SQ Pilots many struggling but still earning $6000++ to $13000++

[kevphua]

Diam la. You all voted for pap so stfu.

 

[wwenze]

Ya la, actually the 50yr old should just shuddup and sell his stuff. The younger one say can’t ask for more seems to be more grateful. Like that only certain group of people not all what. 50yr old attitude are the type kenna blanket party in NS..

But 50yo gen calls the younger gen strawberry, means what?

 

[wwenze]

Correct me if I’m wrong, the rights issue which raised 8.8mil

Is 8.8 billion

 

[BakedCashews]

Means hypocrite hahaha!

But 50yo gen calls the younger gen strawberry, means what?

 

[Azores]

Typo.. Thanks for the spot.

Is 8.8 billion

 

[jinmuddy]

these pilots are really entitled pos. got so much for doing practically nothing still cry mother cry father

they no money to hire high ses prostitutes anymore iszzit

ask them to shut up and go drive grab

13k for doing nothing complain for f**k

nurses still get 1/4 of that pay for risking their lives now!

The 5 mayors we have cost sinkies 3m and up right? What they do?

 

[106gunner]

One pilot has worked as a delivery driver for Lalamove, GOGOX and Ryde since March, after the number of flights he operates was reduced from six to eight a month, to only once a month. The last time he flew was in April.

“My basic pay was not sufficient to cover my monthly expenses and still save. Now, I’m able to get by more comfortably,” said Brian, who declined to reveal his real name. The S$2,000 to S$3,000 he earns from doing deliveries help pay for his insurance, housing payments and car loans, said Brian who is in his 20s.

He is also grateful that he has gotten into the groove of making these deliveries, which are busiest on weekends, now that the additional pay cuts have been announced.

“I’m lucky I don’t have to scramble to get started on another job or to get used to doing the deliveries,” he said.

While some pilots TODAY spoke to have undertaken jobs such as safe distancing ambassadors, Brian decided on doing deliveries for its flexibility. He said he is not the only pilot who has turned to doing deliveries.

In response to TODAY’s queries, the Air Line Pilots Association – Singapore (ALPA-S) said some pilots have had to take up secondary jobs to supplement their income, especially those with children.

“SIA has been supporting us by sourcing for and providing secondary job offerings on our internal platform for their employees,” the union representing pilots in Singapore said.

“ALPA-S is also working with different agencies to assist our pilots in looking for alternate job employments to supplement their loss of income during this trying time.”

Many has turn to delivery, seem like grab and food delivery is on track

 

[Noesis]

I think much of the angst in this thread and other similar thread is that SIA is using taxpayer's money (our money) to fund all these salaries.

If it is money earned from profits..then nothing to say...

but it's the people's money..that's the main issue.

That is one part of it.

The other part of it is that some pilots have a self-entitled mindset and believe themselves to be indispensable. The quantum of the salaries they draw lead them to equate it to their innate talent. But in actual fact, it was due more to a mismatch of demand and supply of pilots.

Compound that with the fact that a relatively significant portion of their salaries were funded by JSS up till now, I think it's understandable why people are upset about this whole thing.

 

[HomeDaddy]

Agreed. The main crux of the issue is the perceived use / misused of taxpayers money.

Correct me if I’m wrong, the rights issue which raised *8.8mil(bn) is in the form of shares? Which means investors who bought in, believes that the company will pick up and increase the value of their shares which leads to returns in future.In this sense, it is not a payout from the Govt.

The job support scheme is up to a limit of $4750 that covers all singaporean staff. So not a particular group although yes, higher salary will hit the cap. The scheme is available to all singaporeans across all industries in varying degree.

I was told to pay for kids preschool, albeit not full amount, during ** even though kids cannot go school. Some other industries same issue. Even normal times, school bus have to pay during school holidays. Why support them then?

The Govt seems to be trying to prevent a collapse of the economy where there is a sudden, unprecedented lockdown or huge reduction in services with the job support scheme. Any aid to all industries is better than none to any. Some may seem to benefit more, some less. If we complain about some, then if there is no support scheme to all to be fair, everyone will suffer very badly. The conclusion then will be as what the slogan goes, “sinkies pawn sinkies”.

