But the value of points is high for most fares and across all fare levels, so most airfare redemptions are a good value. (creditcards.com)
Also, I don't think it makes sense to add in the AA miles earned to take the value of an AA airfare redemption above 1.6 cents. (milevalue.com)
We'll summarize for you: With a few exceptions, airfare redemptions give you by far the best value on your Membership Rewards points. (creditcards.com)