Profit figures out now...

[jed_thrust]

Turnover HK$ million 89,524 +33.7%

Profit attributable to owners of Cathay Pacific HK$ million 14,048 +199.3%

Earnings per share HK cents 357.1 +199.3%

Dividend per share HK cents 111.0 +1,010.0%

Profit margin % 15.7 +8.7%

= 14.04 billion!

[Waterskier]

It also says "Staff will also receive a 2010 profit share greater than five weeks‟ salary. "

5 weeks plus HKD $6000 paid in March salary

[GTC58]

It's 3 weeks plus 6k in March. 2 weeks from last year are included in the 5 weeks.

[BillytheKid]

Can someone explain to me how we doubled our profit from 2007 when we got 1 month profit share, yet all we get is 5 weeks? WTF?!

[Ex Douglas Driver]

How about 5 billion in cargo fines reducing the profit?

[longreach]

and orders for 15 more 333, 10 more 77W and discussions baout purchasing 14 more aircraft, of unknown type.

[iceman50]

Billy

As usual it is in the small print. We are getting 7 weeks, but the first two are capped at half a month or 6000 whichever is lower!

It is good for our more lower paid colleagues. But I just wish they would all cut the spin and say a limit of $6000 for the first two weeks. Surely nobody at Cathay receives less than $12,000 a month and if they do then we should be ashamed.

It is just like the Government, and only in Hong Kong, "we are giving you a 75% tax rebate capped at $6000". Smoke and mirrors, makes it sound good.

[ron burgandy]

Iceman, [QUOTE]Surely nobody at Cathay receives less than $12,000 a month and if they do then we should be ashamed./QUOTE]

If you are that ignorant of what the majority of people get paid in Hong Kong then it is you who should be ashamed. We live in a SAR where they only just passed minimum wage legislation (of $29) and that was fought tooth and nail by corporate HK.

How else do you think they make so much money.........it's not because of their incredible management/business :ugh:skills

[joebanana]

Billy
Can someone explain to me how we doubled our profit from 2007 when we got 1 month profit share, yet all we get is 5 weeks? WTF?!

Spot on, another 3 weeks is a f@*king joke. Perhaps a good year to go sick :yuk::yuk:

[joebanana]

I am pleased to be able to say that all of us are sharing the fruits of last year’s success.

....especially me and my fellow directors :mad:

[jed_thrust]

Perhaps a good year to go sick

Yeah... Perhaps we could call it "going caribou", or "doing a Caribou".

Have you had this month's "Caribou" yet?

How many "Caribous" have you had since the annual results came out?

etc.

[spannersatcx]

that was the last profit sharing scheme, then we didn't have one as the previous one expired and nobody remembered we needed a new one, which is what we have today.

Must say am a little disappointed, did think it would be better, but hey it could of been worse.

[iceman50]

Ron

Don't be a d*ck, I am not talking about HK but an airline that has made that much profit and by we I mean Cathay.

[Near Miss]

Actually Iceman, I think you will find that there are a lot of staff at CX that earn less than $12,000 per month. A BC makes around $10,000 per month (guaranteed 70hrs credit at $140/hr). I imagine that office staff are similar.

Anyway, the "sharing" of the profit is a slap in the face. If it was the same for everyone I would be happy, however I bet the likes of TT, JS, HC, RH, et al receive far greater than an additional 3 weeks plus $6000. :mad:

[Bye Bye Baby]

Well Nearmiss, I think what you fail to realise is that those you mention are the sole reason we ended up with such a massive profit, it was entirely up to their superior management skills, they are after all Gods walking amongst us meer mortals.

[Near Miss]

Bye Bye Baby you are so right. What was I thinking? They deserve every cent, sorry million, they get. :rolleyes: