Singapore Airlines has announced some changes to its KrisFlyer program as of November 1, 2025, and it includes an award chart devaluation. In fairness to Singapore Airlines, the carrier does this every two to three years, and the increases are fairly mild, in the scheme of things.
In this post:
Singapore Airlines KrisFlyer 2025 program changes
The Singapore KrisFlyer program will be adjusting award costs for reservations ticketed as of November 1, 2025. This includes for travel on Singapore Airlines, Star Alliance partners, and other partner airlines. The airline describes this as being part of a periodic review.
There’s nothing here that’s earth shattering, but it’s bad news. Let’s go over all the details.
Award rates on Singapore Airlines increasing
KrisFlyer will be adjusting award redemption rates for travel on Singapore Airlines:
- Here’s the KrisFlyer award chart for bookings through October 31, 2025
- Here’s the KrisFlyer award chart for bookings as of November 1, 2025
I appreciate how unlike other carriers, Singapore Airlines actually describes what’s changing pretty transparently, rather than pretending it’s some positive development “due to member feedback,” or whatever. The airline highlights the following:
- For Saver redemptions, there will be a 5% reduction in economy rates for flights within Asia and South West Pacific (Zones 1 to 9)
- For Saver redemptions, there will be a 5% increase in first and business class rates for flights within Asia and South West Pacific (Zones 1 to 9)
- For Saver redemptions, there will be a 5% increase across classes for flights to and from Europe and the United States (Zones 11 to 13)
- For Saver redemptions, there will be a 10-20% increase across classes for flights to and from Africa, the Middle East, and Turkey (Zone 10)
- For Advantage redemptions, there will be a 10-15% increase across classes and zones; the only exception is Zone 10, where economy rates will increase by 5%, business class rates will increase by 18%, and first class rates will increase by 15%
Award rates on Star Alliance partners increasing
KrisFlyer will be adjusting award redemption rates for travel on Star Alliance partner airlines:
- Here’s the KrisFlyer Star Alliance award chart for bookings through October 31, 2025
- Here’s the KrisFlyer Star Alliance award chart for bookings as of November 1, 2025
The award cost increases largely follow those for travel on Singapore Airlines, and you can expect that on average, award costs are increasing around 10%. Singapore KrisFlyer has never been that lucrative of a program for partner awards, so I don’t view this as that huge of a loss.
For example, for one-way awards within North America:
- Before the devaluation you’d pay 14,000 miles for economy and 26,000 miles for business class
- After the devaluation you’d pay 15,000 miles for economy and 29,000 miles for business class
Upgrade rates on Singapore Airlines increasing
KrisFlyer will be adjusting upgrade redemption rates for travel on Singapore Airlines:
- Here’s the KrisFlyer upgrade chart for bookings through October 31, 2025
- Here’s the KrisFlyer upgrade chart for bookings as of November 1, 2025
Upgrade costs are increasing an average of around 5-10%. In general I consider it a much better value to outright book an award ticket than to upgrade, so I find this to be less significant than the increase in outright redemption rates.
KrisFlyer adds dynamic “Access” redemptions
Beyond the changes to fixed award costs, KrisFlyer is also rolling out “Access” redemptions. This provides an added option to use KrisFlyer miles to pay and secure confirmed Singapore Airlines flight tickets, for situations where there’s not award availability.
As you’d expect, pricing will be dynamic, so it will differ based on demand, and may vary throughout the year. The airline is emphasizing that this is just an additional option, and doesn’t replace existing award options. We don’t yet know what pricing will be like, so we’ll find out in the coming weeks.
My take on Singapore KrisFlyer program changes
Singapore Airlines primarily makes long haul premium cabin award seats available to members of its own KrisFlyer program. This means that if you want to fly Singapore Airlines in a long haul premium cabin, you have to book through KrisFlyer, rather than through a partner program.
The good news is that Singapore KrisFlyer is transfer partners with major programs, including Amex Membership Rewards, Capital One, Chase Ultimate Rewards, and Citi ThankYou, so there are lots of easy ways to earn points that can be redeemed for these flights.
Obviously this devaluation is bad news, no matter how you slice it. However, at least the airline is pretty consistent? We typically see a devaluation every two to three years, and the increases are typically an average of around 5-15%. Compared to other programs, I’d say that’s a reasonably fair way to go about this.
The introduction of dynamic award pricing is an interesting development, and we’ll have to see how that evolves. I don’t have an issue with that if it’s truly just an added option, given how tough premium cabin Singapore Airlines awards can be to come by. Of course the big question is how this situation evolves in the long run. 
Bottom line
The Singapore KrisFlyer program is devaluing as of November 2025. Award costs are increasing an average of somewhere around 5-15% in all cabins for travel on Singapore Airlines and Star Alliance. Furthermore, KrisFlyer will introduce dynamic award pricing for travel on Singapore Airlines, complementing the option to redeem through the fixed award chart.
What do you make of these Singapore KrisFlyer changes?
Don’t doubt the best airlines in the world with the best strategy planning. Unlike emirates and Qatar who is terribly lousy at the services + their rewards program:
It's pretty obvious why they're trying out dynamic award pricing. They want to see whether the return is better than fixed award pricing. They see everyone else doing it and figure it must be lucrative for other airlines, so they'd better keep up. Being SQ, they are also cautious and don't want to rock the boat too much, so they introduce it as a second redemption option - at first. If it's a financial success...
It's pretty obvious why they're trying out dynamic award pricing. They want to see whether the return is better than fixed award pricing. They see everyone else doing it and figure it must be lucrative for other airlines, so they'd better keep up. Being SQ, they are also cautious and don't want to rock the boat too much, so they introduce it as a second redemption option - at first. If it's a financial success for them, they'll eliminate fixed award pricing entirely.
WE NEED MORE ATMOS STORIES!!!! ALASKA IS OUR SAVIOR!!!!
Adolescent.
Ben, to satisfy your critics, can you add how I can book Singapore flights using my Atmos, and compare the pricing?
If someone's income and spending . . . and, thus, point-earning capability . . . increased by 15 or 20 percent over the past 5 years, it's a wash. Sure, no one wants to see point prices increase but our earning capability is likely increasing at the same rate. As are SUBs.
Yeah I feel the same way. Inflation continues in terms of point stocks (I can, with reasonable ease, generate 1,000,000+ points in a year and that was NOT the case 15 years ago) so it follows that programs would inflate as well
Great job resisting in this post to talk about how Atmos' comparatively greatness compared to Krisflyer! ;)
Agree with Jay..enough of Atmos already.
@ tom -- So you're complaining about Atmos Rewards posts in a post that... doesn't mention Atmos Rewards? How about commenting positively on the things you do enjoy, rather than bringing up things that aren't even mentioned?
If you see an Atmos article, just skip over it. If you can't do that, read a different blog. FM has had robust coverage of Atmos -- are you over there complaining as well?