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EVA Air to resolve Lunar New Year flight cancellations
Taiwan’s Minister of Transportation and Communications, Wang Kwo-tsai, has confirmed that EVA Air will address the issue of Lunar New Year flight cancellations independently. The airline had initially reduced the number of air tickets from 38,000 to 33,000 per day, resulting in a daily cancellation of 5,000 tickets. After weeks of negotiations, EVA Air and its pilots’ labor dispute reached a settlement with the coordination of Vice Premier Cheng Wen-tsan. The pilots’ union initially demanded a 20% pay raise, but EVA Air agreed to an increase in addition to the previously announced wage adjustment. The new arrangement includes additional monthly payments for pilots, senior deputy pilots, and deputy pilots. The airline has also agreed to revise the annual salary increase limit.2024/01/29 17:34 -
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