EK Profit Share....

[bobsback]

Now this is unusual. We always get an invite to the grub & chit chat affair quite early however no-one & I mean no-one seems to have an idea of the date or the place...why?:bored:

Anyone got anything to offer? (apart from 12 weeks that is?):p

[Maverick]

I think it will be a good idea getting used to change...and not expecting the same carrots every year...

Management always wants to save where ever it can...

Do we really think that they would treat pilots the way they do unless they knew for sure that they could do or NOT do things and get away with them...

I think its time that we looked at real issues like having permission to have our unions for handling serious and mature issues ( not petty or immature ones)

OR

Set the industry norms ourselves right from the start by speaking to all flying schools and telling cadets NOT to pay for type-ratings to get a job which gives the message out Loud... WE WILL PAY TO FLY.....!!!

There are a lot of issues in the Aviation world which will not be solved by mere complaining and showing disapproval of....They need to be approached with a Unified Voice with the Pilot Community coming together as ONE.

[bobsback]

Does that mean you don't know the date?

[puff m'call]

You mean you actually want to got to the stupid thing, do you enjoy sitting there listening to someone talking crap, blowing smoke up your a$$ and then telling you what little profit share they can afford to give you because of the rising cost of oil. :ugh:

I'll save you the trip..... You've been great this year thanks, doing all that overtime, flying illegal ULR flights with inadequate rest. The next twelve months are going to be just the same or worse, but hey whatever! :ok:

If you do go don't forget to clap and cheer with all the other Muppet's when Sheiky boy say we've had another record year!!!

You should stay at home on your hard earned day off or go the beach and relax, whatever the result it won't change by you being there.

Keep discovering.

[Mister Warning]

Well said, Puff. You are spot on.
Always used to amuse me when I cared enough to go (ie was an FO!) how many dish-dashes were enjoying the free buffet then how few were to be seen in the subsequent meeting!

[14wheeler]

Let's call it what it realy is, a "bonus," and stop calling it a "profit share". At the end of the day they've decided what tip they going to give us regardless of the the profit and the silly little formula.

[ShockWave]

It is probably the same reason we were not offered any free access to the air show last time it was on. ie. The person responsible for standing up for us and putting in an effort on our behalf has since retired.

[cuberoute]

When are we supposed to hear the decision . I was told today is the day !!!!:confused:

[max AB]

I don't know why guys are sweating this but for what its worth, the profit last year was not publicly announced until Apr 26th. So still a few days left to get invited to the ball.

[Fart Master]

I think the jars of EK vaseline are being put into our FC boxes in the next couple of days...........Ben Dover here it comes:E

My guess is 7% + 3% and 4-5 weeks, even though it should be about 40-50 weeks if the rules were followed:*

[vbrules]

Invitation extended to pilots for meeting on wednesday 30th April

[Sheikh-It-Easy]

Come on Guys. We made a HUGE profit this year so the company will be equally benevolent. Instead of the customary jar of vaseline - we get a extra generous tube of KY Jelly.

[bobsback]

30th April Airport Expo 1400hrs finger buffet 1300-1345hrs. I'm going for the food:D MIght as well get something out of it

[ShockWave]

Mutley... Leroy made the effort each year to get us passes, when he left no one in the office even tried on our behalf. If a few guys have done the wrong thing in the past, it was never mentioned to me as a reason for not allowing us trade access. They were probably all to busy climbing over each other to get a ride on the 380 to be bothered with the masses.

[Fart Master]

IMHO none of the pilots should go, even if it is just a small show of our contempt, I think it would send a message to AAR etc and his cronies:hmm:

[Fart Master]

Fair point:*

[bobsback]

I reckon I can eat 12 weeks worth of profit share...WOW! Bring it on! I will get my twopence out of this company yet!?:)

[thefoxandfirkin]

Well if you do eat it, it will make up for those pathetic crew meals which wouldn't keep a small mouse happy. I'll have to bulk up too :p

[Sheikh-It-Easy]

According to a local newspaper - profits jump 40% to 5 Billion dhs (USD 1.36 Billion). I guess we will find out soon enough on the 30th.

