(z) Frequent flyer programme
T he Company operates a frequent flyer programme called “KrisFlyer” that provides travel awards to programme
members based on accumulated mileage. A portion of passenger revenue attributable to the award of frequent flyer
benefits, estimated based on expected utilisation of these benefits, is deferred until they are utilised. These are included
under deferred revenue on the statement of financial position. Any remaining unutilised benefits are recognised as
revenue upon expiry.