OK, reality check for our visionary leaders: your employees are leaving in droves. Maybe it is time to sweeten the (sour) deal a bit:ugh:

Did they ever announce a profit target:confused:

. Strong business growth continues with 18% more passengers carried
. 165% increase in net profit over same period last year
. Contribution to U.A.E economy in first six months estimated at Dhs 24
billion
DUBAI, U.A.E., 5th November 2009 - Emirates airline produced a net profit of
Dhs 752 million (US$205 million), for the first six months of its current
financial year ending 30th September 2009. This represents a 165 percent
improvement compared to Dhs 284 million (US$77 million) net profits for the
same period in 2008.
During this period the airline made an estimated direct contribution of Dhs
10 billion, and an estimated indirect contribution of Dhs 14 billion to the
U.A.E economy, carrying over 13 million passengers and over 700,000 tonnes
of cargo, and in the process also helped other businesses operating at Dubai
International Airport achieve growth in revenue and traffic.
Emirates supported and stimulated growth in the aviation and tourism
industry by continuing fleet and network expansion with eight new aircraft
added, two new destinations launched and additional frequencies introduced;
progressing its ongoing programme to install the latest inflight
entertainment systems and mobile connectivity across its fleet; and
investing in the training and retention of its 29,000-strong staff.
In addition the airline invested over Dhs 40 million to activate two major
campaigns promoting travel to and via its Dubai hub: "Keep Discovering
Dubai" launched with industry partners in April-June hosted over 2,000
travel and media representatives from all over the world to experience
Dubai's latest attractions; and "Meet Dubai", Emirates' largest investment
to date in a single global advertising campaign, showcasing Dubai's unique
appeal through its people and residents.
HH Sheikh Ahmed bin Saeed Al-Maktoum, Chairman and Chief Executive, Emirates
airline and Group said: "Emirates remained focused on its long-term strategy
despite the global economic slowdown. We have continued to invest in our
eco-efficient aircraft fleet; in strengthening our global route network; and
also in supporting the infrastructure for our growing business.
"The months since the global meltdown have really tested our mettle. Unlike
others in the industry, Emirates did not cut back on its product, service or
people. Instead, we invested in these areas and looked to our people to
develop ever more innovative ways to manage costs, improve efficiencies,
reallocate resources, and drive alternative strategies for the business.
Emirates' latest half-year performance testifies to the airline's strong
business foundations and agility in adapting to the challenging global
economic environment. "
In the first-half of its financial year 2009-10, Emirates posted strong
business growth, both in terms of capacity on offer and traffic carried
compared to the corresponding period in 2008, performance that has been in
stark contrast to the current trend seen across the aviation industry.
Capacity measured in Available Seat Kilometers (ASKM), grew by 22%, whilst
passenger traffic carried measured in Revenue Passenger Kilometers (RPKM)
was up 21 percent with Passenger Seat Factor sustained at a high level,
averaging 77.5 percent, slightly down compared to 78.3 percent for last
year. The volume of cargo uplifted was in line with last year.
Total revenue at Dhs 19.8 billion (US$ 5.4 billion) was lower by 13.5
percent compared with Dhs 22.9 billion (US$ 6.2 billion) recorded last year,
largely reflecting lower passenger and cargo yields. However, total
expenditure at Dhs 19.0 billion (US$ 5.2 billion) was 15.8% lower than Dhs
22.6 billion (US$ 6.1 billion) last year, helped by cost containment
measures and lower jet fuel prices.
Sheikh Ahmed added: "While some say the green shoots of economy recovery are
sprouting, we expect it will take at least another year or two, before
demand for air transport and travel services starts picking up again. In the
meantime, Emirates is well-placed to weather the rest of the storm. We will
continue to chart our course with long-term goals in mind while staying
flexible to maximise opportunities and mitigate risks."
Emirates' cash position (including held to maturity cash investments of Dhs
200 million) on 30th September was Dhs 6.7 billion (US$1.8 billion),
compared to Dhs 7.4 billion (US$2.0 billion) six months earlier. This was
after funding a significant ongoing capital expenditure programme that
included pre-delivery payments for new aircraft on order, building projects
in Dubai, and an upgrade of the interiors of some of the existing fleet.
During the first half, Emirates successfully raised aircraft financing of
Dhs 3.3 billion (US$0.9 billion).
Since April 2009, Emirates has launched passenger services to two new
destinations, Durban and Luanda, expanding its global network which now
spans 101 cities on six continents.
Emirates' current fleet size is 139 aircraft. Since the beginning of its
current financial year, the airline has received delivery of eight new wide
body aircraft, with another 10 new jets scheduled to be delivered before the
end of the financial year (31 March 2010).

