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Message: <blockquote data-quote="Truth Hurts" data-source="post: 28870921" data-attributes="member: 477372"><img src="https://i.imgur.com/xwbX7gx.jpeg" alt="" class="fr-fic fr-dii fr-draggable " style="" />SINGAPORE: Eligible employees at Singapore Airlines (SIA) could receive around eight months' bonus, following the group’s record earnings, a spokesperson told CNA on Thursday (May 18). This bumper payment comprises a record-breaking 6.65 months' profit sharing bonus and an ex-gratia bonus of 1.5 months.“The bonus for SIA employees is based on a long-standing annual profit-sharing bonus formula that has been agreed with our staff unions,” the company’s spokesperson said.SIA Group on Tuesday reported <a href="https://www.channelnewsasia.com/business/sia-group-singapore-airlines-scoot-record-profit-3491971" target="_blank">a record annual profit of S$2.16 billion</a> (US$1.63 billion) for FY 2022/23, reversing three straight years of losses. The earnings also saw the company rebounding from a S$962 million net loss the previous year.Strong demand for air travel drove revenue, operating profit and passenger load factor, said SIA. <h2>MAXIMUM TOTAL OF 1.5 MONTHS EX-GRATIA BONUS</h2>SIA will award 0.5 months of ex-gratia bonus for each of the last three financial years, or a maximum total of 1.5 months, to eligible employees.“Senior management will not receive this additional ex-gratia bonus,” the spokesperson said. <a href="https://www.channelnewsasia.com/business/eligible-sia-staff-get-8-months-bonus-following-record-profits-3497551" target="_blank">https://www.channelnewsasia.com/business/eligible-sia-staff-get-8-months-bonus-following-record-profits-3497551</a></blockquote>

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