Go Back  PPRuNe Forums > PPRuNe Worldwide > Fragrant Harbour
Reload this Page >

Cathay's 2007 interim profit

Fragrant Harbour A forum for the large number of pilots (expats and locals) based with the various airlines in Hong Kong. Air Traffic Controllers are also warmly welcomed into the forum.

Cathay's 2007 interim profit

Old 20th Aug 2007, 22:36
  #1 (permalink)  
Thread Starter
 
Join Date: May 2007
Location: Atlanta
Age: 44
Posts: 11
Cathay's 2007 interim profit

I'm a little confused by the interim report. Let me know if I am wrong, but is the 1st half of the year real profit $2,581,000,000 HK dollars which equals approximately $330,000,000 US. I just want to make sure I got it right before I go in for the interview. This is the profit attributable to the shareholder.
asapilot is offline  
Old 21st Aug 2007, 02:27
  #2 (permalink)  
 
Join Date: Jun 2004
Location: Hong Kong
Posts: 23
Yes, that's correct.
Giuseppe Giovanni is offline  
Old 21st Aug 2007, 03:13
  #3 (permalink)  
 
Join Date: Jun 2001
Location: Fragrant Harbour
Posts: 4,684
Perhaps you could mention at the interview that as this year's profit is so good, the forthcoming payrise should be spectacular, is that not the case?
Dan Winterland is offline  
Old 21st Aug 2007, 09:34
  #4 (permalink)  
 
Join Date: Jul 2007
Location: Back home
Posts: 160
asapilot, I've got a better idea mate. DON'T GO!!! Save yourself while you still can........................
dustyprops is offline  
Old 21st Aug 2007, 10:19
  #5 (permalink)  
 
Join Date: Jul 2003
Location: House
Posts: 173
they will need to use that money when they have to start paying hi leasing costs to other airlines to cover there parked aircraft due to lack of crews!
Agent Mulder is offline  
Old 21st Aug 2007, 12:45
  #6 (permalink)  
The Reverend
 
Join Date: Oct 1999
Location: Sydney,NSW,Australia
Posts: 2,020
they will need to use that money when they have to start paying hi leasing costs to other airlines to cover there parked aircraft due to lack of crews!
Swires play hardball but they are not stupid. When all else looks like failing, they will outbid any other airline for crew conditions to protect their investment and what's more, they can afford it!
HotDog is offline  
Old 21st Aug 2007, 13:00
  #7 (permalink)  
 
Join Date: Jul 2007
Location: Back home
Posts: 160
Hotdog, i wish i shared your optimisum mate. I think that the shower they call a management team who are running this place are so arrogant they probably don't see anything wrong and whats more probably still think that this is the job all airline pilots strive to acheive. The fact is it's a joke, and arguably now, one of the worst options available in the current market. I agree with you on one thing though, and that is that they can afford to pay more, as they proved by kindly sharing with us the 'record' 6 monthly profits, shortly before delivering the swift kick to the crown jewels, that was Cos08!
dustyprops is offline  
Old 21st Aug 2007, 15:03
  #8 (permalink)  
Thread Starter
 
Join Date: May 2007
Location: Atlanta
Age: 44
Posts: 11
qx747pilot,

Second interview. Any and all advice is appreciated.
asapilot is offline  
Old 21st Aug 2007, 17:01
  #9 (permalink)  
Thread Starter
 
Join Date: May 2007
Location: Atlanta
Age: 44
Posts: 11
dustyprops,

Any chance I can get you to elaberate on what you dislike at Cathay. Are you on the Pax or Freight side?
asapilot is offline  
Old 21st Aug 2007, 18:12
  #10 (permalink)  
 
Join Date: Feb 2007
Location: yo momma's
Posts: 27
Doesn't matter. Do these guys a favor. Give them the leverage on their pay negotiations by not going. Wait for a better deal and then you can go and see for yourself.
BigPimpin is offline  
Old 22nd Aug 2007, 09:45
  #11 (permalink)  
 
Join Date: Jul 2007
Location: Back home
Posts: 160
asapilot, all i can say mate is read the forum carefully, and you will easily be able to pick out the issues here. Yes there are people on just to wind others up etc....but i can tell you that i hear alot of the things discussed here, echo'd around the walls of CX City and the flight deck, bar and so on. Not a happy place at all, and if you have got a flying job at present then i am just saying, think very very hard about leaving it to fly a -400, because in the end, it's not worth the agony. It's just an airplane after all!
dustyprops is offline  
Old 22nd Aug 2007, 10:24
  #12 (permalink)  
 
