profit share management
Joined: Sep 2005
Posts: 9
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From: hong kong
No April Fools 
Check out the CX website, it's published every year... PC actually get more money in total this yr than 2004 9.292M vs 9.186M.... sick, isn't it?
http://www.cathaypacific.com/cx/intr...ual_report.pdf
Edit: oh it's on pg.76 btw
Check out the CX website, it's published every year... PC actually get more money in total this yr than 2004 9.292M vs 9.186M.... sick, isn't it?http://www.cathaypacific.com/cx/intr...ual_report.pdf
Edit: oh it's on pg.76 btw
Joined: Aug 2000
Posts: 686
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From: .
"Bonus is related to services for 2004 but paid and charged to the Company in 2005."
On another note, I am curious as to why our maintenance costs went up $743m (about 20% compared to previous) or about an extra USD260,000 a day, every day. Did we really bust them that much? Yes the fleet did expand by 8 aircraft spread throughout the year, but 5 of those a/c were straight off the showroom floor. Ohh look at that, HAECO's turnover went up $987m, with an increase in profit of $289m. Well done HAECO
On another note, I am curious as to why our maintenance costs went up $743m (about 20% compared to previous) or about an extra USD260,000 a day, every day. Did we really bust them that much? Yes the fleet did expand by 8 aircraft spread throughout the year, but 5 of those a/c were straight off the showroom floor. Ohh look at that, HAECO's turnover went up $987m, with an increase in profit of $289m. Well done HAECO
Last edited by jtr; 4th April 2006 at 02:18.
Joined: Aug 2000
Posts: 686
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From: .
spanners you would probably be best placed to answer, but isn't that fundamentally a chop, strenghten, gut, install, and D-check? Not trying to sound flippant about the work that is done, but there was only one in the last FY. I really can't see where the money has gone. Like I said US$260,000 a day EXTRA, every day, is a lot of $ (USD180 a minute EXTRA in case you were wondering)
Joined: Apr 2002
Aviation Qualifications: PPL
Posts: 734
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From: Australia
jtr
Probably includes HKD/E/F refurbs....if that&s what you call a paint job and recycling some old dunnies and galleys!
No point in capitalising the cost as unlikely to get the depreciation on old airframes.
Probably includes HKD/E/F refurbs....if that&s what you call a paint job and recycling some old dunnies and galleys!
No point in capitalising the cost as unlikely to get the depreciation on old airframes.
Joined: Dec 1998
Posts: 3,038
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From: .
but isn't that fundamentally a chop, strenghten, gut, install, and D-check
I'm sure there are reaons behind it, I'll see if I can find out.
You would be surprised at what is deemed as 'Engineering' for the purpose of who's cost it is. Cleaning, that's engineering! de-icing that's engineering, there are more but I won't bore you with them. Like I say, I'll see if I can find out.
