Singapore Airlines dropped some unwelcome news back in late August this year – KrisFlyer miles are being devalued. That means from 1st November 2025, you’ll pay more miles for award tickets and upgrades across all cabins, whether you’re flying Singapore Airlines or using your miles on Star Alliance and partner carriers.

Not everything is getting more expensive: miles needed for Economy Saver awards in Asia and the Southwest Pacific regions will drop by about 5%. However, premium cabin redemptions – where the real value lies for KrisFlyer miles – are increasing across the board.

With only two weeks remaining to lock in awards at current rates for travel up to 355 days out, now is probably the time to start locking in some future awards to avoid the price hike.

This is especially worthwhile if you have travel plans for 2026, which is showing stronger award availability than for the rest of this year, but it actually doesn’t make sense on all routes, as you’ll see.

The devaluation

The devaluation affects nearly all award types, with rates increasing 4% to 20% depending on cabin class and route. The only exception: short-haul Economy Saver awards, which are decreasing slightly, as noted above.

Here’s how the damage looks more specifically, for Saver, Advantage and Star Alliance award redemptions (click to expand).

Saver Awards Devaluation Economy Economy Class Saver Awards Current Rate New Rate Change Zone 2 Malaysia, Indonesia & Brunei 8.5 8   5.9% Zone 3 Philippines, Thailand, Vietnam, Myanmar, Cambodia & Laos 13.5 13   3.7% Zone 4 South China, Hong Kong & Taiwan 16.5 15.5   6.1% Zone 5 Beijing & Shanghai 21.5 20.5   4.7% Zone 6 India, Sri Lanka, Maldives & Bangladesh 20 19   5.0% Zone 7 Japan & South Korea 27 25.5   5.6% Zone 8 Perth & Darwin 21.5 20.5   4.7% Zone 9 Other Australia & New Zealand 30.5 29   4.9% Zone 10 Africa, Middle East & Turkey 29 32   10.3% Zone 11 Europe 42 44   4.8% Zone 12 USA (West Coast) 42 44   4.8% Zone 13 USA (East Coast) 44 46   4.5% Redemption rates are shown in thousands of KrisFlyer miles Premium Economy Premium Economy Saver Awards Current Rate New Rate Change Zone 4 South China, Hong Kong & Taiwan 26.5 28   5.7% Zone 5 Beijing & Shanghai 34.5 36   4.3% Zone 6 India, Sri Lanka, Maldives & Bangladesh 34.5 36   4.3% Zone 7 Japan & South Korea 37.5 39.5   5.3% Zone 9 Other Australia & New Zealand 51 53.5   4.9% Zone 10 Africa, Middle East & Turkey 43 51.5   19.8% Zone 11 Europe 71 74.5   4.9% Zone 12 USA (West Coast) 75 79   5.3% Zone 13 USA (East Coast) 80.5 84.5   5.0% Redemption rates are shown in thousands of KrisFlyer miles Business Class Business Class Saver Awards Current Rate New Rate Change Zone 2 Malaysia, Indonesia & Brunei 21 22   4.8% Zone 3 Philippines, Thailand, Vietnam, Myanmar, Cambodia & Laos 24 25   4.2% Zone 4 South China, Hong Kong & Taiwan 34 35.5   4.4% Zone 5 Beijing & Shanghai 43 45   4.7% Zone 6 India, Sri Lanka, Maldives & Bangladesh 43 45   4.7% Zone 7 Japan & South Korea 52 54.5   4.8% Zone 8 Perth & Darwin 40.5 42.5   4.9% Zone 9 Other Australia & New Zealand 68.5 72   5.1% Zone 10 Africa, Middle East & Turkey 56.5 68   20.4% Zone 11 Europe 103.5 108.5   4.8% Zone 12 USA (West Coast) 107 112.5   5.1% Zone 13 USA (East Coast) 111.5 117   4.9% Redemption rates are shown in thousands of KrisFlyer miles First Class & Suites First Class & Suites Saver Awards Current Rate New Rate Change Zone 2 Malaysia, Indonesia & Brunei 30.5 32   4.9% Zone 3 Philippines, Thailand, Vietnam, Myanmar, Cambodia & Laos 36 38   5.6% Zone 4 South China, Hong Kong & Taiwan 45 47.5   5.6% Zone 5 Beijing & Shanghai 58.5 61.5   5.1% Zone 6 India, Sri Lanka, Maldives & Bangladesh 58.5 61.5   5.1% Zone 7 Japan & South Korea 77 81   5.2% Zone 8 Perth & Darwin 57.5 60.5   5.2% Zone 9 Other Australia & New Zealand 93.5 98   4.8% Zone 10 Africa, Middle East & Turkey 86.5 95   9.8% Zone 11 Europe 141 148   5.0% Zone 12 USA (West Coast) 146.5 154   5.1% Zone 13 USA (East Coast) 148.5 156   5.1% Redemption rates are shown in thousands of KrisFlyer miles

