Hong Kong’s Cathay Pacific to give out 1 month’s pay for staff bonuses

Cathay Pacific Airways will dish out at least a month’s worth of pay to staff for this year’s bonuses on the back of the Hong Kong flag carrier’s strong financial results in 2024.

In a letter to employees on Thursday morning, Cathay Group CEO Ronald Lam Siu-por said the bonus pay was due to the company’s robust performance last year.

“I’m pleased to share that we will be distributing at least four weeks of eligible pay this year. Stay tuned,” he wrote.

The promised bonus pay follows the company’s successful efforts to rebuild after the pandemic, which saw it return to 100 per cent of pre-Covid flight levels this month.

“Our strong financial performance for two years in a row also made it possible for us to commit more than HK$100 billion [US$12.8 billion] in investments into further elevating our customers’ experience in the future,” Lam said.

More to follow …