Hong Kong’s Cathay Pacific to raise staff salaries by 3.8% on average in 2025
Hong Kong flag carrier Cathay Pacific Airways has announced an average salary increase of 3.8% for its employees next year, matching the levels of 2023. Cathay’s decision to raise salaries followed reports that the company’s top bosses were paid about 20% more last year than in 2019, with some enjoying substantial gains even as the carrier struggled to return to full capacity. Cathay CEO Ronald Lam Siu-por was the highest paid, with a package worth HK$10.45m (US$1.34m) last year, including a bonus for the preceding year. His pay soared by 32% from HK$7.91m in 2022. The aircrew, in comparison, only received a monthly pay rise of slightly over HK$300. “Cathay is committed to being an attractive and engaging employer of choice that rewards our people for their contribution,” the company said on Tuesday. In addition to a discretionary bonus announced earlier, the Cathay Group would introduce an average salary increase of 3.8% for 2025, it said.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2024-11-20/oneworld/hong-kong2019s-cathay-pacific-to-raise-staff-salaries-by-3-8-on-average-in-2025
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Hong Kong’s Cathay Pacific to raise staff salaries by 3.8% on average in 2025
Hong Kong flag carrier Cathay Pacific Airways has announced an average salary increase of 3.8% for its employees next year, matching the levels of 2023. Cathay’s decision to raise salaries followed reports that the company’s top bosses were paid about 20% more last year than in 2019, with some enjoying substantial gains even as the carrier struggled to return to full capacity. Cathay CEO Ronald Lam Siu-por was the highest paid, with a package worth HK$10.45m (US$1.34m) last year, including a bonus for the preceding year. His pay soared by 32% from HK$7.91m in 2022. The aircrew, in comparison, only received a monthly pay rise of slightly over HK$300. “Cathay is committed to being an attractive and engaging employer of choice that rewards our people for their contribution,” the company said on Tuesday. In addition to a discretionary bonus announced earlier, the Cathay Group would introduce an average salary increase of 3.8% for 2025, it said.<br/>