Singapore Airlines’ CEO Gets Pay Bump After Record Profit

Goh Choon Phong’s salary rose 21% to S$8.11 million last year
Carrier delivered S$2.67 billion annual profit in fiscal 2023

Goh Choon Phong
Photographer: Ore Huiying/Bloomberg

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By Tassia Sipahutar and Shikhar Gupta

July 1, 2024 at 5:30 AM UTC

Updated on

July 1, 2024 at 8:05 AM UTC

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Singapore Airlines Ltd. Chief Executive Officer Goh Choon Phong was paid S$8.11 million ($6 million) 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$1.44 million, up from S$1.1 million 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.