Impending cabin crew strike

[SabrinaSenior]

Cashless Allowance nickel and diming

Cabin crew just told me that a major gripe is with cashless allowance…

Cathay uses the “buy” or bid rate to calculate how much hkd equivalent to pay you, but the buy rate is the rate that the bank buys outport currency from you … not the rate you buy outport currency from the bank…

If you spend local currency at out port, you actually pay the sell rate to the bank (what the bank sells the currency to you at). Since the allowance is for outport expenses, it should be in outport currency.

Since we used to all get outport currencies for allowance, cx used to have to pay the sell rate to get the local currencies to give to us.

now they’re making bank at everyone’s expense by pocketing the 1% or whatever the spread is just by telling us the buy rate is what they pay to buy outport currency.