Singapore Airlines staff to get nearly 8 months of bonus after record profit
- CEO Goh Choon Phong announced a profit-sharing bonus of 7.94 months for employees, including pilots
- The company posted a record annual profit of US$1.99 billion amid strong travel demand
Singapore Airlines Ltd. staff, including pilots, may get a profit-sharing bonus of 7.94 months, the Straits Times reported, citing an announcement it had seen from chief executive officer Goh Choon Phong.
This compares with the 6.65 months of bonus that most of the airline’s staff received last year, with some getting an extra 1.5 months for their work during the Covid-19 pandemic, the local newspaper reported on Thursday.
Singapore Airlines declined to comment.
The airline said that near-term demand for flights remains healthy as robust appetite for travel delivered a record full-year profit that even beat estimates despite a marginally weaker fourth quarter.
The city state’s flag carrier also highlighted strength in cargo demand towards the end of the financial year amid a shift to air freight by various shippers due to security concerns in the Red Sea region.
“Cargo demand strengthened towards the end of FY2023/24 on the back of healthy e-commerce demand, resilient and growing segments such as perishables and concerts,” the company said on Wednesday.