Join Date: Apr 2005
Location: Texas
Posts: 139
It all depends on what you want. Coming from a regional myself I can tell you this is much better. Many of the guys complaining never flew an RJ 5 legs a day for $60,000 per year.
rjmore is offline  
Old 22nd Aug 2007, 10:53
  #13 (permalink)  
SIC
 
Join Date: Nov 2005
Location: Hotels everywhere
Posts: 217
Exactly. The fact is this is still a great job compared to many others.
The problem is that in good times when things should be getting better they are not.
SIC is offline  
Old 22nd Aug 2007, 15:55
  #14 (permalink)  
 
Join Date: Apr 2005
Location: Texas
Posts: 139
I agree, and that is the fight we have now. I think this is still a good place to be, at least from an American perspective. Sure UPS and FedEx pay more but the fact remains they didn't call me and CX did. FedEx is like trying to become a made guy in the Mafia and UPS is hit or miss. What I liked is that I can be a freight dog if I want or move over to the pax fleet down the road. I like to have options.
rjmore is offline  
Old 22nd Aug 2007, 16:12
  #15 (permalink)  
 
Join Date: Jul 2007
Location: Back home
Posts: 160
Oh come on guys! i can't believe i am reading 'i like to have options', and 'it's a great job compared to many others'!!! Who? aeroflot, garuda, Air Gambia maybe? The words great and CX do not go hand in hand. I know multi sector flying is tough, i have seen a bit of it on a 757, but at least you got treated with a bit of respect, and not brainwashed into becoming a 'there's only on way....the Cathay way' type pilot (i use the term very loosely).
dustyprops is offline  
Old 23rd Aug 2007, 05:36
  #16 (permalink)  
SIC
 
Join Date: Nov 2005
Location: Hotels everywhere
Posts: 217
Years ago when I was told by cabin crew ( not CX ) that they don't see why we have to get 4 times more money than them cause they are just as responsible for lives as we are I realized it was all over. So DUSTYPROP if you are trying to imply you are going to get more respect elsewhere......
SIC is offline  
Old 23rd Aug 2007, 07:18
  #17 (permalink)  
 
Join Date: Apr 2007
Location: Honkers
Posts: 383
we get 4 times more pay, that's a well paid cabin attendant
badairsucker is offline  
Old 23rd Aug 2007, 09:03
  #18 (permalink)  
 
Join Date: Jul 2007
Location: Back home
Posts: 160
SIC, it doesn't matter whether you are a pilot or a cabin crew member you all got different jobs to do, and should all be treated with the same level of respect as each other. As for the age old arguement of who gets paid what, well that will rumble on and on. Lets face it you could train anybody to fly an airplane, it's not rocket science is it? Same with the Cabin, so the fact that we get paid more is just lucky for us i guess. All i can say is that this mob could learn plenty from other carriers, in a similar league, about looking after the people that go out and fly their planes fo them.
dustyprops is offline  
Old 23rd Aug 2007, 11:32
  #19 (permalink)  
SIC
 
Join Date: Nov 2005
Location: Hotels everywhere
Posts: 217
Quote of the millenium from previous post:
so the fact that we get paid more is just lucky for us i guess
Right! Thanks for pointing out that my salary has nothing to do with the fact that it took years of hard work as well as beating out hundreds of others to get a job in a big jet for a top airline. You will be great management material.

and

Lets face it you could train anybody to fly an airplane, it's not rocket science is it
I guess you are right - its not rocket science - then we'd all be astronauts. However look around you - how many guys that started out flying with you actually made it all the way? I don't think you can train ANYBODY.
SIC is offline  
Old 23rd Aug 2007, 11:58
  #20 (permalink)  
 
Join Date: May 2006
Location: The Casbah
Posts: 87
Flying's not rocket science, but we don't get paid for that so much as we earn our money when the $#!+ hits the ceiling and the fan's spinning at max rpm. By the way, I don't look half as confused looking around the galley as they do when they come into the flight deck. Takes a little more to figure out an FMS than a cart methinks. I earn what I learn.

Couldn't agree with you more about a company's attitude towards their frontline employees. All of their employees really. How all of us as crew get treated by the upper echelons here is pretty dire across the board. Reminds me of the handbag incident where the company decided not to take 'disciplinary action' against the involved cabin crewmembers after they did a spectacular job of ensuring pax safety and not letting a gold digging heifer get away with it. Respect for their employees' judgement, not to mention trust, is something that should be added to CX's mission statement, right after 'Ensuring safety comes first'.

Ok, sorry for diverging from the thread topic. I'll get back on it.

CX scrooges, you owe ALL of us for that 55%. Pay up already.

Lite
Mullah Lite is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.