Comment Comment by breser See the Howey Test: https://www.investopedia.com/terms/h/howey-test.aspAirline Miles don't grant you access to a portion of the profits from the airline. They aren't an investment. They are a currency for future travel. parent breser 3 years ago
Airline Miles don't grant you access to a portion of the profits from the airline. They aren't an investment. They are a currency for future travel.