Not good im afraid. The company believes inflation is officially running at 8 percent yup 8 percent in Dubai can you believe that. 5 airlines in USA into chapter 11 we were told that it should release quite a lot of NG rated pilots. Oh lets not forget the oil price. Oh and the oil price and oh yes the oil price!! They also believe housing allowance is quite inadequate and are aware of this but at the companies official line of 8 percent inflation would not hold out for anything above 10percent increase making it a whopping 155k AED for captains 35K less than royal jet cabin crew housing allowance!! Profit was over 1 billion USD but still waiting for the official audit and the big grab of dividend payouts before the announced profit. So in summary increases on the way.... 3 percent on scales plus 7 per cent to make it a world beating and inflation busting 10 percent on salaries. 10 percent on housing allowance
a little tinker with schooling allowance, 20aed per hour flight pay, 6 weeks bonus....... Then look out for the next wave of cost neutral directives, possibly an increase in the OT thresholds....
