Singapore Airlines paid its CEO Goh Choon Phong SGD7 million (US$5.5 million) in the financial year ending March 31, a 13.5% decreased from the previous year, despite the company’s performance boost in profit and passenger volume.
Goh’s latest compensation package includes a SGD1.5 million salary and SGD3.1 million in bonuses, which both went up, according to
The Business Times.
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An Airbus A350-941 from Singapore Airlines prepares for takeoff on the runway at Barcelona Airport in Barcelona, Spain, on Dec. 2, 2024. Photo by NurPhoto via AFP |
The value of shares awarded to him, however, declined by 46% to SGD2.3 million.
Despite challenges like geopolitical tensions, supply chain issues, and inflation, Singapore Airlines’ chairman, Peter Seah, highlighted the carrier’s strong performance in a letter to shareholders.
The airline reported a 3.9% increase in net profit to SGD2.8 billion and the airline carried a record 39.4 million passengers.
Singapore Airlines maintained a
high profit-sharing bonus for employees
, rewarding eligible staff with a pay worth 7.45 months of salary, according to
Channel News Asia.
This was marginally lower than the 7.94 months’ worth of profit-sharing bonus it issued in the previous year, the highest in the airline’s history.
