Singapore Airlines has announced a substantial profit-sharing bonus for its staff, with employees set to receive an equivalent of 7.94 months’ salary, first reported by Bloomberg.
This announcement comes after the airline achieved a second consecutive year of record profits, with a net gain of SGD 2.675 billion (RM8.828 billion), a 24% increase from the previous year.
Singapore Airlines (SIA Group) has reported an exceptional financial performance for the fiscal year FY2023/24, recording the highest operating and net profits in the company’s history.
According to Aviation24, the bonus, equivalent to 7.94 months of pay or 32 weeks, is part of a long-standing profit-sharing agreement with the airline’s unions.
It acknowledges the continuous dedication and hard work of Singapore Airlines’ employees.
This is not the first instance of such a reward; last year, employees received a bonus of 6.65 months’ salary along with an additional 1.5 months’ pay as an ex-gratia bonus.
This pattern of generous bonuses highlights the airline’s commitment to appreciating and rewarding its workforce consistently.
