Go Back  PPRuNe Forums > PPRuNe Worldwide > Fragrant Harbour
Reload this Page >

Inflation and salary expectations

Fragrant Harbour A forum for the large number of pilots (expats and locals) based with the various airlines in Hong Kong. Air Traffic Controllers are also warmly welcomed into the forum.

Inflation and salary expectations

Old 26th Nov 2016, 13:24
  #1 (permalink)  
Thread Starter
 
Join Date: Mar 2008
Location: London
Posts: 1,539
Likes: 0
Received 0 Likes on 0 Posts
Inflation and salary expectations

Once again we find ourselves coming out of a contractual period that has had mediocre pay raises. Now, there is firm evidence that inflation is starting to rear its ugly head. The Fed fund rate is nearing 1%, and the real cost of daily goods (food/energy/rent/transportation) is much higher than it was three years ago. Question: not only does the 13th month equate to approximately 8% of ones annual salary, but the current low wages and benefits of the average pilot in CX is now being inexorably eroded each day with increasing inflation. Any pay deal that doesn't meet at least 4% per annum is actually a pay cut. Don't let CX's 'expectation management' cloud your understanding of just how far behind we are falling. Once you lose ground in a given year, you NEVER make it back in this company. Insist on a fair and advancing pay deal. Insist that your close colleagues keep their CC commitment firm and unwavering.
Trafalgar is offline  
Old 3rd Dec 2016, 02:12
  #2 (permalink)  
 
Join Date: Aug 2006
Location: Asia
Posts: 75
Likes: 0
Received 0 Likes on 0 Posts
Hong Kong’s Cathay Pacific announces 2 per cent pay rise for non-managerial staff
http://www.scmp.com/news/hong-kong/economy/article/2051253/hong-kongs-cathay-pacific-announces-2-cent-pay-rise-non
jimsmitty01 is offline  
Old 3rd Dec 2016, 05:23
  #3 (permalink)  
 
Join Date: Jul 2013
Location: U/S
Posts: 282
Likes: 0
Received 0 Likes on 0 Posts
Just out of curiosity,

What is the biggest pay increase the pilots have ever been given from CX?
Average Fool is offline  
Old 3rd Dec 2016, 09:47
  #4 (permalink)  
 
Join Date: Aug 2002
Location: Up north
Posts: 1,644
Likes: 0
Received 0 Likes on 0 Posts
Delta just signed a deal for a 30% pay increase until 2019. Similar deal for Southwest over 4 years. In the mean time pilots in Middle East, HK and Europe still achieving very little it seems like.

CP
CaptainProp is offline  
Old 5th Dec 2016, 10:54
  #5 (permalink)  
 
Join Date: Aug 2007
Location: sydney
Posts: 1,200
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by CaptainProp View Post
Delta just signed a deal for a 30% pay increase until 2019. Similar deal for Southwest over 4 years. In the mean time pilots in Middle East, HK and Europe still achieving very little it seems like.

CP
And Australia, we managed an 18 month wage freeze then 3% per annum. The middle class continues to get squeezed.
dragon man is offline  
Old 5th Dec 2016, 13:34
  #6 (permalink)  
 
Join Date: Feb 2004
Location: USA
Posts: 3,019
Likes: 0
Received 0 Likes on 0 Posts
" Delta just signed a deal for a 30% pay increase until 2019. "

CaptProp,

And the UAL pilots are glad about it:

"…aviators at United Continental Holdings Inc. even have a contract provision that calls for pay to be increased if their counterparts at Delta win a better deal."

https://www.bloomberg.com/news/artic...ots-union-says
bafanguy is offline  
Old 7th Dec 2016, 03:47
  #7 (permalink)  
 
Join Date: Feb 2006
Location: hongkong
Posts: 47
Likes: 0
Received 0 Likes on 0 Posts
30% pay rise sounds good doesn't it? However didn't Delta pilots voted in a 32.5% pay cut back a decade ago when the airline was in trouble? That vote saved the company from filing for bankruptcy didn't it?
Big Picture is offline  
Old 7th Dec 2016, 03:57
  #8 (permalink)  
 
Join Date: Feb 2006
Location: hongkong
Posts: 47
Likes: 0
Received 0 Likes on 0 Posts
In addition didn't the Delta pilots take a further 14% pay cut the year after the 32.5% pay cut? Imagine the HKAOA trying to sell that to the Hong Kong membership! 42.6% pay cut over 12 months. I reckon you could hear the squealing from London.