Advantage Awards Devaluation Economy Economy Class Advantage Awards Current Rate New Rate Change Zone 2 Malaysia, Indonesia & Brunei 15 16.5   10.0% Zone 3 Philippines, Thailand, Vietnam, Myanmar, Cambodia & Laos 25 27.5   10.0% Zone 4 South China, Hong Kong & Taiwan 30 33   10.0% Zone 5 Beijing & Shanghai 40 44   10.0% Zone 6 India, Sri Lanka, Maldives & Bangladesh 37 40.5   9.5% Zone 7 Japan & South Korea 45 49.5   10.0% Zone 8 Perth & Darwin 37 40.5   9.5% Zone 9 Other Australia & New Zealand 55 60.5   10.0% Zone 10 Africa, Middle East & Turkey 63.5 66.5   4.7% Zone 11 Europe 70 79   12.9% Zone 12 USA (West Coast) 70 79   12.9% Zone 13 USA (East Coast) 75 84.5   12.7% Redemption rates are shown in thousands of KrisFlyer miles Business Class Business Class Advantage Awards Current Rate New Rate Change Zone 2 Malaysia, Indonesia & Brunei 35 40.5   15.7% Zone 3 Philippines, Thailand, Vietnam, Myanmar, Cambodia & Laos 40 46   15.0% Zone 4 South China, Hong Kong & Taiwan 50 57.5   15.0% Zone 5 Beijing & Shanghai 65 75   15.4% Zone 6 India, Sri Lanka, Maldives & Bangladesh 65 75   15.4% Zone 7 Japan & South Korea 70 80.5   15.0% Zone 8 Perth & Darwin 65 75   15.4% Zone 9 Other Australia & New Zealand 90 103.5   15.0% Zone 10 Africa, Middle East & Turkey 103.5 122   17.9% Zone 11 Europe 123 141.5   15.0% Zone 12 USA (West Coast) 128.5 148   15.2% Zone 13 USA (East Coast) 143.5 165   15.0% Redemption rates are shown in thousands of KrisFlyer miles First Class & Suites First Class & Suites Advantage Awards Current Rate New Rate Change Zone 2 Malaysia, Indonesia & Brunei 52.5 60.5   15.2% Zone 3 Philippines, Thailand, Vietnam, Myanmar, Cambodia & Laos 62.5 72   15.2% Zone 4 South China, Hong Kong & Taiwan 73 84   15.1% Zone 5 Beijing & Shanghai 98 112.5   14.8% Zone 6 India, Sri Lanka, Maldives & Bangladesh 98 112.5   14.8% Zone 7 Japan & South Korea 120 138   15.0% Zone 8 Perth & Darwin 99.5 114.5   15.1% Zone 9 Other Australia & New Zealand 155 178.5   15.2% Zone 10 Africa, Middle East & Turkey 148.5 171   15.2% Zone 11 Europe 225.5 259.5   15.1% Zone 12 USA (West Coast) 228 262   14.9% Zone 13 USA (East Coast) 243 279.5   15.0% Redemption rates are shown in thousands of KrisFlyer miles

