Cathay Pacific recently announced that its employees will be receiving a bonus equivalent to one month’s salary, as the company celebrated its successful year. Alex McGowan, the Chief Operations and Service Delivery Officer, expressed the importance of retaining top talent in the industry by offering competitive remuneration packages.
McGowan highlighted the positive results the company has seen in terms of reduced turnover and attrition rates, particularly among pilots. He emphasized the significance of creating a work environment where employees feel valued and have ample opportunities for growth and development.
The airline group reported a net profit of HK$3.6 billion for the first half of the year, with a 14 percent increase in revenue compared to the same period last year. Despite facing some challenges, the company remains optimistic about its future prospects.
During a celebration ceremony for a new aircraft order with Airbus, Ronald Lam, the group’s CEO, discussed plans for expanding and modernizing the Cathay fleet. The airline is set to receive up to 150 new aircraft, including A321neo and A320neo for its passenger fleet, as well as A350 freighters to enhance its cargo operations.
Lam also mentioned the upcoming delivery of new generation A330 aircraft starting from 2028, which will further strengthen Hong Kong’s position as a leading air cargo hub. The expansion of the fleet aligns with the upcoming opening of Hong Kong International Airport’s three-runway system by the end of the year, signaling a new chapter of growth for Cathay Pacific.
Overall, the company’s focus on attracting and retaining top talent through competitive bonuses and opportunities for advancement reflects its commitment to excellence in the aviation industry. As Cathay Pacific continues to invest in its workforce and fleet, it remains well-positioned for future success and growth in the competitive global market.