Great to see the company trying to get them back towards where they were.
Big Picture is offline  
Old 7th Dec 2016, 05:04
  #9 (permalink)  
 
Join Date: Jul 2013
Location: U/S
Posts: 282
Likes: 0
Received 0 Likes on 0 Posts
So can anyone answer what the biggest pay rise CX pilots have ever received?
Average Fool is offline  
Old 7th Dec 2016, 08:55
  #10 (permalink)  
 
Join Date: Feb 2006
Location: Hong Kong
Posts: 242
Likes: 0
Received 0 Likes on 0 Posts
AF... Why is that important or even of interest?
It was a wholly different company in those days, one where the executive sought the best help and was prepared to pay for it.
Max Reheat is offline  
Old 7th Dec 2016, 21:34
  #11 (permalink)  
 
Join Date: Feb 2004
Location: USA
Posts: 3,019
Likes: 0
Received 0 Likes on 0 Posts
"That vote saved the company from filing for bankruptcy didn't it?"

Big Picture,

Just for the record: nope

Any further comment would be criminal thread drift.
bafanguy is offline  
Old 7th Dec 2016, 23:35
  #12 (permalink)  
 
Join Date: Mar 2016
Location: Exist
Posts: 47
Likes: 0
Received 0 Likes on 0 Posts
Remember carefully the names of the pilots who told us to vote NO on the last deal. And never listen to their advice again, ever. Does anyone think we will have a chance now of reviving any of the gains offered? Anything?
Ipad is offline  
Old 8th Dec 2016, 00:00
  #13 (permalink)  
mtc
 
Join Date: Jun 2011
Location: East
Posts: 31
Likes: 0
Received 0 Likes on 0 Posts
+1 iPad

Many of the senior guys advised: when there is money on the table, take it.

Still doesn't detract from the piss poor RPs in the last deal however.
mtc is offline  
Old 8th Dec 2016, 01:59
  #14 (permalink)  
 
Join Date: Feb 2006
Location: hongkong
Posts: 47
Likes: 0
Received 0 Likes on 0 Posts
Yep fair call Bafanguy,

The pilot group accepted a massive pay cut to try and help the airline avoid going into chapter 11. Even so, after taking a massive pay cut I believe the airline subsequently filed anyway, along with a number US carriers.

The reason the pilots voted in the 32.5% pay cut was to try and help avoid that happening. Are the numbers correct on the pay cuts? 32.5% and 14%?
Big Picture is offline  
Old 8th Dec 2016, 05:21
  #15 (permalink)  
 
Join Date: Mar 2016
Location: Exist
Posts: 47
Likes: 0
Received 0 Likes on 0 Posts
If exactly the same offer was presented to you right now how would you vote?

[careful this is an IQ test]
Ipad is offline  
Old 8th Dec 2016, 07:37
  #16 (permalink)  
 
Join Date: May 2009
Location: VHHH Ocean 2D
Posts: 726
Likes: 0
Received 0 Likes on 0 Posts
IPad,

Money on the table? You fool, it was pennies at best for the young guys. It was voted down because of 2 main factors- a Clause saying I can never go into CC and a bundling of a pisspoor RP with HKPA.

Would I take the offer now? With Clause 7 remaining, I wouldn't take the offer even if they paid me!

Get of the forum, your posts border on the ridiculous. I suggest you stick to reading Jackanory books.
betpump5 is offline  
Old 8th Dec 2016, 08:15
  #17 (permalink)  
 
Join Date: Mar 2016
Location: Exist
Posts: 47
Likes: 0
Received 0 Likes on 0 Posts
Noted. IQ well less than 100. Next?
Ipad is offline  
Old 8th Dec 2016, 09:47
  #18 (permalink)  
 
Join Date: May 2009
Location: VHHH Ocean 2D
Posts: 726
Likes: 0
Received 0 Likes on 0 Posts
Does anyone think we will have a chance now of reviving any of the gains offered? Anything
Mr,"what is your IQ"
What gains? Was there a Page missing in the TA that I read?
betpump5 is offline  
Old 8th Dec 2016, 11:07
  #19 (permalink)  
 
Join Date: Dec 2015
Location: Nimbus
Posts: 101
Likes: 0
Received 0 Likes on 0 Posts
Some guys would sell their mom for a few extra bucks.
Ipad is surely one of them.

He's so smart but he believes everything he's told by his masters.

The sky is falling, like plenty of times before, but this time, it is different.
Why do you think we received this important update days before the negotiations are about to resume?
Zapp_Brannigan is offline  
Old 8th Dec 2016, 13:36
  #20 (permalink)  
 
Join Date: May 2009
Location: VHHH Ocean 2D
Posts: 726
Likes: 0
Received 0 Likes on 0 Posts
Look at his/her Post history which only started March this year.

AT using a moniker to rally the troops no doubt. About as useful as The HEDGEhogg's intimidating letter circa same time.

These clowns should try spending time focusing on their own mess rather than playing silly buggers with the Pilots.
betpump5 is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright © 2022 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.