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

2009 Profit Results

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.

2009 Profit Results

Old 10th Mar 2010, 04:08
  #1 (permalink)  
Thread Starter
 
Join Date: Jan 2007
Location: Western Hemisphere
Age: 37
Posts: 102
2009 Profit Results

Cathay Pacific 2009 Results

HKD 4,694 million profit (US $602 million)

10 cents dividend
Waterskier is offline  
Old 10th Mar 2010, 04:19
  #2 (permalink)  
 
Join Date: Dec 2005
Location: Above the Gay Bar
Posts: 109
Confirm there was no valid Profit Share policy for 2009????????????.........I must have missed that announcement!!!

Good to see SLS takers get their cash back though.
luvmuhud is offline  
Old 10th Mar 2010, 04:23
  #3 (permalink)  
 
Join Date: Sep 2007
Location: HK
Posts: 5
Only 90% for Level D, though
Base Vacancy is offline  
Old 10th Mar 2010, 04:24
  #4 (permalink)  
 
Join Date: Dec 2005
Location: Above the Gay Bar
Posts: 109
Share of Profit Policy

The Company's Share of Profit Policy for 2010-2012 will be announced in due course. There was no Share of Profit Policy for 2009 as the previous policy for 2006-2008 had already expired.

WTF Over???
luvmuhud is offline  
Old 10th Mar 2010, 04:30
  #5 (permalink)  
 
Join Date: Feb 2008
Location: Hong Kong
Posts: 106
Devious Cu*ts
Bye Bye Baby is offline  
Old 10th Mar 2010, 04:40
  #6 (permalink)  
 
Join Date: Aug 2006
Location: Hong Kong
Posts: 344
Captains are Level D
Harbour Dweller is offline  
Old 10th Mar 2010, 04:46
  #7 (permalink)  
 
Join Date: Apr 2009
Location: HONG KONG
Posts: 61
Is this ID90 leave?
Toe Knee Tiler is offline  
Old 10th Mar 2010, 04:49
  #8 (permalink)  
 
Join Date: Feb 2008
Location: Few place
Posts: 209

Typical F%#kin' CX Wankers

Entrust the jet to the professionals- Capts, FOs, and SOs, let the buck stop with only one person, the Capt, but shaft him/her on the "Ex-Gratia"

F%$kers.

Capt- we need your help please......"FU$K OFF"
monster330 is offline  
Old 10th Mar 2010, 04:51
  #9 (permalink)  
 
Join Date: Nov 2007
Location: Hong Kong
Posts: 228
So I got 4 weeks extra leave, and they have paid me back for 90% of that. SLS basically cost me about 3 days pay. In the meanwhile during 2009 I made EFP equivalent to about 20 days pay.

Sweet!

BTW

Level A are Cabin crew, ground staff etc
Level B S/O's
Level C F/O's
Level D Captain's and Managers
Level E General Managers
jonathon68 is offline  
Old 10th Mar 2010, 04:53
  #10 (permalink)  
 
Join Date: Aug 2007
Location: Hong Kong
Posts: 76
No commander discretion
hongkongpilot is offline  
Old 10th Mar 2010, 05:09
  #11 (permalink)  
 
Join Date: Sep 2005
Location: Paradise
Posts: 181
Red face

Bugger that, everyone new they would screw the SLS takers.

What I want to know is where is the rest of our 13th month after such a good profit?!? (and no, I don't believe "serious" Tony that "things aren't really that good").

That 2 weeks was paid in anticipation of a poor P&L statement. Now the truth is out, I want my contractual 13th month!!

(..and my BPP, and my seniority-based airline, etc...)
superfrozo is offline  
Old 10th Mar 2010, 05:36
  #12 (permalink)  
 
Join Date: Mar 2007
Location: HK
Age: 20
Posts: 22
Sounds like equal sharing of the pain, not.
Can't wait to see the Level E bonus seeing as they don't consider this a good profit.
2longhk is offline  
Old 10th Mar 2010, 05:42
  #13 (permalink)  
 
Join Date: Apr 2009
Location: HONG KONG
Posts: 61
Yeah but what you don't understand is that if you make a 4.7 billion dollar profit and then, as Tony says on his message, you take away all of the major contributing items that made the profit (which, by the way, is still part of the business plan) you really haven't made that much. Have you?

