The Aeroplan rewards program isn’t perfect, but when used strategically, it can save you hundreds of dollars in travel costs.

The Aeroplan program now allows you to use your miles to cover taxes, fees and surcharges. If you decide to pay for the taxes without using your points the value of your points will be unaffected (we’ve taken them in to account when determining the value of an Aeroplan mile). However, if you choose to use your Aeroplan miles to cover the cost of the taxes the value of your points may vary.

Best Way to Use Your Aeroplan Miles

The value of your Aeroplan miles depends on what rewards you redeem your Aeroplan miles for. The math to determine the average value of an Aeroplan mile can be seen in the tab “Value of Miles”. Some flights offer you very little value for your miles and if you think you’ll fly in the near future, it’s worth saving your Aeroplan miles for more valuable destinations. In this post we will go over several techniques that can be used to maximize the value of your Aeroplan miles.

Maximization Rules


View Other Points Programs