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EVA Air stocks soar after strike-averting pilot agreement
EVA Air’s shares rose over 5% in early trading after reaching an agreement with the Taoyuan Union of Pilots (TUP), ensuring no strikes during Lunar New Year. Lion Travel, Phoenix Tours, Richmond Tours, Life Tour, and China Airlines also saw a 2% increase in share prices. The labor agreement includes a monthly salary increase of NT$13,500, increased allowances, no direct hiring of foreign pilots, and no disputes on these points until May 31, 2026. The agreement is seen as a compromise to protect passenger rights. EVA Air did not comment on the impact on future profitability.2024/01/29 15:58