SIA CEO pay hits $9.7m as net profit falls 57%

Group revenue still reached a record $20.52b as passenger traffic grew.

Singapore Airlines (SIA) CEO Goh Choon Phong received nearly $9.7m in total remuneration for FY2025/26, even as the group’s net profit fell to $1.18b, according to its latest annual report.

The remuneration figure was disclosed under the company’s Declared Basis B, which includes a July 2025 strategic share award made in respect of FY2024/25 performance.

Shares accounted for the largest portion of Goh’s total pay mix at $4.75m, or 49% of total remuneration. Bonuses stood at $3.34m, or 35%.

His base salary amounted to $1.46m, or 15% of total remuneration. Benefits totalled $144,210, or 1%.

Goh, as CEO, did not receive directors’ fees.

SIA also disclosed a lower remuneration figure of $8.75m under Declared Basis A, which excludes the July 2025 strategic share award.

The group said the two formats were presented due to a temporary spike arising from a compensation structure transition. The July 2025 strategic share award was the final grant tied to FY2024/25 performance, as the award scheme has been phased out from FY2025/26.

The remuneration disclosure comes as the company recorded a 57.4% fall in net profit, with the decline attributed to the absence of the previous year’s non-cash accounting gain from the Air India-Vistara merger and the group’s share of Air India’s full-year losses, SIA said.

Meanwhile, revenue grew 5% year-on-year to $20.52b for FY2025/26. Group operating profit rose 38.9% to $2.37b.

The group carried 42.4 million passengers during the year, whilst passenger load factor rose 1.1 percentage points to 87.7%.

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