Maybe things are slowing down a bit after the "downunder post pandemic boom". I was on SQ last week on a typically popular SYD-SIN Thursday afternoon departure and it was also a light load, maybe 60-70% in business class which was surprising on the A380. And now I read that they are planning on adding a 5th daily rotation, they must be betting on demand continuing to increase like UA also seem to.
Here´s to hoping fares will be getting more competitive at least.