Star Alliance Awards Devaluation Economy Economy Class Star Alliance Awards (one-way, in thousands of miles) Singapore to / from Current Rate New Rate Change Southeast Asia 1 8.5 9   5.9% Southeast Asia 2 13.5 14.5   7.4% North Asia 1 16.5 17.5   6.1% North Asia 2 27 28.5   5.6% Central & South Asia 27 28.5   5.6% Southwest Pacific 35 37   5.7% Middle East, North Africa 40.5 43   6.2% Central & South Africa 43.5 46   5.7% Europe 49.5 52   5.1% North America, Hawaii, Central America 60.5 64   5.8% South America 74.5 78.5   5.4% Business Class Business Class Star Alliance Awards (one-way, in thousands of miles) Singapore to / from Current Rate New Rate Change Southeast Asia 1 21 23.5   11.9% Southeast Asia 2 24 26.5   10.4% North Asia 1 46 51   10.9% North Asia 2 52.5 58   10.5% Central & South Asia 52 57.5   10.6% Southwest Pacific 81.5 90   10.4% Middle East, North Africa 82 90.5   10.4% Central & South Africa 69 76   10.1% Europe 103.5 114   10.1% North America, Hawaii, Central America 119 131   10.1% South America 134 147.5   10.1% First Class First Class Star Alliance Awards (one-way, in thousands of miles) Singapore to / from Current Rate New Rate Change Southeast Asia 1 30.5 34   11.5% Southeast Asia 2 36 40   11.1% North Asia 1 57 63   10.5% North Asia 2 77 85   10.4% Central & South Asia 73.5 81   10.2% Southwest Pacific 108 119   10.2% Middle East, North Africa 105 115.5   10.0% Central & South Africa 93 102.5   10.2% Europe 158.5 174.5   10.1% North America, Hawaii, Central America 167.5 184.5   10.1% South America 170.5 188   10.3%

Upgrade awards are also taking a hit, though these were rarely good value in the first place, even at current rates.

You can check out our more detailed analysis of the award rate changes in the following articles.

New award charts

You can compare the award rates on Singapore Airlines, including for zone combinations we haven’t mentioned here, by downloading SIA’s current and future award charts via the following links.

• SIA KrisFlyer redemptions (until 31st October 2025)
• SIA KrisFlyer redemptions (from 1st November 2025)

Here’s the ‘before and after’ for upgrade awards on SIA:

• SIA KrisFlyer upgrade awards (until 31st October 2025)
• SIA KrisFlyer upgrade awards (from 1st November 2025)

Star Alliance redemption charts look like this:

• SIA KrisFlyer Star Alliance awards (until 31st October 2025)
• SIA KrisFlyer Star Alliance awards (from 1st November 2025)

You can also view old and new partner award charts via this page.

Avoiding the increases

Provided you lock in your redemption booking on or before 11.59pm Singapore Time on Friday 31st October 2025, you’ll still be paying the existing award rates, regardless of your travel date.

Remember you can book up to 355 days before departure, with Singapore Airlines adding a ‘fresh day’ of availability each morning at midnight GMT (which is 8am Singapore Time), with the exception of departures from the USA which are loaded up in the afternoon.

Our full article on this topic has all the details.

That means from the morning of Friday 31st October, your last day of redemption at current rates, you can book travel up to and including Wednesday 21st October 2026 on most SIA routes.

Here’s what you need to know about booking at existing award rates.

For example, you can currently lock in the following Business Class Saver redemption from Singapore to Istanbul and back for two passengers in March next year at the current award rate.

This award will set you back 272,000 miles (46,000 miles more!) if booked from Saturday 1st November 2025 onwards.

Even if this isn’t your perfect date for an Istanbul trip, you will be able to make a US$25 change to a preferred date later and still require no miles top-up, provided award space is available on your new dates.

In the worst case, if you have to abandon the trip, you’ll only be on the hook for KrisFlyer’s US$75 miles redeposit fee per person.

