SIA staff rewarded with nearly 8 months of bonus pay as airline posts record S$2.7 billion profit for FY2024 The annual profit-sharing compensation is based on a long-standing formula that has been agreed with staff unions
SINGAPORE Airlines (SIA) : C6L 0%is said to be rewarding eligible employees with a profit-sharing bonus of 7.94 months for FY2024, following the group’s record earnings, The Business Times has learnt.
This is higher than FY2023’s 6.65 months, which did not include ex-gratia bonus to reward staff for their hard work during the pandemic.
The annual profit-sharing compensation is based on a long-standing formula that has been agreed with staff unions, a spokesperson from the airline told The Business Times last year.
SIA staff rewarded with nearly 8 months of bonus pay as airline posts record S$2.7 billion profit for FY2024 The annual profit-sharing compensation is based on a long-standing formula that has been agreed with staff unions
This message was edited by LONGSTER on 16-May-2024 at 12:34 AM
Singapore Airlines receives significant government support through a SGD48 billion economic stimulus package, including funding for aviation workers and fee relief for airlines. State-backed Temasek Holdings backs Singapore Airlines' efforts to raise new equity and provides a bridge loan facility to support near-term liquidity requirements.
This message was edited by LONGSTER on 16-May-2024 at 11:14 AM
Everyone go sia lo😂 but dont forget about nurse get 100k after 20 years service
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then say not enuff money must up gst 10% This message was edited by LONGSTER on 16-May-2024 at 7:15 PM
Still got 5 years more😂 I believed gst by 2040 Should be 13% A 3 room bto hdb would cost 800k by than
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then say not enuff money must up gst 10% This message was edited by LONGSTER on 16-May-2024 at 7:15 PM
Remember to buy the little red Berry jomkie number this very good omen
My current Mission is keep wining until S_P 斗/close shop use main & sub method unit 1 unit= $20:
Use main bet as base the rest side bet to add on to max win or more Name it Eye jackpot system 南神眼
betting records at
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This message was edited by LONGSTER on 16-May-2024 at 9:43 PM
Singapore Air staff get eight months' salary bonus after record profits
FILE PHOTO: An Airbus A380-800 aircraft of Singapore Airlines takes off from Zurich airport, Switzerland October 16, 2019. REUTERS/Arnd Wiegmann (Arnd Wiegmann / Reuters)
By Katrina Nicholas
(Bloomberg) — Singapore Airlines Ltd. will reward staff with a bonus payout worth almost eight months of salary, according to a person familiar with the matter, after delivering a second consecutive record annual profit.
The payout is in effect higher than Singapore Airlines’ previous year’s earnings high, which resulted in a profit-sharing bonus equivalent to 6.65 months’ pay and a maximum of 1.5 months’ salary of ex-gratia bonus related to the pandemic.
Singapore Airlines declined to comment.
The city-state carrier delivered a record S$2.67 billion ($1.98 billion) annual profit in the fiscal 2023-2024 year, 24% higher than the year prior, according to an exchange filing Wednesday. The airline said near-term demand for flights remains healthy as robust appetite for travel and a buoyant cargo sector worked to offset competitive pressures, higher costs, geopolitical tensions and economic uncertainty.
Singapore Airlines benefited from a faster reopening and rebuild compared to many of its peers after Covid restrictions were lifted. Monthly passenger volumes were around 97% of pre-pandemic levels in March.
The windfall for Singapore Airlines’ staff mirrors the experience of employees at Emirates, which is reportedly handing workers five months of bonus after notching up a record annual profit of $5.1 billion. The Gulf carrier also paid out a similar amount last year.
Shares in Singapore Airlines rose 0.4% on Thursday, bringing gains this year to 4.3%.
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My current Mission is keep wining until S_P 斗/close shop use main & sub method unit 1 unit= $20:
Use main bet as base the rest side bet to add on to max win or more Name it Eye jackpot system 南神眼
betting records at
http://forums.asianbookie.com/viewmessages.cfm?Forum=45&Topic=2112557
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15-May 2024 Wednesday
11:47 PM (38 days ago)
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quote originally posted by LONGSTER:
16-May 2024 Thursday
1:55 AM (38 days ago)
Singapore Airlines receives significant government support through a SGD48 billion economic stimulus package, including funding for aviation workers and fee relief for airlines.
quote originally posted by seelangui:
quote originally posted by seelangui: