Surely if the miles were worth $1.22 per mile and you were awarded 10,000 miles, the award would be worth $12,200. I think you might mean it was worth $0.0122, although "Findthebest", based on standard airline fares, miles (or points) for Delta's SkyMiles frequent flyer program are worth approximately the following:
US Economy (low-level award): $0.04
US Economy (high-level award): $0.02
US-Europe Economy (low-level award): $0.03
US-Europe Economy (high-level award): $0.02
1st Class Upgrade (within US): $0.08
The award is very poor. Had you had the same experience departing from a European airport you would have been entitled to €600, plus hotel, meals, etc. That's what happens when you deregulate and provide anti-trust immunity to abusive monopolists like Delta.
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