Pro Tip: SIA regards two or more airports which fall under the same IATA city code (e.g. TYO covers both NRT and HND in Tokyo) as the same origin / destination point.

That means if you locked in a redemption booking to or from Tokyo (Narita) because no Tokyo (Haneda) flights were available, and then a Haneda flight comes up on or after 1st November 2025, switching across is only a ‘revalidation’ not a ‘reissue’, so no additional miles will be required.

This strategy also works for London (LGW/LHR), New York (JFK/EWR) and Beijing (PEK/PKX) on the SIA network.

What about waitlist bookings?

If you have a waitlisted award booking, or you now make one, you’ll pay the current award rates, provided the waitlist clears and you proceed to ticket the award on or before 11.59pm Singapore Time on Friday 31st October 2025.

If it clears or is ticketed on or after 1st November 2025, unfortunately the new award rates will apply.

On longer routes like Singapore to Europe, where a Business Saver is increasing in price by 5,000 miles each way (see above), you might want to consider locking in an immediately available award on a date near your intended date of travel.

You can then hope to change it across to your preferred date if award space comes up later, for a US$25 fee.

Which awards are worth locking in?

Not all awards are created equal when it comes to beating the devaluation. Here’s how to prioritise your bookings based on the magnitude of increases, and the likelihood that your plans will actually come to fruition.

High priority: Lock in now

• Zone 10 (Africa, Middle East & Turkey) – Business and First Class
  
  This zone is getting hit hardest by the devaluation. Business Class Saver is jumping from 56,500 to 68,000 miles (11,500 miles or 20% increase).
  
  If you’ve been eyeing Johannesburg, Cape Town, Dubai or Istanbul in premium cabins, this is the time to act. The savings here are substantial enough that even if you need to make a date change or two, you’ll still come out ahead.
• Long-haul Advantage Awards
  
  These are seeing the steepest absolute increases:
  
  Business Class to Europe: +18,500 miles (15% increase)
  Business Class to USA: +19,500 – 21,500 miles (15% increase)
  First Class to Europe: +34,000 miles (15% increase)
  First Class to USA: +34,000 – 36,500 miles (15% increase)
  
  Given that Advantage awards already allow free date changes, there’s virtually no downside to locking these in if you’re reasonably confident about travelling to these destinations within the next year. Even the US$50 refund fee is justified, given the miles you’d save.
  
  For example, a Business Class Advantage round-trip to London currently costs 246,000 miles (123,000 each way). Post-devaluation, it’ll cost 283,000 miles (141,500 each way), a 37,000-mile increase. That’s worth ~S$670 at 1.8 cents per mile, far outweighing the US$50 refund fee if plans change.
  
  Routes like Singapore to London (Suites), Sydney (Suites), or Tokyo (First Class) are notoriously difficult to find Saver space on. If you know you’ll be taking one of these trips, securing an Advantage award now may make sense for some of our readers. Not cheap – but a lot cheaper than it soon will be!

Medium priority: Book now if you’re confident

• Japan & South Korea – Business and First Class
  
  Business Saver increases by 2,500 miles (5%), while First Saver goes up by 4,000 miles (5%). Business Advantage rises by 10,500 miles (15%).
  
  These are popular routes, often with limited award availability. If you’re planning a Japan trip in 2026 and can narrow it down to at least a season (spring cherry blossoms, autumn foliage, etc.), it may be worth booking now.
  
  The savings are meaningful enough to justify the US$25 change fee, if you need to adjust dates later.
• Australia & New Zealand – Business and First Class
  
  Business Saver to Perth/Darwin increases by 2,000 miles, but the rest of Australia and New Zealand goes up by 3,500 miles. First Class sees an increase of 4,500 miles.
  
  Similar to Japan, these are routes where the increases are modest but still worth capturing if you have a reasonable degree of confidence about your travel plans.
• USA and Europe – Business and First Saver
  
  Business Saver to Europe increases by 5,000 miles each way (5%), while USA routes go up 5,500 miles. First Class sees increases of 7,000 – 7,500 miles.
  
