Major international airlines Emirates Group and Singapore Airlines Group are reportedly passing on a portion of their annual profits to staff, after raking in billions throughout the last financial year.
It’s understood that bonuses equivalent to eight months of their salary will be given to eligible Singapore Airlines staff, and bonuses equivalent to six months’ salary will be given to eligible Emirates staff.
Both airlines made record-breaking profits in the last financial year.
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Singapore Airlines and Scoot, the Group’s budget airline, carried a combined 36.4 million passengers in the 23/24 financial year, earning the Group $S2.67 billion ($A2.97 billion).
It noted “geopolitical tensions, macroeconomic uncertainties, inflationary pressures, and supply chain constraints” as current challenges facing the industry, in a shareholder summary, but still raked in $S518 million (24 per cent) more than it did the year before.
Emirates carried 43.6 million passengers in the last financial year and recorded a 71 per cent year-on-year profit increase, earning $Dh10.6 billion ($A4.3 billion), according to The National.
It reports that more than 50,000 Emirates employees will receive 24 weeks’ worth of pay with the arrival of their May paycheck.
It is unclear which of the airlines’ staff will be eligible for the profit shares.
7NEWS.com.au has contacted Singapore Airlines for comment.
Emirates said it does not comment on internal matters.
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