SINGAPORE: Singapore Airlines (SIA) staff will receive a bonus of almost eight months’ salary, following the airline’s record earnings for a second straight year.

Screenshots of a presentation by SIA CEO Goh Choon Phong, seen by CNA, indicated that employees would receive 7.94 months’ worth of profit-sharing bonus, the highest in the airline’s history.

It exceeds last year’s record of 6.65 months in profit-sharing bonus. Eligible employees then also received an ex-gratia bonus of up to 1.5 months as a recognition of their efforts during the COVID-19 pandemic.

This year’s bumper bonus was also reported by Bloomberg, which cited a source familiar with the matter.

CNA has approached Singapore Airlines and its low-cost subsidiary Scoot for comment.

Scoot employees last year received a performance bonus of 4.76 months plus an ex-gratia bonus of up to 1.5 months.

On Wednesday, SIA reported a record profit of S$2.68 billion (US$1.99 billion) for the fiscal year ended March 2024, up from S$2.16 billion a year ago.

Singapore’s flag carrier also declared a final dividend of S$0.38 apiece, higher than the S$0.28 a year ago.

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