[ekpilot]

nope! we get 25% of 360M

[trimotor]

..plus 2 weeks for meeting target

[baob2oba]

= 8 weeks ?..

[GoreTex]

I know how much we get from a reliable source, ITS NOT ENOUGH

[puff m'call]

If you're off on the 30th take life easy, stay at home and put your feet up because you deserve your days off.:ok:

Your can read on the portal, or even here! how little you're going to get, you really won't be missing anything at all.

It won't change things by being there, and the buffet really is no better than what your wife can knock up for lunch, as you well know in emirates, if it's free it's going to be crap!!!:ugh:

[Sheikh-It-Easy]

Great idea!

[BigGeordie]

I think Thylakoid is correct in how the profit share is calculated. However, as we get more employees we should make more profit so the profit share shouldn't go down because of that.

However, I think it is all just smoke and mirrors anyway and it will be "adjusted" by the bean counters to as little as they feel they can get away with without mass resignations.

How does 5 weeks sound?

[oz in dxb]

I personally think it will be 12 weeks (a big one) and then the end of profit share/bonus. Rumours are that we will be given shares in the company.

[clevlandHD]

12 weeks sounds right. 10% pay rise, maybe less. All other perks will get official inflation( one third of reality).

[MumbaiRadio]

11 weeks, 7%+3% on basic, variable pay doubled... the usual 'well informed' say. :rolleyes:

[Rabbitwear]

6 weeks and no payrise , maybe a reduction in flight pay. The aviation boom cycle is always very short.

[halas]

LOL Love it :D

halas

[GoreTex]

eklawyer, cant agree more with you, guess the other boys are still on their honeymoon.

[Check 'Six']

EK Lawyer, you are a beaut! I pissed myself laughing. Brilliant.

Ok here goes! 12 weeks bonus. 3% + 9% on basic, + 100% on flight pay. Overtime 650 for Skippers and 390 for FO's. 12% 0n Utilities.

Check 'Six'

[GoreTex]

6,
if not I stick ze bajonett in ze head

[bobsback]

8 weeks, 5% + increment. No increase on flight pay. Utilities maybe 7%

see if I'm wrong!

[BIKKERDENNAH]

5 weeks bonus, 7 perc plus 3 perc,20k aed increase in utilities,OT 500 aed per hour but with an increased threshold to say 83 hours.. 65 aed per hour flight pay,new joiners higher utility allowance than existing pilot workforce to entice them to take rented accom or to buy straight from the outset!! (You guys like that one;)), 10 percent inc in education allowance. Meal vouchers... IF YOU DONT LIKE IT LEAVE YOU LAZY PILOTS.............:ok:

[flyhigh88]

Singapore airlines will be announcing thier bonus and profit share pretty soon.heard that it will be 28 week just like last year and maybe more.

[Rabbitwear]

You guys are in for a very rude shock if you think there will be any payrise.

[oz in dxb]

SQ gives nice big profit share because they pay it on your basic pay, like EK.
However your base pay at SQ is a lot lower than our base pay. You make your extras from your flying pay which is a lot higher than ours.

I would think that SQs 28 weeks is equavalent to us getting 14 weeks. Maybe not precise but close.

[TangoUniform]

Not even close.
If you take their basic s$9300/mo = s$2325/wk 2325X28=s$65100 s$65100x.75= USD$48825 (with 10% taxes then $43942)

30,700AED basic for yr one or two B777 capt per month
30,700AED/mo=7675/wk 7675AEDx14=107450AED
107450AED/3.69=USD$29120

Easier way to work it is their US dollar amount per week is $1743.
Ek dollar amount per week using 3.69 is $2079.

They make about 16% less on the basic...but, they get paid 13 mo's plus last year 24 weeks which nets 28 weeks. But they do pay a 10% tax.

Scary stuff to put one's limited math skills on display. So if I made any glaring mistakes, blame it on too much sun and sand in my eyes...


Posted on another site on PPrune....


