Airline loyalty programs are a multibillion-dollar business, rewarding frequent fliers and credit card users with free travel, but they can be hard to navigate.

Now, a new global ranking from Point.me of the world’s best airline rewards programs shows which ones provide the most value.

On Wednesday, the travel rewards search platform released its second annual ranking of 59 global airline loyalty programs based on award earnings, redemption, and overall value, with the aim of helping travelers make smarter decisions with their rewards.

For the second year in a row, Air France-KLM’s Flying Blue ranked first globally; followed by American Airlines’ AAdvantage, which jumped from No. 6 to No. 2; and Alaska Airlines Mileage Plan (renamed Atmos Rewards in August), which rose from No. 7 to No.

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