SIA CEO’s annual pay jumps by about 20% to S$8.1 million on the back of record profit

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SINGAPORE: Following a record annual profit for Singapore Airlines ( SIA ), the salary of the national carrier’s CEO has also gone up.

Mr Goh Choon Phong’s annual salary for FY2023/24 came in at S$ 8.1 million ( US$ 5.98 million )- a 20.5 per cent jump from S$ 6.73 million in the previous year&nbsp,- according to SIA’s annual report released on Monday ( Jul 1 ).

His annual renumeration comprises a basic give of S$ 1.44 million, prizes of S$ 2.18 million, as well as stocks and benefits equivalent to about S$ 4.48 million.

SIA reported an annual net income of S$ 2.68 billion for the fiscal year ended in March 2024 in May, up from S$ 2.16 billion a year earlier. &nbsp,

It also declared a final payout of S$ 0.38 apiece, higher than the S$ 0.28 a year ago. Having delivered a report annual income for two years right, &nbsp, SIA announced in May that its employees would get about eight month’s prize, the highest in the firm’s history.

It exceeded the prior year’s report of&nbsp, 6.65 months in income- sharing benefit. &nbsp,

Stocks of SIA closed at S$ 6.88 on Monday.