The question then is why support aviation, tourism, hospitality industries? I believe that the returns in tangible and intangible values forms the underlying reason for the support. If we don’t offer some form of support for these industries, then for one, with more retrenchments, everyone will be competing for lower paying jobs. How safe will everyone else’s job be then?

You are a bit mistaken about the rights issue..
When u exercise the rights, u simply buy more shares. This means 2 things.
1. Existing shareholders are diluted by the amount of shares issued. For example, they might have owned 1% of the company but after the rights exercise, they might own less than 0.5% because of the broader share base and yet have to fork out more money to own less of the company.

2. Share issuance is not registered as debt on the balance sheet. SIA need not worry about paying back the money.

The fact that Temasek is the largest shareholder of SIA and have exercised the rights, this is definitely a government bailout in the truest sense.

 

[tankee86]

The amount of salt here can form Mountains already.

Sent from OPPO CPH1835 using GAGT

 

[WussRedXLi]

I think some pilots find it hard to give up their usual lifestyle and assumed things will be better by next yr.

In my biz I have met some nice pilots/crew. But some are also a bit....i don't know how to say, ego? Entitled mindset? Not down to earth?

Cannot cut lifestyle one, esp for those past 40s. Until maybe up to neck deep and ah long pounding on the door, maybe........

 

[coldish]

In my biz I have met some nice pilots/crew. But some are also a bit....i don't know how to say, ego? Entitled mindset? Not down to earth?

Cannot cut lifestyle one, esp for those past 40s. Until maybe up to neck deep and ah long pounding on the door, maybe........

Many of them tend to overspend and get into big debts.
Read up why some planes crash because the pilot suicided.

 

[mugen36]

Pilots spending is satki

Sent from Samsung SM-N960F using GAGT

 

[106gunner]

Pilot used to live the high life, stay free in a hotel whenever they landed in a country, get to party and piak stewardess and draw high remuneration

Now they have to adjust the changes

 

[qwerty_hippo]

Pilot used to live the high life, stay free in a hotel whenever they landed in a country, get to party and piak stewardess and draw high remuneration

Now they have to adjust the changes

Those 50s pilots now retired at home piak their pretty stewardess wife.

Meanwhile peasants have to pay tax and bail SIA out.

 

[Acetone]

Exactly this... they not only had Rights Issue but also issued Mandatory Convertible Bonds...

Temasek swept the MCB... and SIA has another 6+ bil in MCB to issue if they so choose...

Temasek will continue to bailout and subscribe to the additional MCB ....

Just to put it in context, they raised 8.8bil (which will run out in mar) and have another 6+ bil they can choose to raise (all backed by Temasek / govt ) but their market cap was only 11bil.

All those monies are literally washed down the drain because they aren’t being prudent.

You are a bit mistaken about the rights issue..
When u exercise the rights, u simply buy more shares. This means 2 things.
1. Existing shareholders are diluted by the amount of shares issued. For example, they might have owned 1% of the company but after the rights exercise, they might own less than 0.5% because of the broader share base and yet have to fork out more money to own less of the company.

2. Share issuance is not registered as debt on the balance sheet. SIA need not worry about paying back the money.

The fact that Temasek is the largest shareholder of SIA and have exercised the rights, this is definitely a government bailout in the truest sense.

 

[GenocidalX]

Taxpayers money used like that?
It's just like bleeding from a huge gap where it's a bottomless pit.

 

[ctstalin]

What's the issue? Temasek can just ask MAS to print more sgd to fund SIA, all within the same circle of influence one

Posted from PCWX using HD1900

 

[Roundtreex]

What's the issue? Temasek can just ask MAS to print more sgd to fund SIA, all within the same circle of influence one

Posted from PCWX using HD1900

lol it is funny we die and work for printed money by government.
Song bo!?

 

[wwenze]

Well it's not like the money disappeared

Just like water flows somewhere, money flows somewhere. Into pockets mostly.