SIA staff to get 7.45 months' bonus as national carrier posts record S$2.8 billion net profit

Singapore Airlines (SIA) Group registered a record-breaking net profit of S$2.778 billion for Financial Year (FY) 2024/25, which ended on Mar. 31, 2025.

This marks a 3.9 per cent increase from SIA's net profit for FY2023/24, which was S$2.675 billion, according to a May 15 press release issued by SIA.

In recognition of its staff's dedication and hard work in the past financial year, SIA will be giving out a bonus of 7.45 months to its employees, reported The Business Times.

An SIA spokesperson confirmed with Mothership that its employees will receive a profit-sharing bonus but did not reveal the exact amount.

According to the spokesperson, the amount was calculated based on a long-standing formula that has been agreed upon with its staff unions.

In FY2023/24, SIA staff received a profit-sharing bonus of 7.94 months.

Factors behind record net profit

Given SIA's strong financial performance for FY2024/25, its Board of Directors has recommended a final dividend of 30 cents per share for the financial year.

According to the airline, one of the factors behind its record net profit was its increased group revenue.

Driven by "resilient demand for air travel and cargo uplift" in the financial year, SIA's revenue grew by 2.8 per cent to S$19.54 billion.

Specifically, SIA and its budget arm Scoot carried a record 39.4 million passengers, marking an 8.1 per cent increase from FY2023/24.

Another factor that contributed to SIA's record net profit was a S$1.098 billion non-cash accounting gain following the completion of the merger between Air India and Vistara in November 2024.

Before the merger, Vistara was a joint venture between SIA and India's Tata Sons, with SIA holding a 49 per cent stake in the company, according to Tata Group.

Following the merger, SIA holds a 25.1 per cent stake in the enlarged Air India.

Potential challenges ahead

Looking ahead, SIA said that the global airline industry faces "a challenging operating environment amidst changing tariff policies and trade tensions, economic and geopolitical uncertainties, and continued supply chain constraints".

As these factors may impact consumer and business confidence, SIA said it will stay vigilant, monitor developments closely, and remain "prepared to respond swiftly" to market conditions.

Amongst others, SIA will leverage its "dual brand portfolio airline, well-diversified global network, robust balance sheet, "talented and dedicated workforce, and industry-leading digital capabilities" to navigate the potential challenges ahead.

For instance, the Air India-Vistara merger reinforces SIA's multi-hub strategy and allows it to participate directly in the fast-expanding Indian aviation market.

According to the International Air Transport Association (IATA), India is projected to rise to be the third largest domestic and international market for aviation worldwide within this decade, only behind the United States and China.

Top image via Singapore Airlines/Website