← The Matrix  /  Institutional report

Air Canada Aeroplan

BBB Hold · Execute · Outlook Stable
Composite54.4
Median (net)4.09¢
Range P25–P753.6–4.5¢
CoverageHigh

Composite build

Value 35%
44
Stability 25%
66
Liquidity 20%
48
Consistency 10%
72
Drag 10%
57

Composite = Value 44×.35 + Stability 66×.25 + Liquidity 48×.20 + Consistency 72×.10 + Drag 57×.10 = 54.4.

Audit trail. Median computed from 286 priced corridors across 25 distinct chart cells (a chart cell = one points price × cabin). Pricing basis: verified. Value source: v5.3 route database — premium long-haul 5.2¢ on 177 routes (weight 70%) · everyday (economy + short-haul) 1.5¢ on 109 routes (weight 30%). Surcharge drag: 6.5%.

The play

East Coast–Europe business held at 60K under the new chart, and the 5K-stopover mini-round-the-world remains the connoisseur's play

Fund it with

4 of 6 bank currencies transfer in — Amex MR 1:1 · Chase UR 1:1 · Capital One 1:1 · Bilt 1:1

Amex 1:1 CapitalOne 1:1 Bilt 1:1

Availability reality

The best partner-award search tool in Star; stopovers added for 5K

Watch

June 2026 increases on 4,000mi+ bands; AC own metal prices dynamically

Best benchmark routes

9.1¢Boston → Casablanca · Business60K pts
8.2¢San Francisco → Auckland · Business75K pts
8.2¢Los Angeles → Sydney · Business75K pts

Funding efficiency

Effective cost. Headline median 5.6¢. Funded on a typical 25% transfer bonus (2×/yr): 7.0¢. Chase and Amex run periodic Aeroplan bonuses.

Sub-index ratings

IndexRatingScoreMedian (net)
MasterBBB 54.44.09¢
Domestic USANR——
InternationalBBB54.84.09¢