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.
Add as a preferred source on Google

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.