Business Maverick

Business Maverick

Nice work if you can get it: Singapore Airlines staff get eight months’ salary bonus

Nice work if you can get it: Singapore Airlines staff get eight months’ salary bonus
A flight attendant arranges a premium class seat of a Singapore Airlines Ltd. Airbus SE A380 aircraft with refitted cabins during a media tour at Changi Airport in Singapore, on Thursday, 14 December 2017.

Singapore Airlines will pay staff a bonus of around eight months’ salary after posting a record annual profit, the Business Times newspaper reported.

Eligible staff will be paid a profit-sharing bonus equivalent to 6.65 months’ pay, and a maximum of 1.5 months’ salary of ex-gratia bonus in recognition of their hard work and sacrifices during the pandemic, the newspaper reported, citing a spokesperson for the airline. Senior management won’t receive the bonus, the newspaper said. 

The city-state’s flag carrier on Tuesday reported net income of S$2.16 billion ($1.62-billion) for the year ended March 31, and said forward sales are healthy across all cabin classes, led by bookings to China, Japan and South Korea. 

Read more: Singapore Airlines reports highest profit in 76-year history 

Singapore Airlines and its budget offshoot Scoot carried 26.5 million passengers in the year, six times higher than the 12 months through March 2022, with passenger capacity rising to 79% of pre-Covid levels in March. 

On Monday, Singapore Air said it flew 1.75 million passengers in April, up 53% from the same month last year. Hong Kong rival Cathay Pacific Airways Ltd. has a way to go before it gets to those heights, with last year’s revenue still only about half of pre-pandemic levels. BM/DM

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  • Johan Mynhardt says:

    If one has to fly using Singapore Airlines, a good recommendation is to use location tags in your luggage (such as Apple Airtag or the like). Family lost a suitcase en-route and SA was unable to assist.
    It’s not the only case and other fliers reported the same. There’s a documented instance where the person was able to retrieve only because they had a tag.

    It’s a good idea in general, just in case.

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