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Old 11th May 2012, 06:14
  #72 (permalink)  
Dune
 
Join Date: Jan 2000
Posts: 210
Here is the link to the annual report.

Annual Report | Facts & Figures | The Emirates Group

Have a look at the Financial Information 2011-2012 document with respect to expenditure and Employee Cost as % of Total Operating Cost:

2007-2008-15.9%

2008-2009-14.3%

2009-2010-15.9%

2010-2011-15.6%

2011-2012-13.1%

A huge relative reduction in employee cost as a percentage of total operating cost for which you can be damn sure the SVP/EVP/SVEPP/SPVDDVP's, etc, etc, etc will all be receiving a considerable "performance" bonus (every senior manager in Flight Ops) on the back of your considerable increased productivity for the year.
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