B777 Captain: in S$ per month

Basic: $9300
MVC (Monthly Variable Component) : $767
AVC (Annual Variable Component): $767 x 1.15 (paid lumpsum in June for whole year)
Meal Allowances: $2000 (on average, including in-flight & overnight allowances, incl 6 weeks leave, tax-free)
PPA (productivity allowance): $4000 (on average, incl 6 weeks leave)
Transport: $120
Bonus: Between 3 to 6 months of (basic+MVC+AVC)...simplified explanation
13th month "Bonus": 1 month (basic+MVC+AVC)

Income Tax (approx): $2500 (locals), $3500 (expats)

For expats:

Housing: $ 3200 (adjustable, barely, $3100-$3500)
Schooling: $1400 per child for 2 children
Gratuity: $10,000 per year (on completion of contract)
Joining Bonus: Upto $30,000 possible

SI (Service Increment) for every year of service: Approx 3% of basic, incorporated into basic. This year may be more, as inflation has touched 6.6% versus an average of 2-3% over the past 15-20 years.


Lots of other variables like housing etc. but we're just talking cash....

[flyhigh88]

9.3k is correct but u did not add the MVC as for many years it is as good as fixed.so the correct basic should be 10k.As for nightstop allowance ( layover in Ek terms ) , we get at least double or triple those Ek boys get.Ek get less than USD 100 for 24 hour nightstop. but anyway,money and cash is one thing,if u look at the other thread,Ek layover hours is as good as "only" enough to sleep in the hotel room.no time for sightseeing.in SIA,long haul flights minimun is 48 hours and ULR is min 72 hours. as far as i know,IAH,JFK,LAX is all going to be 24 hours and minus those transport and etc,barely even 20 hours.So you are killing your health which end up paying your medical in the future.and not forgetting the crazy inflation in dubai.also we only fly "only " to excellent destination with excellent airport and not some crap places.

[Life Vest]

Waiting waiting waiting, I've just headed away on vacation and need to know how much the Profit Share, no make that, Bonus is going to be. Don't want to blow it all on the first day.
What time does it normally get announced, (DXB time)?
:cool:

[Wiley]

Sooooo... any last minutes bets? I saw a very senior VP last night, who assured me, with a straight face, that it would be 12 weeks. Personally, I think he was dreamin', but would love him to be right.

I'd be very (pleasantly!) surprised to see anything more than six weeks.

[airbus757]

I say 10-12 weeks.
with 20-23% pay increase
and the other oven-mit.

7

[Saltaire]

Last minute line on a lower 8 weeks,

3 plus 7% and large increase on the flight pay, about 50%. You work you make, you don't, tough luck. It's all about productivity folks.

[jumbo1]

Inflation is "only 11%" or less according to EK so dream on if you think we will get anything more than that on basic at best. I suspect 50-100% increase in flt pay but minimal on basic. Flt pay is non pensionable and non profit shareable.
Anyway, speculation is worthless - so wait until the announcement. Then you will know what we are getting. Everyone knows a VP who says ......
Been here too long maybe - too cynical I guess. :ugh::ugh::ugh:

[BigGeordie]

The SVP might be getting 12 weeks. Remember the senior management get an awful lot more than the great unwashed.

[Wiley]

Touche, Gig Geordie. I didn't think of that. (If he's right, that translates into the usual 4 weeks for us, the unwashed hoi polloi, I think.)

[fourgolds]

SQ seems to be the sensible move.

[jacek6]

Emirates airline reports 62 per cent rise in profit

By Saifur Rahman, Business Editor
Published: April 30, 2008, 11:45
Dubai: Emirates airline experienced a 62 per cent rise in profit in the fiscal year of 2007/2008, the carrier reported on Wednesday.

Despite rising fuel costs, profits at Emirates hit the Dh5 billion mark in the fiscal year up to March 31, Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Group said.

Overall profit for Emirates Group rose 54.1 per cent, representing a Dh47 billion contribution to Dubai’s economy. This figure stands for almost a quarter of the GDP.

Emirates Group’s revenue in 2006 was Dh31.1 billion, but now stands at Dh41.2 billion.

[Ark Engel]

So come on whats the deal?? How many weeks or Months or years are talking. Someone must know???????:ooh::D:D:D

[sbh684b]

Trust me, we are all waiting, should now in next hour

[airbus757]

I say 10-12 weeks.
with 20-23% pay increase
and the other oven-mit.

