Question: AF has a frequent flyer program (also called a loyalty program), Flying Blue, which allows members to acquire miles as they fly on Air France

AF has a frequent flyer program (also called a “loyalty program”), “Flying Blue,”

which allows members to acquire “miles” as they fly on Air France or partner airlines that are redeemable for free flights or other benefits.

a. Does AF treat “Miles” as a separate performance obligation?

b. Does AF report any liability associated with these miles as of December 31, 2019?

c. Is AF’s accounting for its frequent flier program consistent with IFRS 15?

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