whatsapp

Singapore Airlines Staff to Receive Nearly Eight Months’ Bonus

  • 0
  • 87
/media/GTN_3.webp © Image Copyrights Title

Singapore Airlines (SIA) will reward its employees with a profit-sharing bonus equal to 7.45 months’ salary, following another strong financial year. While generous, this is slightly below the 7.94-month bonus awarded last year.

The airline reported net income of S$2.78 billion ($2.1 billion) for the fiscal year, outperforming analyst expectations. However, the company cautioned about the year ahead, citing economic uncertainty, trade tensions, and rising tariffs.

Chief Executive Officer Goh Choon Phong announced the bonus on Friday, highlighting that while the airline remains profitable, its final quarter results were weaker, signaling caution moving forward.

SIA noted that the global aviation sector faces a “challenging operating environment,” and warned that U.S. trade policies under President Donald Trump and geopolitical risks could affect demand for passenger and cargo services.

The announcement comes shortly after Emirates Group said it would award staff a 22-week bonus following its own record-breaking earnings.

Despite economic headwinds, Singapore Airlines' high employee bonus reflects its commitment to recognizing staff contributions and maintaining competitiveness in the global airline industry.

Related Posts
© Japan’s Exports to U.S. Decline Amid Trade Tariffs, Marking First Dip in 2025

Japan’s Exports to U.S. Decline Amid Trade Tariffs, Marking First Dip in 2025

Japan’s exports to the United States have declined for the first time this year, highlighting the early impact of new trade tariffs imposed by U.S. President Donald Trump. According to government data...

  • 56
© Chinese Exporters Shift Focus Away from U.S. Amid Lingering Trade War Fears

Chinese Exporters Shift Focus Away from U.S. Amid Lingering Trade War Fears

China’s exporters are steadily distancing themselves from the United States market, as ongoing trade tensions and high tariffs continue to weigh on business decisions, despite recent signs of temporar...

  • 72
© Bitcoin Investors Turn Cautious as Price Hits $105,000

Bitcoin Investors Turn Cautious as Price Hits $105,000

Bitcoin’s sharp climb over the past month has brought investors to a pause, with growing signs that a short-term correction may be looming. The cryptocurrency surged from around $75,000 to more than $...

  • 100
© China Cuts Benchmark Lending Rates for First Time in Seven Months

China Cuts Benchmark Lending Rates for First Time in Seven Months

China has cut its key lending rates for the first time in seven months, signaling renewed efforts to stimulate economic growth. The People’s Bank of China (PBOC) reduced the one-year loan prime rate f...

  • 95
© UK Driverless Cars Delayed Until 2027, But Uber Says It’s Ready Now

UK Driverless Cars Delayed Until 2027, But Uber Says It’s Ready Now

Uber has said it is ready to launch driverless taxis in the UK immediately — but the UK government has delayed its timeline for approving fully self-driving cars until the second half of 2027....

  • 79
© Nvidia, Cisco, Oracle, and OpenAI Back UAE Stargate AI Data Center Project

Nvidia, Cisco, Oracle, and OpenAI Back UAE Stargate AI Data Center Project

U.S. tech giants Nvidia, Cisco, Oracle, and OpenAI are backing the “UAE Stargate” artificial intelligence data center, a massive AI-focused infrastructure project announced this week in Abu Dhabi, acc...

  • 117
© Taxes for Breathing? Hidden Costs UAE Travellers Should Know While Touring Europe

Taxes for Breathing? Hidden Costs UAE Travellers Should Know While Touring Europe

As UAE residents gear up for their summer getaways, travel experts are raising red flags over a growing financial burden: hidden tourist taxes across popular European destinations....

  • 92
© Walmart CFO Says Prices Could Rise Soon Due to Tariffs

Walmart CFO Says Prices Could Rise Soon Due to Tariffs

Walmart Chief Financial Officer John David Rainey said on Thursday that shoppers may start to see higher prices on some products later this month due to rising tariffs on imported goods....

  • 120
© Trump’s China Tariffs Expected to Stay at 30% Until Late 2025

Trump’s China Tariffs Expected to Stay at 30% Until Late 2025

U.S. President Donald Trump’s tariffs on Chinese imports are expected to remain at 30% until at least the end of 2025, according to a Bloomberg survey of economists and investors. This outlook comes d...

  • 103
© eToro IPO Delivers $530 Million Windfall for Spark Capital

eToro IPO Delivers $530 Million Windfall for Spark Capital

Venture capital firm Spark Capital has realized a gain of approximately $530 million following the initial public offering of eToro Group Ltd., a social trading platform that went public this week wit...

  • 114
Commnets 0
Leave A Comment