Cathay Pacific raising staff pay 3.3% with additional Bonuses
The company recently moved from a “survival” to a “recovery” state with the collective efforts of every employee in the organization to regrow Cathay, as stated by outgoing CEO Augustus Tang in a message to staff.
Cathay Pacific Airways Ltd. will increase its employees’ “base pay” by an average of 3.3% in 2023 and offer bonuses worth the equivalent of one month’s salary. Said Cathay’s CEO in Hong-Kong, while meeting performance targets.
The airline also working on rebuilding it’s capacity to pre-pendamic stage that was cut during the pendamic. Previously, the arline also committed to hire 4000 staffer over the next 18 to 24 months to meet the rebuilding capacity.
Cathay Pacific, seen higher side attration into pilots after more than two years of onerous quarantine norms, combining with permanent pay cuts of as much as 58% made in 2020.
Cathay assumed to reach to 70% of pre-pendamic passenger capacity by 2023 end, rise from just 23% by this year end as its voyage of trained pilot’s and reactivated aircraft.
However, Honkong Aircrew Officers Associattion (HKAOA), which represents some Cathay piliot’s welcome this statement, but it is not enough to to stop an exodus of crew or the airline’s growing training challenges.
KHAOA expressed concern that flying targets on some fleets would rise in 2023, resulting in an effective pay cut of 9% for some pilot’s.
Cathay also added that the earlier temproray measures had been reviewed and returning to normal with improved productivity target’s. So the productivity- related pay, monthly allowances and children’s education allowance will be part of rise addition to base pay rise.
