COMP NEWS – Singapore Airlines is handing out massive annual bonuses to its employees this year amounting to eight months’ worth of salary.

Employees at Singapore Airlines are set to get a major payout when their annual bonus hits this year.

 

The airline plans to give its employees bonuses that amount to around eight months’ worth of their salaries, according to CNN.

 

It’s been a tumultuous time for the airline industry. Boeing’s safety woes at the start of the year have rocked an industry that lives or dies by consumer confidence. A procession of whistleblowers alleged a culture of rampant corner-cutting, which led to the oversights that caused several plane malfunctions. Even before that, the airline industry in the U.S. suffered turbulence from a lack of capacity, resulting in widespread delays and cancellations during spring and summer’s peak travel season. Most notably, Southwest’s booking system crashed in December 2022 following a winter storm, leading to 16,900 cancellations. The airline was later forced to pay $140 million in fines for the incident.

 

Yet Singapore Airlines seems largely unaffected by the troubles plaguing its industry peers. Earlier this week, the airline reported its best ever financial performance with $1.9 billion in net profits from $14.1 billion in revenues for its fiscal 2024. The company also had a record performance in 2023, which earned employees a similarly lucrative bonus. 

In addition to Singapore Airlines, another luxurious airline is offering fat employee bonuses. Emirates Airlines is doling out 20 weeks’ pay to its employees as an annual bonus this year.

In recent years, Singapore Airlines has become known for its plush aircraft and amenities. Its first-class travel packages include a private suite, akin to a sleeper cabin on a train, that runs around $23,000. Even the less expensive tickets on Singapore Airlines come replete with small comforts like a selection of champagne and comfortable pillows. 

 

Another airline with a reputation for luxurious travel accommodations also had a second consecutive blowout year. Emirates airlines, from the United Arab Emirates, gave its employees a bonus earlier this month worth 20 weeks of pay. Last year, employees received even bigger bonuses that amounted to 24 weeks of pay. 

To read more about Singapore Airlines’ fantastic employee bonuses, click here.

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