Singapore Airlines CEO Goh Choon Phong's pay drops to $5.5M despite profit growth

By Dat Nguyen June 26, 2025 | 02:55 pm PT

Singapore Airlines paid its CEO Goh Choon Phong SGD7 million (US$5.5 million) in the financial year ending March 31, a 13.5% decreased from the previous year, despite the company’s performance boost in profit and passenger volume.

Goh’s latest compensation package includes a SGD1.5 million salary and SGD3.1 million in bonuses, which both went up, according to The Business Times.

An Airbus A350-941 from Singapore Airlines prepares for takeoff on the runway at Barcelona Airport in Barcelona, Spain, on December 2, 2024. Photo by NurPhoto via AFP

An Airbus A350-941 from Singapore Airlines prepares for takeoff on the runway at Barcelona Airport in Barcelona, Spain, on Dec. 2, 2024. Photo by NurPhoto via AFP

The value of shares awarded to him, however, declined by 46% to SGD2.3 million.

Despite challenges like geopolitical tensions, supply chain issues, and inflation, Singapore Airlines’ chairman, Peter Seah, highlighted the carrier’s strong performance in a letter to shareholders.

The airline reported a 3.9% increase in net profit to SGD2.8 billion and the airline carried a record 39.4 million passengers.

Singapore Airlines maintained a high profit-sharing bonus for employees, rewarding eligible staff with a pay worth 7.45 months of salary, according to Channel News Asia.

This was marginally lower than the 7.94 months' worth of profit-sharing bonus it issued in the previous year, the highest in the airline’s history.