7


Just saw on another thread that the airline has payed a dividend to the government totaling 1 billion DHS. This will bring our profit share from 10-12 weeks to 4-6 weeks.:yuk:

7

[troff]

Awlmos' two o'clock.
An' da winner is...?
Shoulda 'ad a pool on dis one, 'eh?
T

[airbus757]

we (oui):E

7

[Ark Engel]

7 what???:rolleyes:
Post it ere for us poor kiwi mushrooms:zzz:

[Rabbitwear]

Well what did you expect thats about 62% more than 4 weeks

[sbh684b]

Ok its been anounced


14 weeks

Jipeeee

[Kpt40]

Just heard 14 weeks. Not Verified yet.

OOPs-guess it has been!

[B77300]

Fourteen Weeks!

[Ramboflyer 1]

No you owe the company 14 weeks...........

[ektdboi]

14 weeks:ok:

[Flagg]

What about salary increase?

[rakedwings]

yawn! yawn!, where are all the cribbers.Bring on the juice boyz.:cool:

[camber]

From the Chairmans mouth:
Chairman




Dear Colleague,

I am very pleased to announce that the Emirates Group has achieved record profits for the past financial year, 2007-08.

The group profit share target was set at Dhs3.75 billion, which we have surpassed.

You are, therefore, entitled to a bonus, equivalent to 14 weeks' pay, in your May salary.

Thank you for your hard work and dedication.

Ahmed bin Saeed Al-Maktoum

[johnnyramjet]

i just heard 14days

[Check 'Six']

Well done and thanks to his Heighness. 14 weeks is very good. Thank You very much.

And now we wait for payrise? HE HE HE HE.

Check 'Six'

[vbrules]

Tell The Wives 4!!!!!!

[BigGeordie]

I am presently surprised, I expected less than half that. However, the cynic in me wonders if this is to sweeten the blow of a less than fantastic pay rise? Hope not.

[Flagg]

When is the payrise usually announced?

[Sheikh Your Bootie]

Well spank me senseless, pleasantly surprised http://www.clicksmilies.com/s1106/spezial/jasons_smilie/gossip.gif

Just need a decent payrise Habibs, to keep us fed and watered the rest of the year. I hope the Sheikh will grant us a decnt one, inshallah!

SyB :zzz:

[330 Man]

The pay review is usually announced in the first week of May. There was one year though, that it was not until the 16th or so. That was too late for the May paycheck, so it was on the June paycheck, retroactive for May.

Regards,

330 man

[bobsback]

“As we plan for the next decade, our biggest challenges will be to find more pilots, engineers, cabin crew and skilled staff across our various business units. Fortunately, Emirates has thus far been a strong employer brand, with more than three million unique visitors browsing job opportunities on our online recruitment website last year, from which we received over 288,000 applications for positions within the Group. Being based in Dubai also has its advantages as the city itself is already preparing to welcome 15 million visitors by 2010 and there is massive investment in infrastructure to serve and attract the increasing number of expatriates.”

Looks like they have an idea about the need to pay to get the right people too!

What month do we get our 3% increment?:O

[GMDS]

Well, this looks good. Thanks to EK, it's the right track, as it looks like a "profit share" and not only a bonus. :D

[Wizofoz]

No you owe the company 14 weeks...........

Sorry Rambo, thought you were just a pessimist. Now I understand you are a stirrer and a troll. Do us a favour and **** OFT!!

[menard]

It's great, hope the pay review will be in the same direction.

It however doesn't make the other irritants (rosters, vacations, inflation, traffic,etc.) disappear...

I will enjoy today, and wake up to reality again tomorrow...

It was well needed....

[Scooter Rassmussin]

Dear Wiz ,
I think Rambo is right you will pay by losing 14 weeks of your longivity for the appaling working conditions you guys have .
You never get anything for nothing especially in the ME.

[waldorfin]

Oh GO AWAY you "profits" of doom and gloom. Just for a day anyway.

[alwayzinit]

14 weeks!

Great:ok:...............................


oh bugger she's already spent it!:mad:

Alwayz

[Marooned]

It was a bl**dy hard year and yes, 14 weeks is very much appreciated.

