Cathay Pacific pays US$167m a year in housing perks to pilots
Cathay Pacific Airways will continue giving large housing benefits to pilots for a year, it emerged Monday, in a setback to its cost-cutting attempts during an impasse with the aircrew union over cuts to pay and perks. The loss-making airline will maintain its arrangement of paying a total of HK$900m (US$167m) to more than 1,000 eligible pilots annually – including HK$100,000 per month to the most senior aircrew – in accommodation perks. That is despite an earlier indication that it would cut the arrangement. The reinstatement of the accommodation perks came Friday, as union pilots started voting on industrial action. If passed, the motion would formally mandate the pilots' union to prepare for industrial action in any eventuality, should the company cut pay and perks without a union agreement. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-12-14/oneworld/cathay-pacific-pays-us-167m-a-year-in-housing-perks-to-pilots
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Cathay Pacific pays US$167m a year in housing perks to pilots
Cathay Pacific Airways will continue giving large housing benefits to pilots for a year, it emerged Monday, in a setback to its cost-cutting attempts during an impasse with the aircrew union over cuts to pay and perks. The loss-making airline will maintain its arrangement of paying a total of HK$900m (US$167m) to more than 1,000 eligible pilots annually – including HK$100,000 per month to the most senior aircrew – in accommodation perks. That is despite an earlier indication that it would cut the arrangement. The reinstatement of the accommodation perks came Friday, as union pilots started voting on industrial action. If passed, the motion would formally mandate the pilots' union to prepare for industrial action in any eventuality, should the company cut pay and perks without a union agreement. <br/>
