SIA announces 8 months bonus

[Byebye Penis]

Singapore Air hands staff eight months salary bonus after record results.
https://www.bloomberg.com/news/arti...ight-months-salary-bonus-after-record-results

 

[syed putra]

Its a glc. What do you expect? Staff benefit comes first before shareholders.

 

[A Singaporean]

CECAs are laughing all the way to the bank. Dumb Sinkies can continue to look for cheap hawker food.

 

[batman1]

When it was insolvent during covid times in 2020 to 2022,How much funds Temasek pumped into SIA ?

 

[cocobobo]

Its a glc. What do you expect? Staff benefit comes first before shareholders.

It's always better to reward staff than shareholders.

 

[orh mee suah]

Eight months bonus in spite of the passengers' objection about the economic class meals?
Not bad.

 

[glockman]

SIA will always be around, it's the pride and joy of sg. Supported fully by the govt, it's a sure bet.

 

[Byebye Penis]

Rather than training Singaporeans, SIA is busy training pilots from Indian in Singapore.

 

[borom]

Eight months bonus in spite of the passengers' objection about the economic class meals?
Not bad.

Now those being served what they labelled as" worst than cookhouse" food knows where the savings have gone to.
I am not sure if it include Scoot, but it seems their reputation for constant delays and not keeping stranded passengers well informed has paid off.
The no blame culture has its rewards

 

[JohnTan]

SINGAPORE: Eligible employees at Singapore Airlines (SIA) could receive around eight months' bonus, following the group’s record earnings, a spokesperson told CNA on Thursday (May 18).

This bumper payment comprises a record-breaking 6.65 months' profit sharing bonus and an ex-gratia bonus of 1.5 months.

“The bonus for SIA employees is based on a long-standing annual profit-sharing bonus formula that has been agreed with our staff unions,” the company’s spokesperson said.

SIA Group on Tuesday reported a record annual profit of S$2.16 billion (US$1.63 billion) for FY 2022/23, reversing three straight years of losses. The earnings also saw the company rebounding from a S$962 million net loss the previous year.

Strong demand for air travel drove revenue, operating profit and passenger load factor, said SIA.

MAXIMUM TOTAL OF 1.5 MONTHS EX-GRATIA BONUS
SIA will award 0.5 months of ex-gratia bonus for each of the last three financial years, or a maximum total of 1.5 months, to eligible employees.

“Senior management will not receive this additional ex-gratia bonus,” the spokesperson said.

An ex-gratia payment refers to payment that is given as a favour rather than due to legal requirements.

This payout is meant to recognise the “dedication, hard work and sacrifices, including pay cuts during the pandemic” of SIA’s employees, as well as the success of the company’s three-year transformation programme that has enhanced its competitiveness and strengthened its foundations for the future.

The group now has around 24,000 employees on its payroll.

https://www.channelnewsasia.com/bus...months-bonus-following-record-profits-3497551

 

[k1976]

Gxgx.... Huat Big big hah

 

[batman1]

Why no dividends to sinkees(shareholders) from Temasek ?

 

[millim6868]

8 mths,lol,the papigs get more,lol

 

[syed putra]

When it was insolvent during covid times in 2020 to 2022,How much funds Temasek pumped into SIA ?

18bil?

 

[Pinkieslut]

Singapore Air hands staff eight months’ salary bonus after record results​

Thu, 18 May 2023 at 1:59 pm SGT

Singapore Airlines Ltd. aircraft at Changi Airport in Singapore, on Wednesday, March 30, 2022. (Ore Huiying/Bloomberg)
By Natalie Choy and Peter Vercoe
(Bloomberg) — Singapore Airlines Ltd. will pay staff a bonus of around eight months salary after posting a record annual profit, the Business Times newspaper reported.
Eligible staff will be paid a profit-sharing bonus equivalent to 6.65 months’ pay, and a maximum of 1.5 months’ salary of ex-gratia bonus in recognition of their hard work and sacrifices during the pandemic, the newspaper reported, citing a spokesperson for the airline. Senior management won’t receive the bonus, the newspaper said.

The city-state’s flag carrier on Tuesday reported net income of S$2.16 billion ($1.62 billion) for the year ended March 31, and said forward sales are healthy across all cabin classes, led by bookings to China, Japan and South Korea.
Singapore Airlines and its budget offshoot Scoot carried 26.5 million passengers in the year, six times higher than the 12 months through March 2022, with passenger capacity rising to 79% of pre-Covid levels in March.

On Monday, Singapore Air said it flew 1.75 million passengers in April, up 53% from the same month last year. Hong Kong rival Cathay Pacific Airways Ltd. has a way to go before it gets to those heights, with last year’s revenue still only about half of pre-pandemic levels.

 

[LexLuthor]

Is this a Vaccination Bonus?

 

[zhihau]

Altogether now!!! HUAT AH!!!

 

[rushifa666]

Bloomberg
Thu, 18 May 2023 at 1:59 pm SGT·1-min read

Singapore Airlines Ltd. aircraft at Changi Airport in Singapore, on Wednesday, March 30, 2022. (Ore Huiying/Bloomberg)
By Natalie Choy and Peter Vercoe
(Bloomberg) — Singapore Airlines Ltd. will pay staff a bonus of around eight months salary after posting a record annual profit, the Business Times newspaper reported.
Eligible staff will be paid a profit-sharing bonus equivalent to 6.65 months’ pay, and a maximum of 1.5 months’ salary of ex-gratia bonus in recognition of their hard work and sacrifices during the pandemic, the newspaper reported, citing a spokesperson for the airline. Senior management won’t receive the bonus, the newspaper said.
The city-state’s flag carrier on Tuesday reported net income of S$2.16 billion ($1.62 billion) for the year ended March 31, and said forward sales are healthy across all cabin classes, led by bookings to China, Japan and South Korea.
Singapore Airlines and its budget offshoot Scoot carried 26.5 million passengers in the year, six times higher than the 12 months through March 2022, with passenger capacity rising to 79% of pre-Covid levels in March.

On Monday, Singapore Air said it flew 1.75 million passengers in April, up 53% from the same month last year. Hong Kong rival Cathay Pacific Airways Ltd. has a way to go before it gets to those heights, with last year’s revenue still only about half of pre-pandemic levels.

 

[rushifa666]

Basic pay is less than 2 k without flight. Those that remain are human scum

 

[winnipegjets]

Future pay will be benchmarked against Air India. Soon SQ will become a subsidiary of Air India. Someone is draining Temasick of our reserves.