According to the annual report released on Monday by Singapore Aviation, the CEO of the company, Wu Junpeng, earned a salary of SGD 8.11 million (approximately USD 6 million) in the previous fiscal year, an increase of 21% from the previous year, mainly due to the prosperity of aviation travel.
Wu Junpeng has been a member of the board of directors of the company since 2010. His basic salary for the previous fiscal year was SGD 1.44 million, higher than SGD 1.1 million in the 2022 fiscal year. Like previous years, most of his income came in the form of bonuses and stock rewards.
Singapore Airlines recorded a record annual profit for the second consecutive year in the previous fiscal year, due to sustained growth in aviation travel demand and active cargo business. The company distributed bonuses to employees that were almost equivalent to eight months' salary.