The air carrier received the largest annual profit for all 76 years of operation – 1.62 billion dollars.
Singapore Airlines posted record annual profits and will pay staff a bonus equal to eight months’ salary. This was reported by Bloomberg on May 19.
It was noted that the encouragement of employees will consist of two parts – a bonus, the funds of which are allocated from the company’s income (6.65 monthly salary) and a bonus (1.5 monthly salary) “in recognition of their hard work during of the pandemic. .”
Representatives of top management will not receive this award.
Singapore Airlines explained that staff incentives are calculated according to a formula “on a long-term basis agreed between management and unions.”
The agency clarified that the air carrier’s net income for the fiscal year ended March 31 reached $1.62 billion. Passenger traffic was around 26.5 million people, which is six times higher than the figure for the same period last year.
In the previous fiscal year, transportation continued at a level of 78% of the figures for 2019 (the last year before the start of the coronavirus pandemic).
It was previously reported that German airline Lufthansa will cancel around 34,000 flights for the summer season due to staff shortages.
Source: korrespondent
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