So EK is making money. Lots! High load factor, higher prices plus cargo limited by crews, cargo prices up, more contracts than cargo management can actually accept.
How am I sure? Well apart from the normal chats and rumours, EK always tries to use up some of the excess cash before end of year therefore not having to pay out the profit share. So what did they do this time - $1 billion cabin refit! You all saw it!
Also EK has just been able to get hold of the $85 million held in Nigeria. So that’s more money in the coffers.
Speaks volumes having all this cash they can’t pay us back the remaining 4 months of half pay they owe us out of the 6 ! Also more notably nobody seems to address the issue in the fleet updates. It’s an uncomfortable subject , so let’s pretend to forget !
It has not been forgotten!
somebody in EK ought to address this asap