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SIA staff rewarded with nearly 8 months of bonus pay as airline posts record S$2.7 billion profit for FY2024

by Riah Marton
in Lifestyle
SIA staff rewarded with nearly 8 months of bonus pay as airline posts record S.7 billion profit for FY2024
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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.

Tags: AirlineBillionBonusFY2024MonthsPayPostsprofitforRecordrewardedS2.7SIAStaff
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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