← The Matrix  /  Institutional report

Etihad Guest

BB Watch · Outlook Stable
Composite44.2
Median (net)4.78¢
Range P25–P754.7–6.7¢
CoverageHigh

Composite build

Value 35%
53
Stability 25%
50
Liquidity 20%
40
Consistency 10%
50
Drag 10%
0

Composite = Value 53×.35 + Stability 50×.25 + Liquidity 40×.20 + Consistency 50×.10 + Drag 0×.10 = 44.2.

Audit trail. Median computed from 25 priced corridors across 5 distinct chart cells (a chart cell = one points price × cabin). Pricing basis: dynamic. Value source: v5.3 route database — premium long-haul 6.4¢ on 20 routes (weight 70%) · everyday (economy + short-haul) 1.0¢ on 5 routes (weight 30%). Surcharge drag: 17.8%.

The play

~88K business US–AUH as the benchmark; historically strong partner-award pricing worth checking route by route

Fund it with

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

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

Availability reality

Business to Abu Dhabi is steady; flagship First inventory is thin

Watch

Dynamic pricing on own metal is eroding the old chart gems

Best benchmark routes

12.4¢New York → Abu Dhabi · First110K pts
12.4¢Washington → Abu Dhabi · First110K pts
12.4¢Boston → Abu Dhabi · First110K pts

Funding efficiency

Effective cost. Headline median 6.4¢. Funded on a typical 25% transfer bonus (1×/yr): 8.0¢. Infrequent but strong when offered.

Sub-index ratings

IndexRatingScoreMedian (net)
MasterBB 44.24.78¢
Domestic USAnot researched——
InternationalBB44.24.78¢