Singapore Airlines hands out 8 months’ bonus following record annual profit

SINGAPORE: Singapore Airways (SIA) workers will earn a bonus of nearly eight months’ wage, following the airline’s file earnings for a 2nd straight 300 and sixty five days.

Screenshots of a presentation by SIA CEO Goh Choon Phong, seen by CNA, indicated that employees would earn 7.94 months’ fee of profit-sharing bonus, the highest in the airline’s historical past.

It exceeds last 300 and sixty five days’s file of 6.65 months in profit-sharing bonus. Eligible employees then additionally got an ex-gratia bonus of up to 1.5 months as a recognition of their efforts for the length of the COVID-19 pandemic.

This 300 and sixty five days’s bumper bonus became additionally reported by Bloomberg, which cited a supply familiar with the subject.

CNA has approached Singapore Airways and its low-cost subsidiary Scuttle for statement.

Scuttle employees last 300 and sixty five days got a efficiency bonus of 4.76 months plus an ex-gratia bonus of up to 1.5 months.

On Wednesday, SIA reported a file profit of S$2.68 billion (US$1.ninety nine billion) for the fiscal 300 and sixty five days ended March 2024, up from S$2.16 billion a 300 and sixty five days in the past.

Singapore’s flag service additionally declared a final dividend of S$0.38 apiece, increased than the S$0.28 a 300 and sixty five days in the past.