We all earned it, every cent.

[Greensky]

So the TC rumour wasn't a rumour then. :)
Time for another bottle of bubbly... hic..hic.. :ok:

[5star]

Shall I cut and past my post from April 9th again? Here we go:

"
I'm betting on a BIG bonus (even close to 16 weeks) and only a marginal pay increase (maybe 5-10%). By far the cheapest formula for EK: 1 time expenditure, no risks for the future and most of the skippers are blinded by a bonus....

Zero impact on pensions, future pay....AND they can attract huuuge crowds with this big carrot...
Some senior skippers may jump the ship now but I think EK doesn't care so much. They only work big numbers and most of us are stuck here anyway (at least for a while).
They set to the tone with the rosters last february.... right?

They are very very clever."

Now get ready for 5 to 10% pay rise. Wait and see....
Remember they are more clever than you....

[yankee22]

Does anyone know if there will be deductions from this bonus? For example: I contribute to the provident fund 'C' account.

Can I expect my 10%contribution to this account to be deducted from the bonus check?? Anyone in the know???

Likewise... Is the standard A (12%) + B (5%) account deductions applicable as well?

Just trying to figure out how many Russian ho@#ers I can factor into the equation... :}

[Dropp the Pilot]

multiply your monthly salary by 12, divide by 52, multiply by 14. This is the amount that will appear on your May paycheck. To the dirham.

Sorry to dissapoint the conspiracy theorists but that is about as arcane as it gets.

[yankee22]

Does anyone know if they apply the ERP to that sum of money?

[harry the cod]

Yankee

C'mon buddy and get yer **** together. Profit share is an added bonus to what would be a normal months salary. It's based on BASIC salary. No deductions from this, no ERP added, no fund C contributions, no training allowance, no education deductions................. What you do with your 14 weeks is up to you.

I guess the Ruskies are waiting...........................;)

Harry

[145qrh]

The Master throws his loving hunting dogs a morsel of the bag, now they will roll over and let him tickle their tummy's...again.

Lets see profit $1.48 billion prophet.:) thats $1,480,000,000

We get roughly $50,000,000 split between 1800 ish pilots. about 0.3%.

Not knocking it, in fact I am absolutely delighted , but don't be blinded by the number 14.

It probably just about makes up for last year, and the previous cost neutral changes, never mind the year before that

And as the previous post, big headline, small cost, attract the fools blinded by the pot of gold , trap them and voilà ..no need to pay big for a couple of years again..

Call me a cynical barstewrd if you like, lets see if spending 14 weeks will put a smile on my face...:}

[Flagg]

Some people will just never be satisfied.

[Wizofoz]

8 weeks, 5% + increment. No increase on flight pay. Utilities maybe 7%

see if I'm wrong!

Well, you're wrong so far...

[halas]

Well l got mine ordered!

halas

[Leito]

Some people will just never be satisfied.


Indeed, and I thought that the mosquitos thread was bad enough. :eek:

There are airlinesclosing down and we complain because we've got 14 weeks of basic salary.


SIMPLY ENJOY IT AND THANK THAT YOU HAVE A SECURED JOB, YOU'LL KNOW WHAT TO DO OTHERWISE !!!! :ok:

[JuniorMan]

Wow!! I have got to get a job at Emirates.

[Guns-A-GoGo]

The line forms behind me!!!!!!!!!!!

Guns

[Ketek400]

All I can say is WOW!!!!!

[Ramboflyer 1]

Id give it all up for a basing tomorrow , here that Sheik A you can keep my bonus just let me go home....................

[Fart Master]

I wouldn't be surprised if this was the last year that the bonus is awarded, anyone seen the target for next year??

Sorry to piss on peoples bonfires but as far as I'm concerned if you split the bonus up into 12 months then added it to your salary then that's about what we should be getting paid wrt inflation in Dxb etc. So, no, I'm not excited at all, I just feel that we have now earned a fair salary amount for the last 12 months.

Another thing, the '05, '06, & '07 bonuses where a crock of s**t, this one is the first one in recent years to POSSIBLY reflect the truth, and I guarentee you that once they have sucked in a load of pilots over the next few months, that next years bonus (If there is one) will be pitiful.

