Singapore Airlines’ CEO gets pay bump after record profit

Singapore Airlines CEO Goh Choon Phong was paid S$8.11m ($6m) last financial year, a 21% increase from the previous period, as the airline benefited from a travel boom. Goh, who has been on the carrier’s board since 2010, had a base salary of S$1.44m, up from S$1.1m in 2022, according to the airline’s annual report published Monday. Similar to in previous years, the majority of his pay comes in the form of bonuses and share awards. Singapore Airlines posted a second consecutive record annual profit last year on sustained demand for air travel, fuller flights and a buoyant cargo business. It rewarded staff with bonus payouts worth almost eight months of their salaries. The city-state’s carrier delivered a record S$2.67b annual profit in the fiscal 2023-2024 year while revenue for the 12 months rose 7% to S$19.01b.<br/>