Singapore Airlines KrisFlyer is a pretty useful frequent flyer program.
This is partly because Singapore Airlines restricts most of their premium cabin award space to members of their own KrisFlyer program, and also because KrisFlyer is transfer partners with all four major transferable points currencies, meaning that their miles are pretty easy to come by.
Well, if you’re looking to redeem for travel on Singapore Airlines or Silk Air, their redemption rates are increasing soon.
Singapore KrisFlyer has just announced an award chart devaluation for bookings as of January 24, 2019, meaning they’re giving about three weeks notice of these changes. Here are the current and future charts:
As of now there are no changes to their Star Alliance redemption rates (KrisFlyer increased Star Alliance redemption rates in December 2017).
KrisFlyer’s last devaluation for redemptions on Singapore Airlines was in March 2017. At that point they significantly raised redemption rates, though they also eliminated carrier imposed surcharges for redemptions on their own flights, so that was a bright spot.
For the most part it looks like economy redemption rates are staying the same, while first and business class rates are increasing in many markets.
For example, looking at one-way saver travel between the US West Coast and Singapore:
- Business class increases from 88,000 miles to 95,000 miles
- First class increases from 118,000 miles to 130,000 miles
Singapore Airlines business class redemption rates are increasing mildly
For one-way saver travel between the US East Coast and Singapore:
- Business class increases from 92,000 miles to 99,000 miles
- First class increases from 120,000 miles to 132,000 miles
For one-way saver travel between San Francisco and Hong Kong:
- Business class increases from 82,000 miles to 89,000 miles
- First class increases from 92,000 miles to 104,000 miles
For one-way saver travel between the US and Europe (either Houston to Manchester or New York to Frankfurt):
- Business class increases from 65,000 miles to 72,000 miles
- First class increases from 76,000 miles to 86,000 miles
Redemption rates in Singapore Airlines first class are increasing mildly as well
So as you can see, the increases are often 7,000 miles one-way in business class, and 10,000-12,000 miles one-way in first class. That’s not a crazy devaluation, though it’s still significant, and of course no one likes award prices going up. Their pricing was already on the high end of what I consider reasonable, and now it will be even higher.
I’m just giving a few examples above, but it looks like redemption rate increases are similar in other markets as well.
It goes without saying that these award price increases are a negative development, though at least the increases aren’t life-changing. Rather we’re seeing economy award prices mostly stay the same, and some significant (but not outrageous) increases in business and first class redemption rates.
What do you make of this KrisFlyer devaluation?
(Tip of the hat to DanielT)