Budget airline Tigerair Taiwan Ltd (台灣虎航) yesterday said it would give year-end bonuses to employees equivalent to an average of 12.5 months of salary for the upcoming Lunar New Year holiday, marking the highest year-end bonuses ever offered by an airline.
The airline also announced that it would offer a fixed monthly salary increase of NT$3,000 (US$90.99) to all employees, with an average salary raise of 4 percent for this year, a record high salary increase in the airline industry.
This year, median year-end bonus for employees will be an average of 12.8 months of salary, with some to get up to 17.4 months of salary, which is higher than the average 10.8 months of salary for year-end bonuses the airline offered last year, Tigerair said in a statement.
Photo courtesy of Tigerair Taiwan Ltd
The year-end bonus was decided on after taking into consideration the efforts made by all employees last year and the company’s record operating performance, Tigerair said.
This year marks the 11th anniversary of the airline’s operation, with the routes it operates covering major cities and areas in Japan, South Korea, Macau, Thailand and Vietnam.
The company turned a profit in a short time after the reopening of international borders following three years of travel restrictions imposed from 2020 due to the COVID-19 pandemic, according to the statement.
In Taiwan, employers typically issue year-end bonuses before the Lunar New Year holiday, which starts on Jan. 25 this year and runs through Feb. 2.
In November last year, Tigerair paid an average of three months’ basic salary plus a fixed amount of NT$20,000 as a mid-year bonus for all employees.
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