April 13, 2024
Singapore Air staff bonus,record results,8 months' salary,profit-sharing,pandemic sacrifices,senior management excluded,S$2.16 billion net income,strong forward sales

Singapore Airlines Ltd. is set to reward its employees with a generous bonus of approximately eight months’ salary following a record-breaking annual profit, as reported by the Business Times newspaper. The bonus consists of a profit-sharing component, equivalent to 6.65 months’ pay, and a maximum ex-gratia bonus of 1.5 months’ salary, acknowledging the hard work and sacrifices made by the staff during the challenging times of the pandemic. However, senior management will not be eligible for this bonus.

The flag carrier of Singapore disclosed a net income of S$2.16 billion ($1.62 billion) for the fiscal year ending on March 31. Furthermore, the airline highlighted strong forward sales across all cabin classes, particularly driven by bookings to China, Japan, and South Korea.

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