A few days ago, I read where Emirates Airline achieved a record-breaking $6.2 billion profit in the 2023-2024 financial year, solidifying its position as the world’s most profitable airline. The carrier has decided to share this success by granting substantial bonuses to its workforce.
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| EMIRATES AIRBUS A380-842 A6-EVQ (MSN 270) |
The Dubai-based carrier is rewarding over 120,000 employees with a bonus equivalent to 22 weeks of basic salary. This generous profit-sharing initiative reflects the airline’s commitment to recognizing its staff’s contributions.
To celebrate, the airline announced a profit-sharing bonus of 22 weeks’ basic salary for all employees, equating to roughly 42% of their base pay. This applies to over 120,000 staff members, from ground crew to pilots, regardless of role or seniority. Notably, basic salary excludes additional earnings like hourly flight pay for cabin crew, meaning total compensation varies, but the bonus remains a significant windfall.
This profit-sharing initiative lacks a fixed formula, with amounts determined by executive discretion based on financial performance. The 22-week 2023-2024 bonus aligns with Emirates’ recent trend of substantial payouts during prosperous years.
Now I read Singapore Airlines is about to do the same thing.
In the 2024 financial year, the firm booked a one-off gain of about S$1.1 billion from the merger of its 49%-owned Vistara with Air India, completed last November. Group revenue rose 2.8% year-on-year to a record S$19.54 billion, fueled by steady air travel and cargo demand. Cargo revenue increased 4.4% on the back of demand for e-commerce and perishables, and shipping disruptions caused by Red Sea tensions, though freight yields slipped 7.8% due to rising competition.
On the 10th of January 2025, Delta Air Lines also announced a $1.8 billion profit-sharing distribution to its employees, scheduled for the 14th of February 2025. This payout represents approximately 10% of eligible employees’ annual earnings, equating to about five weeks of additional pay per employee. The announcement aligns with Delta’s centennial celebrations, underscoring its commitment to employee recognition and shared success
Singapore Airlines is giving each employee a bonus worth 28 weeks of salary after it posted record profits for the 2024 financial year. The payout, a profit-sharing bonus, recognizes staff’s dedication and hard work in the year ending March 31, the carrier said. It had earlier reported a record annual net profit of S$3.78 billion.
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| SINGAPORE AIRLINES AIRBUS A380-841 9V-SKM (MSN 065) |
The bonus, which is slightly lower than last year’s 32 weeks, comes as the airline cautioned on Thursday that global trade frictions and geopolitical uncertainties could weigh on travel and cargo demand, according to Bloomberg.
In the 2024 financial year, the firm booked a one-off gain of about S$1.1 billion from the merger of its 49%-owned Vistara with Air India, completed last November. Group revenue rose 2.8% year-on-year to a record S$19.54 billion, fueled by steady air travel and cargo demand. Cargo revenue increased 4.4% on the back of demand for e-commerce and perishables, and shipping disruptions caused by Red Sea tensions, though freight yields slipped 7.8% due to rising competition.
On the 10th of January 2025, Delta Air Lines also announced a $1.8 billion profit-sharing distribution to its employees, scheduled for the 14th of February 2025. This payout represents approximately 10% of eligible employees’ annual earnings, equating to about five weeks of additional pay per employee. The announcement aligns with Delta’s centennial celebrations, underscoring its commitment to employee recognition and shared success
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