To put it in historical perspective - Pay raises/bonus since 2000.
I have combined step or lack thereof in the raise number and called it a pay raise for simplicity
I do not have profit share or Edu support allowance numbers from 2000-2007.
2000-2007 numbers were provided by a colleague
05/00
3%
05/01
5%
05/02
6%
05/03
3%
05/04
5%
05/05
11%
05/06
10%
05/07
9%
Pay raise/profit share/Edu/housing since May 2008
05/08
12% 14 wks
05/09
0% 0 wks - GF Crisis
05/10
6% 3wks
05/11 (edu fund 32-40/54-60)
8% 12wks
05/12
3%
05/13 (edu fund 40-42/60-63)
3.5%
05/14 (staff travel erosion)
3% 3wks (edu 42-46/63-70)
housing up to16075pm for CAPTs
05/15
3% 9wks (edu 46-47.5/70-72.5)
OT thresh 88h
2012-13 prof target 3.5bn dhs (achvd 3.1bn) 10/5/13 - Target not achieved - no profit share
13/14 target 4.22bn (1st half 2.2bn) 8/5/14 - 4.1bn achieved - Target not achieved- 3 weeks profit share
2014/15 target 3.7bn (rwy closure)
1st half achieved 2.2bn - 2nd 3.2b for a total of 5.5bn) - 9 weeks profit share
2015/16 target 7.7bn
(1st half 3.7 achieved)
Make of it what you will - but I believe they will save a pay raise of 5% on top of step for all EK group UAE employees for next year to cover VAT.
This years profit should be on target - as to the "very recent positive" package developments email from JAROPS - (repairing ops 😉
The longer they wait the greater the expectation - which is not a good thing for them and I just think the rot is very deep for there to be any change in sentiment unless it's a blockbuster.
Not holding my breath.
Since we moved to new HQ - the Atrium show has usually taken place on the third Thursday of April at 10am except for 2013 when there was no profit share.