TAIPEI (TVBS News) — EVA Air saw a more than 5% increase in early trading on Monday (Jan. 29) after reaching an agreement with the Taoyuan Union of Pilots (TUP) a day earlier, where the union promised not to strike during the Lunar New Year holidays.
Other companies such as Lion Travel, Phoenix Tours, Richmond Tours, Life Tour, and China Airlines also saw a roughly 2% increase in their share prices due to the positive news. A formal contract has been signed between TUP and EVA Air.
The labor agreement includes a monthly salary increase for pilots of NT$13,500, an increase in allowances for the first half of the year, a refusal to hire foreign pilots directly, and no further disputes on these three points until May 31, 2026.
Not only did the potential strike of EVA Air pilots meet resistance from the travel industry, but government departments at all levels also responded sternly. The agreement is viewed as a mutual compromise to protect passenger rights.
EVA Air remained tight-lipped on whether the wage compromise will impact future profitability, commenting only to ensure passenger rights, actions have been adopted to reach an agreement with the union.