What is your definition of droves ? I would like to think the number is big but its not, sorry. Lots of pilots pissed off at the moment and EK could care less, money talks right now and is the only concern. They would like nothing better as to lose a lot of high payed Capt's, not worried about the loss of experience til a hull loss, that would put a whole new spin on things

"...we invested in these areas and looked to our people to
develop ever more innovative ways to manage costs, improve efficiencies,
reallocate resources, and drive alternative strategies for the business."

You want to know how ? Read PPRUNE THREADS, THE BEST COMMUNICATION TOOL IN THE MIDDLE EAST.
LOL

....."and investing in the training and retention of its 29,000-strong staff"

PIGS ARSE.

So what contributed to the profits? Cuts. Cut costs increase profit margins. And cut they have. Staff on unpaid leave, pilots/cabin crew taking up the slack therefore relative increase profit margins.

This is the model for the future... less is more. It's flawed, it's short term and it's dangerous... but what do they care.

The only problem with a 165% increase is where it fell to. What was the profit a half year, the year before? $600m or so down to 77 now up to 200 so still only a third of the profit from 2007 and we have about 35 more aircraft. I am pleased we have made some dosh but don't see it affecting T&Cs yet but maybe it will trigger the minimum bonus if it continues for the rest of the year or maybe not.

Trigger the minimum bonus? Don't recall a bonus target being set....therefore no trigger..

Is it just me? I feel that every time I read a weekly update it said that we lost money... There were just a few times that they reported a profit. We must have killed it those weeks!!!!!!

Well sweet.... I guess this means we will be getting our much deserved pay raises really soon.... :rolleyes:

I seem to recall only a few weeks that showed a profit, the next weekly update , I'm sure, will explain how the company pulled this off. Maybe the guy who does the manpower planing does the $$$ as well

It's because they stopped us eating mars bars at the sim centre, we can finally turn a profit.

Cuts. Cut costs increase profit margins. And cut they have.

They've been doing that for years. Always cost-cuts have contributed to profits:


No more mars bars.
Reduction in allowances. Look at Heathrow, over the years.
Cheaper hotels where possible.
Cuts for the trainers a few years ago.
Pelesys - in.
Ground school - out.
Minimal training sectors for new pilots.
This year's overtime adjustment.
The utilities cap.
Cheaper drivers for the "limos". SaferDriver or whatever they call themselves. Most amusing, that.
No transport provided for "management" meetings (duty).
Idle reverse now standard.
Single engine taxi now standard.
Under-strength medical clinic.
Saving jars of jam - the propaganda posters say we've saved million$.
Rest in J Class (didn't work).
No more L1A cabin crew on those flights which had them.
Upgrade pursers and SFSs "trained" for months and months before release for service. And paid at the lower grade all that time!!
Cheap Lido charts instead of the industry standard.
No area charts for the captain.
And last of all, That **** K***les's FAMOUS COST NEUTRAL PAY ADJUSTMENT!!!!!I'm sure I've missed quite a few. It's good to work for people with a shrewd eye on the bottom line instead of frivolous wasters who drive a company to the edge.