  These aren’t huge increases in percentage terms, but given the high base cost, they add up. A return trip to Europe in Business Saver will cost you an extra 10,000 miles post-devaluation.
  
  If you’ve got a trip in mind – even if the exact dates aren’t locked down – consider securing the booking now. The US$25 change fee is a small price to pay to save 10,000+ miles on a return journey.

Low priority: Be careful

• Short-haul Business Saver Awards
  
  Routes like Singapore to Bangkok, Kuala Lumpur, or Hong Kong are increasing by just 1,000 to 1,500 miles in Business Class for a saver award. That’s approximately S$18 to S$27 in value (assuming 1.8 cents per mile).
  
  The problem? Making even a single date change at US$25 (~S$32) will wipe out your miles savings. And if you have to cancel? The US$75 refund fee (~S$97) far exceeds any benefit.
  
  Only book these if you’re absolutely certain about your dates, or if you’re planning multiple trips to the same destination and can afford to be flexible about which booking you ultimately use.
• Short-haul First Class
  
  While First Class to destinations like Jakarta and Hong Kong is a lovely experience, the increase of 1,500 – 2,500 miles probably doesn’t justify speculative bookings, unless you’re very confident about your plans.

No rush

• Scoot bookings
  
  If you’re looking to redeem KrisFlyer miles for Scoot flights via the new fixed-price award chart there is no rush – these rates are not changing on 1st November 2025.
  
  Book when you are ready, but remember – miles used to redeem Scoot awards are always non-refundable.

Don’t book: Wait for better rates

• Economy Saver Awards (Zones 1-9)
  
  These are actually decreasing in cost by about 5% from 1st November 2025. If you’re planning an Economy redemption to anywhere in Asia, Australia, or New Zealand, hold off booking until after the devaluation kicks in.
  
  You’ll save miles and avoid any change or cancellation fees in the meantime, though admittedly you are relying on award space still being available for your preferred dates.
  
  While waiting saves miles, popular routes may have limited Economy Saver space during peak periods. If you need specific dates (e.g. school holidays), especially for the rest of this year, weigh the risk of waiting versus booking now – remember the saving post-1st November is only small.

Using expiring miles? Be careful

If your miles are expiring within the next few months, you should be more conservative about speculative bookings. Once miles are attached to an award ticket, they retain their expiry date “memory”, and that memory can trap you!

After the miles expire, you won’t be able to get a refund – you can only change the date of travel (not the destination). This means you need to be very certain about where you want to go, even if you’re flexible about when.

In this scenario, prioritise high-value, high-certainty redemptions – destinations you know you’ll visit, in cabins that are seeing the biggest increases, where possible. Flexibility is significantly reduced for speculative bookings using near-expiry miles.

The 2025 KrisFlyer devaluation is real, but it’s not severe enough to justify panic-booking everything in sight. Focus your efforts where the savings are most substantial: Zone 10 premium cabins, long-haul Advantage awards, and routes you’re genuinely planning to take for the rest of this year and in 2026. For these redemptions, locking in current rates now makes clear sense.

However, don’t let FOMO drive poor decisions.

Short-haul Business Saver awards often aren’t worth the change and cancellation fees you’ll likely incur, unless your travel plans are definitely fixed. Economy Saver awards to Asia and Oceania are actually getting cheaper, so waiting is the smarter move, and if you’re using miles that expire soon, be extremely selective – you’ll lose the flexibility to change destinations if plans fall through once the miles are marked as ‘expired’.

Remember, you have until 11.59pm Singapore Time on 31st October 2025 to book at current rates for travel through to 21st October 2026. Use this window wisely, but use it strategically. The goal isn’t to lock in the maximum number of awards – it’s to lock in the awards you’re most likely to actually use, ideally where savings also outweigh possible change and cancellation fees.

(Cover Photo: Agent Wolf / Shutterstock)