Cathay Pacific Can’t Stop Pilot Exodus Even as It Boosts Hiring

(Bloomberg) — Cathay Pacific Airways Ltd. continues to experience a very high rate of pilot resignations, and may improve allowances and benefits to appease crew who took deep pay cuts to help Hong Kong’s flag carrier navigate its way through the city’s Covid-19 crisis.

“We still have resignation rates at much higher levels than we’ve historically had,” Chief Operations and Service Delivery Officer Greg Hughes said at a town hall meeting for Cathay staff watched online by Bloomberg News. “It would also be an incorrect statement for me to make that COS18 is not one of the reasons.”