Floating Button
Home News Aviation & Engineering

Cathay Pacific to cut profit payout to staff by around 50%

Bloomberg
Bloomberg • 2 min read
Cathay Pacific to cut profit payout to staff by around 50%
Cathay’s 2024 first-half profit fell 15% as competition grew and analysts expect Cathay to deliver annual net income of HK$7.8 billion ($1.36 billion), which would be lower than the HK$9.8 billion earned in 2023. Photo: Bloomberg
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Cathay Pacific Airways is planning to slash its profit-share payout to its workers by almost 50%. 

The Hong Kong carrier is only planning to distribute at least four weeks of eligible pay as part of its profit-sharing program for 2024, according to a staff memo from CEO Ronald Lam seen by Bloomberg on Thursday.

The planned payout is down on the 7.2 weeks of pay given last year. 

×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2026 The Edge Publishing Pte Ltd. All rights reserved.