While certain economy class routes will have a reduction in rates, most cabin classes and routes will have increases ranging from 5% to 20%
[SINGAPORE] Singapore Airlines (SIA) on Monday (Aug 25) announced a hike in its KrisFlyer redemption rates across most route and cabin classes – the first adjustment since 2022.
It follows an improved KrisFlyer redemption scheme for Scoot that was dubbed a “win-win” for SIA Group by analysts.
From Nov 1, Saver award rates will increase by 5 per cent across all cabin classes for flights to and from Europe and the US. Business, First and Suites class redemption rates for flights within Asia and South West Pacific will also rise by 5 per cent, though Economy Saver rates will drop 5 per cent for these routes.
For flights to and from Africa, the Middle East, and Turkey in Zone 10, Saver rates will rise by 10 to 20 per cent for all cabin classes.
Advantage award rates will also increase. Redemption across all travel zones and cabin classes, except for Zone 10, will be 10 to 15 per cent higher. For Zone 10, rates will rise by 5, 18 and 15 per cent for economy, business and first class, respectively.
The carrier also announced the introduction of “Access”, a new redemption option that provides members with the flexibility to secure confirmed seats on their preferred flights using KrisFlyer miles. These redemption seats will be offered in addition to the award seats, said the airline.
SIA also said KrisFlyer members can earn status credits through non-flight spending with Kris+, KrisShop and Pelago from Sep 1. These credits will count towards PPS Club or KrisFlyer Elite status qualification or renewal.
PPS Club members will earn 1 PPS Value for every S$3 spent, while KrisFlyer members will earn 1 Elite mile for every S$1 spent.
SIA reported a 58.8 per cent drop in net profit, though it posted a 6.2 per cent increase in passenger traffic for July.
Share with us your feedback on BT’s products and services
