CX offers bonus 'to keep the industry's best people' - RTHK
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CX offers bonus 'to keep the industry's best people'

2024-10-22 HKT 17:39
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  • Cathay Pacific has rolled out more than HK$100 billion in investments over the next seven years. Photo: RTHK
    Cathay Pacific has rolled out more than HK$100 billion in investments over the next seven years. Photo: RTHK
Cathay Pacific has announced that its employees will receive a bonus equivalent to one month's salary, after the flag carrier said it saw good results this year.

Alex McGowan, Chief Operations and Service Delivery Officer on Tuesday said he felt the company has to find ways to keep the best people in the industry.

"Moving forward, of course, we always want to keep our remuneration competitive so that we can attract and retain the best people. We're very pleased, I think, over the course of the last year to have seen our turnover rates, our attrition rates, particularly in our pilot community, to come down to levels that we haven't seen for decades, not even pre-pandemic," he said.

"But pilot turnover is now at historic lows, and I hope that that's testimony to the fact that our pilots enjoy working for Cathay and the opportunities that working for Cathay provides."

The group had in August posted a net profit of HK$3.6 billion for the first half of the year, but that was down 15 percent compared with the same period in 2023. It recorded a 14 percent on-year rise in revenue to HK$49.6 billion for the same period.

McGowan was speaking to reporters after the celebration ceremony for the order of up to 150 aircraft with Airbus, during which the group's CEO, Ronald Lam said the expansion and modernisation of the Cathay fleet come as Hong Kong International Airport prepares to open its three-runway system at the end of the year.

"From 2026, we'll start to take delivery of the second order of our narrow-body passenger aircraft, which will consist of A321neo as well as A320neo into both the Cathay Pacific, as well as HK Express fleet," he said.

"Then from 2027, we'll start to take delivery of A350 freighter to expand our cargo fleet so that we can continue to strengthen Hong Kong's number one air cargo hub status. From 2028 onwards, we'll start to take delivery of A330 new aircraft, the new generation A330," Lam added.

CX offers bonus 'to keep the industry's best people'