Hong Kong/New Delhi
CNN
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Singapore Airways is setting the bar excessive relating to bonus payouts.
The service will reward its staff with a bonus value almost eight months of wage, an individual aware of the matter instructed CNN on Friday. The particular person requested to not be named as a result of the data was not meant to be made public.
Singapore Airways didn’t reply to a request for remark.
On Wednesday, the corporate reported a report annual web revenue of $1.98 billion within the 2023 to 2024 fiscal yr.
“The demand for air journey remained buoyant” all year long boosted by a rebound in North Asia as China, Hong Kong, Japan and Taiwan totally reopened their borders after the pandemic, the airline mentioned in its earnings assertion.
The Singapore flag service was named the world’s best airline final yr, in keeping with the distinguished Skytrax World Airline Awards. That is the fifth time within the 23-year historical past of the awards that the airline has scooped the highest spot.
Goh Choon Phong, the airline’s CEO, mentioned the win was right down to the tireless work of his workforce, who made “many sacrifices to make sure that SIA was prepared for the restoration in air journey. That has allowed us to emerge stronger and fitter from the pandemic.”
It isn’t the one airline that’s giving its workers a beneficiant bonus.
Dubai’s Emirates can pay its workers a bonus equal to twenty weeks’ wage, Reuters reported this week, citing an inside e-mail. The state-owned airline, which additionally posted report full yr revenue, declined to remark.
Nonetheless, the approaching yr may very well be troublesome for the sector, Singapore Airways mentioned in its earnings assertion.
“Geopolitical tensions, macroeconomic uncertainties, inflationary pressures, and provide chain constraints pose challenges for the aviation trade,” it mentioned.