Schweinhaxe

Challenging times agreed, but you need a break buddy.

. Who cares about the Mars bars?
. I never joined EK for the allowances, but I still have enough. Admittedly just.
. Compared to industry standard we do ok in the hotels. Great access to lounges thank you.
. Reinstatement of the salary for trainers.
. Pelesys, probably out.
. Ground school back in.
. Training sectors for new pilots increased.
. This year's overtime adjustment was a pay cut. Agreed. But at least we kept our jobs but it also made our package less competitive. But we're still here for now.
. The utilities cap. Not good, but read your contract, especially the bit that says anything can be changed. You signed it, as did I.
. Although you would still get a cab if you had to and they're worse. The standard of driving is rubbish, but how many time have you submitted a written complaint so things could be improved?
. One meeting without transport? Put it in the Mars bar category.
. Idle reverse now standard? No it's not.
. Single engine taxi now standard? No it's not.
. Under-strength medical clinic. I don't have the manpower data for the clinic and neither do you. I always manage to get an appointment though.
. Saving jars of jam? Who cares, but if it was my airline I'd do the same and it's good for the environment.
. Rest in J Class (didn't work). Yes a stuff up, shouldn't have happened but it did and they fixed it. Just like IAH.
. Never had a problem getting a coffee when I wanted one.
. Upgrade pursers and SFSs "trained" for months and months before release for service. And paid at the lower grade all that time!! I'm not a Purser so I don't care. Same category as UAE pilots, I don't care what they get paid as it's not my contract.
. I don't like LIDO either, but they work. So they get replaced more often. Someone else does that very nicely for me.
. No area charts for the captain. I got better things to worry about.

By all means have a rant, but put some spine into it PK. My 6 year old could do better than that.

Just got an email that said we have to start sharing rooms on overnights. That is why the glass on the briefing rooms has the small lines on it so you can choose your roommate first (I am so lucky to get there 30 minutes before the Captain now I can really get the best one). As you walk by you can pick your's out and when you go in to brief them....It's that easy. I don't see a problem!...Good luck and as always "Keep Recovering"!!!!!

Oh please...this'll be fun to watch!:}

What happened to, "Captain, the ugly ones mine".

Hard to get good Fo's, too many Mars bars perhaps.

And the media machine continues to work. Good luck guys, you have been had!

A net profit of $205 million has been announced by Dubai based Emirates airline group. This is a massive 165 per cent increase over the year ago figure.
Total revenue of $5.4 billion a drop of 13.5 percent compared with a year ago, mostly driven by lower passenger and cargo yields. However, total expenditure fell 15.8 per cent due to “cost containment measures and lower jet fuel prices”.
Sheikh Ahmed, Emirates Chairman and Chief Executive, said that while “some say the green shoots of economy recovery are sprouting, we expect it will take at least another year or two, before demand for air transport and travel services starts picking up again. In the meantime, Emirates is well-placed to weather the rest of the storm”.

These two fatties need a diet.. would provide more profit for EK, as the AC needn't be working so hard to keep them cool...
:ugh:

:yuk:

