Singapore Airlines Awards Staff Nearly 8 Months' Salary in Bonuses After Record Profit

The airline posts a net profit of S$2.68 billion, driven by strong travel and cargo demand, despite industry challenges.

Singapore Airlines' net profit for the fiscal year reached S$2.68 billion, up from S$2.16 billion the previous year.
Staff bonuses this year are close to eight months' salary, higher than last year's payout.
The airline cited robust demand for travel and cargo, particularly in North and Southeast Asia.
Passenger yields are expected to moderate as more airline capacity comes online in the Asia-Pacific region.
Challenges include geopolitical tensions, supply chain constraints, and high inflation.