There is only one reason that the bonus was half decent this year and that was to attract fresh meat to the grinder, I don't think many of the existing pilots/staff are fooled by the politics of this.

.....I'll get me coat then:ok:

[Marooned]

Agreed FM.

Also take into account we have to cost cut to the tune of $100 million, added competition on routes and that most of us would like to avoid the amount of work it took to get this years share, next years will be much lower.

It was also a possible prelim to a floatation so it had to look good.

[Payscale]

So it took 20 hours for the doomsday sayers to craw into their caves again, some people are just never happy for more that 5 minuts.

HH, thanks for the bonus. Please let me stay for a few more :O

[Marooned]

PS you've been bent over so long you are actually starting to enjoy it.

Hope it improves your swing.

[Fart Master]

Payscale, I'm not a pessimist, just a Realist, yes I will enjoy the bonus, but I'm afraid that it has been well diluted by the last few years T&C's, inflation and BS 'profit shares' of the last few years.:suspect:

....and, yes, I know 'if I don't like it I can leave', but i'ts not quite bad enough yet for me to leave:cool:

[airbus757]

14 weeks is fair, and all I have to say to the company is you're welcome. My collegues and I have put in one hell of a year for the company to once again make record profits. Don't get me wrong, I want the company to remain profitable but the profit share is just our piece of the pie.

Once again YOU'RE WELCOME.

7

[ekpilot]

Very Very Well said ab757. I think that sums it all the best. No favor here. That's what i came here for. Like all of you i'm sure. Getting paid as much as possible is everybody's aim. No exceptions. Well maybe those "i'm so happy people" would say differently. When the bonus is less we say you're welcome, and when it's more we say you're welcome as well. 14 weeks bonus is a good business financially year i agree, no doubt. Same as Air Arabia by the way. Well done to all of EK's groups employees from bottom to top who have done very well what they are suppose to do and now collect the reward for their hard work. Nothing else. Good thing the target was not 300M higher cause... :E We are ALL employees except one and we all need each other to achieve the targets. Some get much less for much more work we all know this. But generally everybody works hard no matter where you are in the food chain, no exceptions. Does it fix the mess of EK and the zoo of Dubai? No. Personally all that retains me here is money. Quality of life? Doesn't count for me anymore. More minuses than pluses these days to live here. Working for EK in these conditions has to bring me enough money in the future for me to tolerate this freak show. Good thing there is more time behind me than ahead of me. The bonus closes 2007-2008 financial year for me. I still have to calculate my productivity for the whole year to see how much difference compare to last year before i start celebrating. Let's see how 2008-2009 financial year starts in a couple of weeks with the pay review. That's business and money we are talking about. Not happiness please :rolleyes: That subject is way overdone i think. In the mean time i wish all of you the best for 2008-2009 financial year. I know one thing, nothing is for free around here, and getting much much more expensive by the minute and you will deserve and need every single dirham you will earn with your hard word. This I'm a 100% sure.

In the mean time, EK you're welcome!

Keep discovering:ok:

[Sheikh-It-Easy]

Thanks EK. Looking forward to the payrise. :O

[galactica]

Funny numbers everybody is throwing away from all direction.
So far, unless you have children, got divorced or you are about to exit and convert your dhs in something else, well, you didn t lose much but it s hard to send money away .
I m glade i don t have to change my monopoly money in other currency just yet. That would hurt. Since most of us joined, we lost a hard 30% plus in exchange. Also, we don t get the 12 % pension on the flying pay. Can t go anywhere , the flights are full, vacations are out of price for families if ever you can reach destination. Does your wife work at all, if she use to, you lost that income too.

They are not short of pilots, just not yet. They offer additional summer peak leave, they are burning as much of the accumulated vacation and they slow down the Dec program.

What are they giving for housing ? Around 140 000 dhs for Capt, 120 000 for FO, Where can you get a villa for that money ? You need 250 000 dhs and above.
Bonus: last year 41/2 week, ho well, they just gave us back the last year missing bonus plus the one for this year.( 4.5 + 14 divided by 2= 8.25 weeks a year for the last 2 years. People forget quickly.