Hey Atiuta, you sound like the kind of employee our managers LOVE.
I’m glad you’re happy with decreasing allowances. You should save yourself the pain of night-flying and get a job with Procurements or with those two fatsos above.
Pelesys and ground school are being changed – true. Because it hasn’t worked. They still made savings out of it up ‘til now.
The utilities cap – “not good”. Well done, very astute! But the post was about the cost-cutting mentality which drives the airline, not the way we were screwed or the true format of the contract. Can you see the difference?
The J class rest. That they fixed it is beside the point (which you do not seem to get). They did it and enjoyed the savings while it lasted. People are trying to figure out how they made this profit. All these little things helped. Do you get it yet?
As for the L1A. Really. How can you be so ignorant? Who gives a frog’s fat ass if you get your coffee? The point is, yesterday IFS considered it UNSAFE for the galley to be unattended during the flight, today it’s just fine. Once again, safety is re-defined at the behest of the bean-counters. Do you even read the ASRs? Do you think the guys write them because they didn’t get their coffee??? Open your eyes!
With the clinic, I was told about the manning by a doctor. You’d think she might know what she’s talking about. In fact, I was told that by several doctors over the last 12 months.
Purser training. Good to see your solidarity. Does the phrase “...into line with the cabin crew,” come to mind?? Do you think you’ve already experienced the thick end of the wedge? Anyway, the original point was the cost saving but you seem to have no idea what the thread topic is. Same with Jam jars, LIDO, salaries, area charts... etc.
This year's overtime adjustment was a pay cut. Agreed. But at least we kept our jobs but it also made our package less competitive. But we're still here for now.
I really don’t know what to say to a brainstorm like that. :rolleyes:
By the way, the mars bars thing was IRONY. Maybe English isn’t your mother tongue?
Back to my beer......

Just got an email that said we have to start sharing rooms on overnights.
Hope it's not like the school kids on the buses, boys with boys etc :O

I am so lucky to get there 30 minutes before the Captain now I can really get the best one
Dream on son! It'll be on seniority and I'm older and uglier that you. Means that the later DEC's won't get first choice but hey, that's life :}

ps Did you read the small print of your email. If you're able to feel horny on arrival, you're not working hard enough so you're doing a turn-around :eek:

Typing skills? Yawn.... sorry, who had English as a second language?

On the EK profit, a very popular Travel and Hospitality Industry Digest, puts it this way: "Agile" Emirates sees profit soar.
Further down the article, it quotes the EK Chairman as saying this: ‘Unlike others in the industry, Emirates did not cut back on its product, service or people. Instead, we invested in these areas and looked to our people to develop ever more innovative ways to manage costs, improve efficiencies, reallocate resources, and drive alternative strategies for the business.

HERE WE ARE !
We know now who is having the Mars bars.
The ROSTER TEAM !:)
Ressources managment guys.
Thanks for making our life miserable, just for chocolate bars and 800 AED Silver Najm Award each.:D
Whatchout your BMI, it's very bad for your heart.
Pilots know it.

This year's overtime adjustment was a pay cut. Agreed. But at least we kept our jobs but it also made our package less competitive. But we're still here for now.



Yes we do have a job and I appreciate that. Let me point out something else, if we didn't have a job then they would not have made any profits or contributed huge amounts of money to the local economy. Perhaps that is something they should remember.

I am all for EK making huge profits but that is not why I came here. I came to have a good lifestyle and make some good coin. Both of these have been eroded significantly.

If at those meetings a few months back the Captains were told cutbacks have been considered and rejected but in return they wanted us to get more proactive in finding ways to improve cost during our flights, I think the net result would have been higher profits. Also it would be more inline with the companys last press release.

Another thing. Terms like ed or tcas might be ok here because there is a certain amount anonynimity, but to post pictures and names on a forum where they have no way of defending themselves is in very poor taste.:= They are just a couple of folks trying to do their jobs. Put yourself in their shoes.:(

7

Ok post deleted on what is a very minor pang of guilt, so minor I might repost tomorrow when sober.

These individuals are typical of the mindless twerps in EK who would shag their grandmothers if they thought it would get them one step up the ladder, I have no time for them. They are ruining our lives and marriages and will eventually kill one or more of our colleagues, eventually hundreds of our passengers, and who will be blamed, you will !

As for not cricket, thats the ruining of guys lives through stupid and mindless terminations/demotions, for what taking a photo.

