I just noticed looking at flights next week, MH is offering fares for $483 SGD (~$415AUD) return to MEL in economy and $2180 (~$1880) in business. Europe around $3.1k (~$2.7k) return in business. Really not looking good for the future, although I do note ex-AU and ex-KUL fares are substantially higher, closer to what you would expect at this time of the year. I guess they have always struggled for various reasons in the Singapore market, only worsened by recent events.