Singapore devaluing 1/24/19 (biz/first awards increase by ~10%)

Singapore Airlines KrisFlyer is a great loyalty program for those who amass a variety of credit card rewards since they are an Amex transfer partner, Chase transfer partner, Citi transfer partner, and Capital One transfer partner (albeit at a poor rate with Capital One). That makes it easy to put together the miles necessary for a valuable award flight. Unfortunately, those redemptions are about to get a bit more expensive in a couple of weeks as Singapore is increasing award prices on several routes. The changes aren’t all that bad as far as devaluations go, but you’ll want to lock in prices now for future redemptions if you can.

Both first class (A380 suites shown above) and business class awards are increasing in price.

The changes

There are changes between several regions on the award chart. For full changes, see:

Keep in mind that booking travel by January 23rd locks in the current pricing (even if your travel dates are later this year). I’m not certain how you are affected if you have seats waitlisted but not ticketed, though I’d expect you’ll likely be subject to the new pricing if your waitlisted seats do not ticket by January 23rd. More on that below.

Most readers are likely interested in changes affecting travel to/from the US. Here are the changes in one-way business class saver award prices to and from the United States:

  • US West Coast to Singapore increases from 88,000 miles to 95,000 miles
  • San Francisco to Hong Kong increases from 82,000 miles to 89,000 miles
  • US East Coast to Singapore increases from 92,000 miles to 99,000 miles
  • Houston to Manchester or New York to Frankfurt increases from 65,000 miles to 72,000 miles

And here are the changes in one-way first class saver award prices to and from the United States:

  • US West Coast to Singapore increases from 118,000 miles to 130,000 miles
  • San Francisco to Hong Kong increases from 92,000 miles to 104,000 miles
  • US East Coast to Singapore increases from 120,000 miles to 132,000 miles
  • Houston to Manchester or New York to Frankfurt increases from 76,000 miles to 86,000 miles

As you can see, the increases are in the neighborhood of 10% on most of those routes (give or take a bit). That’s neither huge nor insignificant. The bigger issue here for many is that it is the second devaluation we’ve seen in less than two years. While some disagreed with me, I said that Singapore’s last devaluation wasn’t so painful since they also eliminated fuel surcharges (which used to be on the high end of moderate). However, taken together with this latest devaluation, prices are beginning to leave the realm of reasonable, at least in comparison to other options for premium cabin travel options to/from Asia. Note that Singapore also devalued partner awards in December 2017.

Waitlist for less now

If you have miles in your Singapore account, you might want to waitlist an award now while the prices are lower.

For those unfamiliar, Singapore will sometimes allow you to waitlist an award when award space is not available. If the waitlist is available, it will give you the option to waitlist online. See this example:

In order to waitlist a flight, Singapore requires you to have the miles in your account necessary to ticket the flight. However, once you have enough miles to ticket a flight, you can waitlist multiple flights/dates.

For example, saver business class awards from New York to Frankfurt cost 65,000 miles. If you have 65,000 miles in your account, you can waitlist multiple flights. I’m not sure if there is a hard limit as to how many Singapore will allow you to waitlist, but I’ve waitlisted 6 or 7 at a time without an issue. With that award price increasing to 72,000 miles on January 24th, you’ll need 72K miles at that point to waitlist a flight that you could waitlist today with 65K in your account.

If and when the waitlist clears, I imagine you’ll probably need to pay the going rate at that time. For example, if I waitlist a flight on October 20, 2019 and the waitlist clears quickly and I can ticket it by January 23rd, I would pay 65K miles. If I ticket that flight in September, I would expect Singapore will charge 72K miles. However, if I only have 65K miles in my Singapore Airlines account today, it would make more sense to waitlist the flight now rather than needing to transfer additional miles to get on the waitlist later. That only affects a small percentage of KrisFlyer members, but it probably makes sense to waitlist now rather than transfer in more miles lately.

Bottom line

Award price increases are never exciting and I don’t expect any members will be more excited about this one than any other. The good news is that these increases aren’t massive, but taken in context with the devaluation less than 2 years ago, they hurt a bit more. Furthermore, they make Singapore awards less competitive. While Singapore first class is in many ways my favorite premium cabin and it is very easy to put together the miles for an award thanks to so many partners, these price increases make me less excited about redeeming miles with Singapore rather than taking advantage of other transfer partner sweet spots.

H/T: One Mile at a Time

About Nick Reyes

Nick Reyes is a (fairly) regular guy with an animalistic passion for maximizing the value of miles and money to travel the world in comfort and style. There is little in life that he loves more than finding a fantastic deal and helping you shop smarter & harder to achieve your travel dreams.

More articles by Nick Reyes »

Regarding comments: Comments posted at the bottom of Frequent Miler pages and posts are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

4
Leave a Reply

avatar
4 Comment threads
0 Thread replies
3 Followers
 
Most reacted comment
Hottest comment thread
2 Comment authors
Christianrick b Recent comment authors

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of
rick b
Guest
rick b

Singapore is a joke for awards on their own planes. Those prices are outrageous by the standards of most other airlines, and the waitlist system is pointless too, as it has no clear resolution process and you can wait indefinitely and need to commit a transfer of miles now. I pretty much avoid them except when they have award sales for short coach fares around Asia…which can get expensive with cash.

Their Star Alliance chart also has some good spots, otherwise I gave up on them long ago. Their biz class is pretty average and def. not worth 80lk+

Christian
Guest
Christian

I wouldn’t mind the increases so much if SQ would be decent about releasing saver award space in suites to the US. Now there’s bad prices and awful availability. To make matters worse, you have to have all of the miles in your account when even waitlisting, and miles expire regardless of activity, so pretty much a triple whammy.

trackback

[…] Singapore devaluing 1/24/19 (biz/first awards increase by ~10%) – Frequent Miler […]

trackback

[…] Singapore Devaluation January 24, 2019 […]