Soon they will train there own pilot ans lock them up for 10 to 15 years with them. Problem solve. Dont dream too much...

There is 1 positive thing, people pay a **** load of taxes back home on any income, we don t .
Funny to think that a first year A380 captain will be making a little less the 9000 US a month lol .
They have earased one of the pay scale last year so.....all of us ,except the new joiner ,actually whip-out one of the hardly earn 3 % raise of the past year since the joiner are one pay scale closer from us. Specially the DEC.
14 days off max per roster lol, hello commuters.
That will be funny to see all these cabin crew pocketting there bonus and flying away.
What s the next surprise? Sit down and wait, you have nothing to say.

[Lord Flashhart]

To the following-
Puffncall
Mister Warning
Fart Master
GoreTex
Big Geordie
Rabbitwear
eklawyer
BIKKERDENNAH

Please be big enough to say you were WRONG. Ha, it was a cack reading your whining posts of prophecy.

Oh and Goretex- time to stick that bayonet in your head.

OZ in DXB was the only one spot on.

[GoreTex]

the bajonett is stuck in my head.

[Wiley]

Flashy, I deserve a mention on your list. While I didn't exactly promise to bear my bum in Bourke Street, I was one of the naysayers and have to admit to being very, very pleasantly surprised.

With the unabashed intention of spreading the word to the many EK drivers not on Anders' All Pilots' Group, would anyone like to comment on Manuel's suggestion that we all gain a bit of good karma by sharing a very small slice of our good fortune with Maria and her incredible Dhaka Project?

No one will be surprised after reading the above that I think it's an excellent suggestion. Even 50 or 100 Dirhams from each of us would make an incredible difference to DP's bottom line, while given the amount we've all received, some might feel they could add another zero to their contribution.

It's simply a matter of slipping an envelope with a cheque or a banknote (or two) in it into Box 500 at the CBC.

For those not familiar with the Dhaka Project, the creation of one of EK's Flight Attendants, see: www.thedhakaproject.org

[Check 'Six']

Good Call! Box 500 at CBC. Done!

Check 'Six'

[Fart Master]

Lord D*ckhead, you're right, my estimate was wrong......... and your point is:confused:

Sorry just don't get the relevance of your post:confused:

[Lord Flashhart]

Fart Master- Maybe my point was- What comes out of your mouth seems to come to be the same as your handle indicates.

Certainly you are full of hot air.

Wiley-

Excellent suggestion, I will drop off a cheque on Monday.:D

[Ghostflyer]

Magnificent news, I certainly didn't expect that much. It certainly helps to put us closer to where we used to be. A friend and I were discussing the numbers last week and they make interesting reading, the exchange rate is the big killer and the 'cost neutral' scam; otherwise we would be doing pretty well.

In 2000 a starting Captain made (including pension 12%):
315840 AED Salary and pension
21692 Profit Share (4 weeks)
337532 Total = $92,000 or 59,000GBP (1.55 rate)

In 2008 the same guy got:
399840 AED Salary and pension
96115 Profit Share (14 weeks)
36000 Flying Pay (800hrs/year)
531955 Total

The 'cost neutral' cost 20% credit so this factored for the same work in 2000 (In 2000 at the current workrate we would have had serious O/T):
425564 AED = $116,000 = 58,000GBP (2.0 rate)

If you worked on conservative average inflation of 8% since 2000, the dollar amount to match 2000's salary would be:
$170,000, in comparison the starting guy actually got $145,000 for 20% more work. So even with the bumper profit share, if you came from a dollar based currency, the decline over that period was 17% salary for 20% more work, or from GBP neraly 30%.

So whilst I am delighted to take the profit share, I still would have preferred our base terms and conditions to have returned to 2000 levels rather than the one off bonus which will probably not be repeated. Other sectors have had raises of 70% this year or more (including ATC) to try and make the package truly competitive at todays prices. That is why the old timers are cynical; they know that the 14 weeks has been generated by increasing their productivity and pay lagging inflation over the last few years.

I see there was no profit target set for next year, does that hint at an IPO? Maybe this is all part of the PR ramp up for the listing. Now if we do get a great payrise, that would change the picture entirely.

