54.7%
Thread Starter
Joined: May 2006
Posts: 87
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From: The Casbah
54.7%
I'm not a financial guru nor do I have any beancounting experience, but 54.7% increase in interim profit just screams 'in your face'.
Please tell me our boys at the AOA have negotiated something REALLY GOOD. I seriously like where I am, but I can't continue to work in good consciousness for a company that doesn't believe in reciprocity.
It really stinks to feel compelled to look elsewhere, but fekk me if all I'm doing is working to line the already fat pockets of the suits who walk the once hallowed halls of the City. Time to show a little love for everyone CX...the ground staff who deal with people who yell profanities at them for checking in 10kgs over their weight allowance, the cabin crew who have to deal with hormonal tycoon wive's Gucci bags, the engineers who sweat their @rses of in 30+ degree heat to meet a one hour turn around (five+ times a day)....I don't even need to touch upon the flight crew category.
Waiting to hear the good <fingers crossed> news
Lite
http://www.hemscott.com/news/latest-...48253957719587
Joined: Jun 2007
Posts: 2
Likes: 0
From: hong kong
Please do not raise your hopes.
Employee cost restriction is the game to play to get those management bonuses.
The company admit when they raised the ID ticket fares that HKG inflation had gone up 15 - 20 per cent since 2001. But expect 5 per cent over 2 years if you are B scale. That is what your best efforts since 2001 are worth.
In the meantime, expect the A scale gravy train to keep on rolling.
Well done AOA.
Employee cost restriction is the game to play to get those management bonuses.
The company admit when they raised the ID ticket fares that HKG inflation had gone up 15 - 20 per cent since 2001. But expect 5 per cent over 2 years if you are B scale. That is what your best efforts since 2001 are worth.
In the meantime, expect the A scale gravy train to keep on rolling.
Well done AOA.
Joined: Apr 2006
Posts: 220
Likes: 0
From: home
You are working to line my pockets and from the bottom of my bonus, we all thank you. We will give you a less than 10% pay increase but we will want something in return. I believe they been outlined in other threads.
Expect your package by Friday.
My bonus will be enormous this year.
Glad to see we have a compliant, fearful and pathetic pilot group and their leaders.
Slapfan, have you been peeking around your cubical?
Here’s to my bonus. Don’t you love it?
The Management.
Expect your package by Friday.
My bonus will be enormous this year.
Glad to see we have a compliant, fearful and pathetic pilot group and their leaders.
Slapfan, have you been peeking around your cubical?
Here’s to my bonus. Don’t you love it?
The Management.
Joined: Oct 2006
Posts: 651
Likes: 0
From: Hong Kong
Lies, damned lies and statistics
Don't get your hopes up for a massive increase in Profit Share.
The interim results from last year equated to 6.16% profit on turnover whereas this year's result was 7.45% profit on turnover(KA included now). It gets a little more complicated than that as the annual result is declared 'net of recoveries' - ie, they reduce turnover by the fuel surcharge they have received. Before paranoia sets in, this has the effect of INCREASING profit share as the same profit is now divided by a smaller turnover number.
Anyway, if the 2nd half improvement is in line with the 1st half, profit share next year should be around 15 days and $6,000. Total profit for the year should be approx $6.3B.
But what would I know, I'm a 'million dollar moron'!
clear as mud
The interim results from last year equated to 6.16% profit on turnover whereas this year's result was 7.45% profit on turnover(KA included now). It gets a little more complicated than that as the annual result is declared 'net of recoveries' - ie, they reduce turnover by the fuel surcharge they have received. Before paranoia sets in, this has the effect of INCREASING profit share as the same profit is now divided by a smaller turnover number.
Anyway, if the 2nd half improvement is in line with the 1st half, profit share next year should be around 15 days and $6,000. Total profit for the year should be approx $6.3B.
But what would I know, I'm a 'million dollar moron'!
clear as mud
Joined: May 2004
Posts: 1,040
Likes: 2
From: 3.5 from TD
I want all you guys to think back to this 54.7% and CP & TT's smirks when you are getting ready to vote. Think of them next time you are doing favors and "taking one for the team".
Just think how big that smirk will get when they manage to get another concession from us in these upcoming COS. They'll be thinking of what they are gonna do with their huge bonuses.
Just think how big that smirk will get when they manage to get another concession from us in these upcoming COS. They'll be thinking of what they are gonna do with their huge bonuses.
