The fascinating aspect of all these kind of payouts is that - they could the staff a 10% bonus and not notice it. Yet their built in 'have the piggest pile of cash' always wins.
Example from this time last year:
Singapore Airlines [CNN]
Hong Kong/New Delhi
CNN
—
Singapore Airlines is setting the bar high when it comes to bonus payouts.
The carrier will reward its employees with a bonus worth nearly eight months of salary, a person familiar with the matter told CNN on Friday. The person asked not to be named because the information was not intended to be made public.
Singapore Airlines did not respond to a request for comment.
On Wednesday, the company reported a record annual net profit of $1.98 billion in the 2023 to 2024 fiscal year.
“The demand for air travel remained buoyant” throughout the year boosted by a rebound in North Asia as China, Hong Kong, Japan and Taiwan fully reopened their borders after the pandemic, the airline said in its earnings statement.