Eligible staff will be paid a profit-sharing bonus in recognition of their hard work and sacrifices during the pandemic.
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, a spokesperson for the airline said. Senior management will not receive that additional ex gratia bonus.
“The bonus for Singapore Airlines’ employees is based on a long-standing annual profit-sharing bonus formula that has been agreed with our staff unions,” the spokesperson said.
SIA Group on Tuesday reported a record annual profit of S$2.16 billion (US$1.63 billion) for FY 2022/23, reversing three straight years of losses. The earnings also saw the company rebounding from a S$962 million net loss the previous year.
Strong demand for air travel drove revenue, operating profit and passenger load factor, said SIA.
The group now has around 24,000 employees on its payroll.