Smoke and mirrors!

Oh, also, we forgot to renew the Profit Share policy but this will be put in place for next year. Yeah right!
Toe Knee Tiler is offline  
Old 10th Mar 2010, 05:42
  #14 (permalink)  
 
Join Date: Jun 2004
Location: Hong Kong
Posts: 23
"The Company's Share of Profit Policy for 2010-2012 will be announced in due course. There was NO SHARE OF PROFIT POLICY FOR 2009 as the previous policy for 2006-2008 had already expired."

How on earth can the Company get away with this ???

So the Profit Policy has lapsed for 2009 & they've let an oversight like this happen ?? This needs explaining on the behalf of the Company just HOW this could have been allowed to occur.

Let's turn the tables for just one minute here. Would the Swire boys allow their Bonus Policy to lapse for 12 months ?? Hell would freeze over before that would happen, but they simply brush this off as though it was a minor missive.

I think the AOA should be asking questions why this was allowed to happen.
Giuseppe Giovanni is offline  
Old 10th Mar 2010, 05:42
  #15 (permalink)  
 
Join Date: Jan 2008
Location: N/A
Posts: 7
Devil

How this company can discriminate against the one group who willingly gave more (both in cash AND percentage terms) than all other groups in the SLS scheme, defies belief! It is discriminatory in the extreme. Especially after generating their $4.694B profit ... I'm just blown away.

As for Level E and above: be assured ... TT and his bunch of crony crooks will recompense themselves handsomely. Trouble is, they are so SLIMY and adept at hiding the detail, you will never quite work out how they did it.

But fear NOT ... I and many of my Level D colleagues will be every bit as SLIMY and adept at ensuring they never see how WE get our missing 10% back ... but most certainly, we WILL!

Last edited by Intransitgent; 10th Mar 2010 at 13:43.
Intransitgent is offline  
Old 10th Mar 2010, 05:44
  #16 (permalink)  
 
Join Date: Mar 2008
Location: munchen
Posts: 1
"Relevant Amount"

Can somebody please explain the "Relevant Amount" for certain Cockpit Crew who elected to change to COS 08. I just dont understand it in plain english. Thanks!
000889 is offline  
Old 10th Mar 2010, 05:56
  #17 (permalink)  
 
Join Date: Dec 1999
Location: Planet Earth
Posts: 674
They just change their policies at a whim to suit themselves. What rubbish to say that the previous one expired. Were any of us told that the scheme was only valid for a certain amount of time? It is almost as if they are saying their hands are tied, because there is no policy to give us any money. Makes your blood boil doesn't it?
geh065 is offline  
Old 10th Mar 2010, 05:56
  #18 (permalink)  
 
Join Date: Mar 2010
Location: Miffed at being an online internet comedy ....
Age: 65
Posts: 229
When I was in the air force I was also a financial adviser & internationally acclaimed hamster breeder. These extra curricular activities gave me the necessary managerial skills to be of great assistance to Cathay Pacific.

I personally devised the COS 08 scheme as a way of giving back to the aviation community. Sure I could just retire but it would be such a waste of experience and a loss to the younger generation that need my tuition. Especially the G.A. guys who can't land planes.

It's good to see that the iSuggest system works. I'm proud that they implemented my recommendations to help turn this profit & retain the experience within the company.

Did you know that I was one of the best guitar players in the whole of the RAAF?
Capt Toss Parker is offline  
Old 10th Mar 2010, 06:15
  #19 (permalink)  
 
Join Date: Apr 2002
Location: hong kong
Posts: 405
gear down and flaps 20 at 3500' and flaps 30 at 3000' will help with getting it back...everybody should be adopting this method , remember 1500' is the limit right ?
goathead is offline  
Old 10th Mar 2010, 06:16
  #20 (permalink)  
 
Join Date: Mar 2007
Location: Aus
Posts: 139
Intracx->"CX & You" tab-> Home> Cocpit Crew > Salary & Benifits > Profit Sharing Scheme.

"The Policy of the Cathay / Dragonair Profit Sharing Scheme will apply for the Benefit Years of 2006 to 2008"

Have we let ourselves be duped?
Blogsey 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.