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Cathay Pacific to raise workers pay by three.three%, provide bonus – CEO memo

© Reuters. FILE PHOTO: A Cathay Pacific Airways Airbus A350-900 airplane approaches to land at Changi International Airport in Singapore June 10, 2018. REUTERS/Tim Chong

(Reuters) – Cathay Pacific Airways (OTC:) Ltd will increase base pay by an average of 3.3% in 2023 and offer bonuses worth the equivalent of one month’s salary to Hong Kong-based staff meeting performance targets, its CEO said in a memo on Monday.

“We have moved from ‘survival’ to ‘recovery’ and I am so grateful for the collective efforts of all of you as we work together to regrow Cathay,” outgoing CEO Augustus Tang said in a message to staff seen by Reuters.

The airline has previously said it plans to hire 4,000 staff over the next 18 to 24 months as it works to rebuild capacity that was cut during the pandemic.

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