As for TCAS and Ed being OK, do you really want to stand the moral high ground by calling a guy a C***T ! and yes everybody knows who he is, if you don't I have a photo :ok:

Oh balls A757:ugh::ugh::ugh: These folks are happy enough to be photographed for the monthly propaganda that is read by 30,000 staff.. You think they're worried that that a few people on these forums are going to see who they are?????? And what they do???? Heck - it's plastered all over Safar:hmm:

Or do you also believe that a blackboard's a chalkboard (this one's for you PC fools out there):ouch:

As for TCAS and Ed being OK, do you really want to stand the moral high ground by calling a guy a C***T ! and yes everybody knows who he is, if you don't I have a photo http://images.ibsrv.net/ibsrv/res/src:www.pprune.org/get/images/smilies/thumbs.gif


I said it might be ok. As for ripping apart the nice folk at headquarters, where do I sign up. I'm all for it. Just worried I might see my ugly mug all over these pages because some precedent has been set. :}

All over sarfar yes, but pretty sure no one is calling them fatso.

7

I have to say you're right about that A757 - the name calling is a bit pathetic:suspect:

The airline side of the business is only just turning a profit. Some weeks up, some weeks down. DNATA is where the money has been made. Reduced cost internally, increase handling rates to arilines into DXB.

Also I gather hedging has now kicked in as cost of oil has been rising. Large amount made on exchange rates.

Folks,

ref: that photo

As briefed by AS, the a/c was 5 hours late due to a tech prob. The crew were seen by pax and had photos/video taken of them by pax which were sent to the company with complaints.
The crew were dealt with by Fleet/Flt Ops but were then overruled by very senior management.
Yes, it was over-reaction by the 7th floor, but point the blame at the right place.

H-D

Atiuta,
You are a spineless pathetic streak of weasel's Stuff.
"Mummy at least we still have jobs":yuk:
"I didn't join for the allowances":mad:
excuse...excuse ...excuse...Do you want Ed's job? If so I know who you are.
This airline has expanded throughout the so-called crisis and it made US$400 million last year and $205 million in the first half of this year. We have more aeroplanes and they have been crewed with a combination of increased productivity and more pilots; productivity that has come at a zero cost to the company. Money that should have been in our pockets is now in the company's pockets .... but YOU want to make excuses and say it's ok. You worthless scrap of dog-tucker. You are a disgrace and if you do come from a native english-speaking (call it 1st world if you will) country you are vile piece of work.

Now now VBR, I have changed the necessary above. Make a passionate post by all means, but cut the language. You have been warned

...........lol...........

...I think VB has a sense of humour, he couldn't possibly be serious.

..incorrect...

He has no sense of humour or reality. Pathetic rant!!

"A*** takes it up the ***" (atiuta) probably knows he had it coming for being a tossiferous example of self-defeating jobsworthiness.

Just here for the good weather are you? :rolleyes:

While I'm pleased you are happy and comfortable with going backwards in T&Cs and you've got your cup of coffee and with your minimal allowances and sundry other recent rogerings (thus the name atuita???), it might appear the majority here are not.

Instead of straining your wrist letting us no how good it is to send the Prod Pay back to the company who are obviously suffering as you pointed out, perhaps your time would be better suited reading your ASRs and getting a handle on how things actually work on your aircraft??

How's that for a rant...

Just as pathetic as the previous attempt. Grow up!!

Jesus.... tough crowd!

Lighten up fella, it's not that bad!

But seriously, what does atiuta stand for then???

Hey Fractional, what publication is that in? Could u post a link/address to it...I'd love to read another set of lies....

Published: November 17 2009 23:23

Emirates, the Middle East’s biggest airline, should make a $1bn profit next year its chairman said on Tuesday, brushing aside the global aviation crisis that has seen rivals post record losses.

"I think that number will not be a problem to do," said Sheikh Ahmed bin Saeed Al Maktoum, who has been chairman of the Dubai-based airline since its launch in 1985.

"What we see from forward bookings is better than expected and what we managed to do in terms of positive saving in the last year or so is really excellent," he told the Financial Times. "I’m very optimistic."

