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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

Redeeming Frequent Flier Miles Is Getting Much Easier

By
Michal Addady
Michal Addady
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By
Michal Addady
Michal Addady
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May 11, 2016, 12:47 PM ET
Virgin Australia Operations At Sydney Airport Ahead Of Annual Results
Virgin Australia Holdings Ltd. signage is displayed at the company's check-in area at the domestic terminal of Sydney Airport in Sydney, Australia, on Thursday, Aug. 29, 2013. Virgin will make a net loss in the range of A$95 million to A$110 million when it reports annual results tomorrow, the Brisbane-based carrier forecast Aug. 5. Photographer: Ian Waldie/Bloomberg via Getty ImagesPhoto by Ian Waldie—Bloomberg via Getty Images
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Airlines are making it easier for you to use your frequent flier miles this summer.

According to the Switchfly Reward Seat Availability Survey, which was released on Wednesday in conjunction with consumer-focused IdeaWorks, airlines will be offering their frequent fliers more reward seats. The survey looked at 7,000 flights, both domestic and international between June and October, and found that there were reward seats available on 76.6% of them. That’s the highest it’s been in the seven years that this survey has been conducted.

“I would say it is getting easier, especially if you live outside the United States,” IdeaWorks president Jay Sorensen told CNBC. “I think the airlines have realized that for too long they have been too stingy with rewards on these long-haul routes.” Of the 25 airlines that were surveyed, two of them have reward seats available on 100% of the flights that were looked at—Southwest (LUV) and Air Berlin (AIBEF). Lowest on the list is LATAM Airlines (LFL) at 45%.

 

LATAM is a merged business enterprise that brought together LAN and TAM airlines in 2012. It’s still experiencing a number of changes, which could mean its rewards program isn’t currently its top priority and possibly explaining why it’s so far down on the list.

Such is the case for American Airlines (AAL) as well, which came in 21st on the list with 56.4%, 10.7% down from last year. Despite the decrease in availability, a spokesperson told CNBC that the airline’s AAdvantage redemptions went up by 5% last year.

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