Singapore Airlines gives staff bonus 'worth eight months' salary' after record profits

Many people dream of working for organizations known for their stellar work ethics and employee treatment. Singapore Airlines employees seem to have hit the jackpot, with the airline reportedly awarding bonuses worth nearly eight months' salary. An anonymous insider shared this news with CNN, noting the information wasn't meant for the public. The company posted an impressive net profit of $1.98 billion for the 2023-24 fiscal year.

Air travel demand remained strong as Hong Kong, Japan, and Taiwan fully reopened their borders post-pandemic, according to Singapore Airlines' earnings statement. This isn't the first good news for the airline—they were named the world's best airline in 2023 by Skytrax World Airline Awards, marking the fifth time they've topped the global rankings.

The airline's CEO, Goh Choon Phong, credits the entire staff who worked tirelessly to ensure they handled the increasing demand for air travel properly. He said, "That has allowed us to emerge stronger and fitter from the pandemic." The general aviation sector is seeing a big boom as Singapore Airlines is not the only organization giving employees such a hefty bonus. Dubai's Emirates will also give their staff a bonus that equates to roughly 20 weeks' salary, per Reuters.

It's heartwarming to see companies acknowledge their employees' hard work and dedication. In 2019, Edward St. John, founder and Chairman of St. John Properties, surprised his employees with a life-changing Christmas gift. The commercial real estate firm has seen significant success in the Mid-Atlantic area, crediting their employees' efforts for their achievements.

A press release revealed how the Maryland-based company had finished the challenging task of the development of 20 million square feet in eight states towards the end of 2019. The real estate firm decided to pursue this goal in 2005 and had to overcome many economic problems before they could finish the big project. As a tribute to all the years of work the employees put in, the boss revealed a $10 million bonus for his 198 employees. As per the press release, the company will distribute bonuses that average $50,000 to employees based on their years of service.

An Instagram post shared by the real estate firm showcased how grateful they were to their employees. We get to see the employees brimming with happiness as they receive the magical red envelopes containing their Christmas bonuses. The Chairman said, "To celebrate the achievement of our goal, we wanted to reward our employees in a big way that would make a significant impact on their lives. I am thankful for every one of our employees for their hard work and dedication. I couldn't think of a better way to show it."