{
    "title": "Cathay Pacific announces 2015 salary increment",
    "modified_at": "2014-12-04 08:00:00",
    "published_at": "2014-12-04 08:00:00",
    "url": "https://news.cathaypacific.com/cathay-pacific-announces-2015-salary-increment-174889",
    "short_url": "http://prez.ly/N4J",
    "culture": "en_AE",
    "language": "EN",
    "slug": "cathay-pacific-announces-2015-salary-increment-174889",
    "body": "<p>Cathay Pacific Airways today announced that it will award a pay increase to eligible Hong Kong-based ground staff and cabin crew for 2015. The airline will also offer a discretionary bonus payment for 2014, based on one month\u2019s salary, which will be paid to eligible staff in their December salary payment.</p>\n<p>As in the previous year, staff on a lower salary band will receive a higher increment than senior staff. More than 90% of Hong Kong staff will receive a pay increase averaging 4.5% in 2015, while senior staff will receive an increment ranging from 3.9% to 4.4%. This arrangement reflects the impact that changes in the cost of living have on staff in different salary bands.</p>\n<p>Cathay Pacific Chief Executive Ivan Chu said: \u201cWe have seen an overall improvement in our business, though the operating environment has been challenging for much of the year. In the first half in particular we were buffeted by high fuel prices, weak cargo demand and continued pressure on passenger yield. As usual, our business has been stronger in the second six months, helped by strong passenger demand in the peak travel seasons, the recent pick-up in the cargo market and the recent reduction in the fuel price.</p>\n<p>\u201cCathay Pacific was named World\u2019s Best Airline by Skytrax in 2014, making us the only carrier to receive this honour for a fourth time. Such an achievement would not have been possible without the superb effort of our Cathay Pacific team, and we are happy to reward staff with the discretionary bonus and salary increment for 2015. In considering this latest salary increase we have taken into account factors ranging from changes in the cost of living to the company\u2019s business performance and longer-term prospects. And, as always, we have also considered the views of different staff representative groups.\u201d</p>\n<p>Mr Chu said that Cathay Pacific remains committed to making strategic long-term investments to maintain the quality of its products and services, and to reinforce Hong Kong\u2019s role as one of the world\u2019s premier aviation hubs. \u201cBacked by our award-winning team, we will continue to take Cathay Pacific \u2013 and Hong Kong aviation \u2013 to new heights,\u201d he said.</p>",
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    "author": {
        "first_name": "Ian",
        "last_name": "Lai"
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