SIA CEO annual pay drops to $7m despite record profit

The carrier posted a net profit of $2.8b in FY2024/25.

Singapore Airlines (SIA) Chief Executive Officer Goh Choon Phong received a total remuneration of $7.01m for the financial year ended 31 March 2025.

This represents a 13.5% drop from the $8.1m he earned in the previous year.

His compensation package comprised a base salary of $1.46m, bonuses of $3.12m, and $2.44m in shares and other benefits.

The carrier also reported a net profit of $2.8b for the same financial year, driven in part by a one-off non-cash gain of $1.b from the completion of the Air India–Vistara merger in November 2024.

The group, which includes low-cost arm Scoot, also achieved record revenue as it carried 39.4 million passengers—its highest on record.

Despite the strong results, operating profit dropped 37% due to a decline in passenger yields amid intensifying competition. Still, both operating profit and passenger yields remained above pre-pandemic levels.

SIA attributed its performance to ongoing cost discipline, driven by digital transformation and productivity improvements amid rising expenses.

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