Ghost

[MTOW]

Good idea, Wiley. "500 into box 500" has a nice ring to it. What's that? - about 1.5% of what most of us got.

[harry the cod]

Ghostflyer

The target has been set at 5 Billion for next financial year. We achieved 5.3 for 2007/8. Profit share is very much alive and well for another year at least!

Harry

[Andu]

Ducking the incoming mud pies, allow me to re-post MTOW's excellent post so it's on the active page:Good idea, Wiley. "500 into box 500" has a nice ring to it. What's that? - about 1.5% of what most of us got.If you feel parting with a 'bluey' is too rich for you, slip a 50 or 100 into Manuel's box.

[donpizmeov]

Anyone know when the pay review is going to be announced? Is it very quite or have I missed something?

Show me the money!!!!!

Don

[mini cooper]

Over the past few years the pay rise has been announced on or around the 18 - 24 May, in 2007 they were so worried they announced it in Jan 2007!!

Don't know whether they are waiting to the last minute to see if anything changes but it should be announced towards the end of May.
I'm sure they have already decided what to give. However if they show any common sense theywill realise that the package that EK gives is not as good as it used to be. They need to increase the package for everyone especially taking into account the looming shortages of ground staff and office workers who can all get better packages at other companiues in Dubai, I think someone told me recently that a GR2s basic pay has only increased by 600dirhams over the last 15+years. EK is NOT the premier company it used to be in relation to pay and package and that is blatantly obvious. They have a chance to really impress everyone with a decent pay increase on the BASIC pay, not the add ons - but don't hold your breath!!!

PS I think the bonus was reaslistic this year and was pleasantly surprised by it!!

[brabazon2]

Prediction:
3% increment + 10-12% on basic.
50% on flying pay.
Possibly a tweak on other allowances like living out which is neither here nor there as most people don't take it so they may as well keep it.

[Check 'Six']

15% + 3% on basic. 100% on flight pay. 20% on utilities allowance. Schooling up too!

Taking side bets. Bottle of Johnny Blue and up!

Check 'Six'

[disconnected]

Check Six you must be joking! It would be great if they did tho...

No the estimate is:

5% on Basic
100% on Flying Pay
12% on Utilities
10% on Education

Overtime to Dhs 510 (10%)

This formula suits them for all the overtime we will be doing once they get rid of those irritating hourly restrictions. :E

Salary review to be released on 15th or 22nd so we all have a weekend to cool down and accept the shafting that will inevitably be built in. (Perhaps raising the productivity threshold)

Education and Utilities review will be in June along with the rest of the airline salary reviews.

[menard]

35% on Basic (just half of the govt.'s raise).

10% on allowances (Utility, schooling).

Reasonable I think.

[halas]

Historicaly any increase in the education allowance has coincided with an increase in school fees that isn't always aligned with the financial year, ie it's governed (literally) by the likes of GEMS et al.

halas

[Flagg]

Is it true that 2 days worth of pay are removed from every week, when calculating the amount of money to be given for the 14 weeks? (So effectively, instead of being 98 days worth of $$$, its 70 days?) Thats what ive heard from a few senior captains in the airline recently.

That would effectively reduce the profit share by almost 30% :ugh:

[MR8]

no, is bs. Same rumour every year... but untrue..

Bonus = basic x 12 x weeks of bonus / 52

Simple, and correct..

MR8

[Fart Master]

Jeez... when is this one going to be put to bed:rolleyes:

[Wiley]

Hopefully, about two weeks from now at the most when it's (at last) announced.

And may the answer be worth the wait - and substantially more than the poor bloody flight attendants got - 'poor', (or at least 'poorer than last year') now being the operative word/phrase.

[Wizofoz]

8 weeks, 5% + increment. No increase on flight pay. Utilities maybe 7%

see if I'm wrong!

You were wrong, just not as wrong as Rabbitwear:-

6 weeks and no payrise , maybe a reduction in flight pay. The aviation boom cycle is always very short.

and:-

You guys are in for a very rude shock if you think there will be any payrise.

9+3 plus a bit on flight and overtime? Nothing spectacular, but better than the nothing so confidently predicted above!!