Singapore Airlines Ltd. aircraft at Changi Airport in Singapore, on Wednesday, March 30, 2022. Starting April 1, Singapore will scrap its so-called vaccinated travel lanes and admit all vaccinated travelers who test negative before entering Singapore by air or sea and they will be exempted from quarantine or testing on arrival. Photographer: Ore Huiying/Bloomberg 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.
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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.