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

SINGAPORE (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.