Emirates made a net profit of 5.1bn UAE dirhams ($1.4bn) in 2008 but saw it dwindle to just over AED1bn ($284m) in the 2008-2009 financial year as oil prices hit $147 a barrel and the global economic crisis deepened.

This month, however, it said its first-half net profit had almost tripled from a year earlier, suggesting a much stronger result for the 2009-2010 financial year, which ends next March.

Many airlines remain concerned about the outlook for the coming financial year. British Airways (http://markets.ft.com/tearsheets/performance.asp?s=uk:BAY), for example, reported record first-half losses this month and has warned it is on track for a second consecutive full year of losses for the first time in its history.

There has been persistent speculation about the airline seeking a listing, especially since the global downturn has affected fast-growing Dubai.
However, Sheikh Ahmed said he was unaware of any such move by the airline’s owners, the government of Dubai. He added that Emirates current ownership gave it the ability to grow as it wanted to and contribute substantially to Dubai.

He said the airline could be ready in as little as a year for an initial public offering, which could see as much as a 30 per cent stake floated.
"If that decision could be taken easily, you could do it in one year or two," he said, adding: "No, I have no instruction to do anything."

Sheikh Ahmed, who also chairs a body overseeing the distribution of $20bn in financial support to state-linked companies, said the government would not need to resort to selling a stake in Emirates to deal with Dubai’s $80bn debt pile.

Some state-backed entities, especially those exposed to the real estate crash in Dubai, are struggling to meet unpaid invoices.
"We don’t need to IPO Emirates to give these companies money," he said. "I think these companies will manage to come out of it. There will be no problem."

He said there would be an announcement "before the end of the year" on the second $10bn-tranche of Dubai government bonds, the first tranche of which was funded by the central bank in an effective bail-out to help the emirate meet obligations on upcoming debt obligations.

Sheikh Ahmed, who is also chairman of Dubai Airports, said a combination of growing passenger numbers, lower fuel costs and cost cutting at Emirates put the airline in a much stronger position.

As recently as two months ago, the airline was not seeing a pick-up in bookings, but this has changed, with particular growth seen in South America, Africa and South East Asia.

Sheikh Ahmed said he expected Emirates could add up to three more destinations in 2010, including some in Europe such as Copenhagen.
The airline is also keen to fly to more countries in South America, which it regards as an important market. "It could be Argentina, it could be Chile," he said. "There’s many places we don’t’ fly to today, we could increase our market share."

While Emirates is the largest of the region’s carriers, Qatar Airways and Abu Dhabi’s Etihad have both grown sharply. The prospect of the three carriers making further inroads into the European market has already upset some of its rivals there, sparking allegations the Gulf airlines receive unfair government aid and cheaper fuel – which all three airlines deny.

At the last Dubai air show in 2007, Emirates surprised the industry by signing contracts for 120 Airbus A350s, 11 A380s and 12 Boeing 777-330ERs, worth an estimated $34.9bn.

It now has a total of 58 orders for Airbus’s A380, the world’s biggest passenger jet, making Emirates the manufacturer’s biggest customer for that aircraft.

Recent production delays have worried the airline, but Sheikh Ahmed said there was an "ongoing dialogue" with Airbus and Emirates was not looking for financial penalties.

New profit share target:

$1,000,000,001

There has been persistent speculation about the airline seeking a listing, especially since the global downturn has affected fast-growing Dubai.

Of course it will float to pay for the rest of DXB inc which is bankrupt. EK up until now has been a cash cow for other inefficient, bloated local monopolies now in need of bailing out. The BS about $1 Billion projected profit is just an example of the smoke and mirrors to come to raise the share price but I doubt any market outside the region would touch it with a barge-pole.

EK itself is set to implode; its over reached and under invested. Time will tell but just as EPI can't make 5% returns let alone 60%, Emirates will be a poor investment too. It won't fail though as the cousins in AUH won't let it.

spot on my friend!!

sheikmyarse- You have left EK have you not?

Time to let go.