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

SINGAPORE Airlines (SIA) 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 BT last year.