A letter from Management earlier this year. (As comment for NR about company bottom line)
Company X achieved the highest EBITDAR margin and became the third most
profitable airline in Europe including all carriers, LCC's and legacy ones, in our last financial year ended on 31 March.
"DEFINITION OF 'EBITDA MARGIN'
A measurement of a company's operating profitability. It is equal to earnings before interest, tax, depreciation and amortization (EBITDA) divided by total revenue. Because EBITDA excludes depreciation and amortization, EBITDA margin can provide an investor with a cleaner view of a company's core profitability."
As reward a bonus was provided this year
Let me thank you for your relentless commitment to the Company with a
special gift, two return tickets available for you on the website.
Use these tickets to visit one of our great destinations you’ve always wanted to travel to and treat yourself and your loved one with an amazing trip.
You change people’s lives every day – now it's your turn to enjoy the opportunities that flying with Company X brings.
You all truly deserve it.
Hmmm it is mind blowing, how out of touch with reality management can be!
It's like I should go to a restaurant and spend 1000 Euros on dinner, and leave 50 cents in tip! Personally I find this insulting.
A320 if you sign a contract that tells you when you get 1000 hours you should jump off a bridge, it does not make the contract legal! I highly doubt that these contracts are either legal or fiscal correct. But that is a discussion for another day!