EK 5 week profit share
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EK 5 week profit share
The EK crew is highly upset at only getting 5 weeks!
http://m.thenational.ae/business/aviation/emirates-profit-rises-50-per-cent-as-oil-price-decline-saves-dubai-airline-dh9bn
http://m.thenational.ae/business/aviation/emirates-profit-rises-50-per-cent-as-oil-price-decline-saves-dubai-airline-dh9bn
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My mate there (senior Captain, 12 yrs) just bought his daughter a new car in the UK with his ps. My $5000 hkd paid for a new iphone (just...). Anyway, got to get back to studying my next flight plan, you know....to figure out how to save that 100kg of fuel 
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Far be it for me to point out the bleeding obvious, but under our contract, Cathay employees were entitled to zero profit share last year weren't we? The old formula, which I believe expired a few years ago, would have given employees zero dollars based on the revenue versus operating profit ratio.
If I was in management I would have given the pilots nothing and purely stated that I was complying with the contract.
Live by the sword die by the sword. You can't have it both ways fellas.
I'm can't believe my last two posts are taking the opposite side of the argument. Must be time to retire.
If I was in management I would have given the pilots nothing and purely stated that I was complying with the contract.
Live by the sword die by the sword. You can't have it both ways fellas.
I'm can't believe my last two posts are taking the opposite side of the argument. Must be time to retire.
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Big Picture. Yes, your conclusion is correct: time to retire. It's not too much to ask that there is a fair and equitable profit sharing formula. When other airlines are paying weeks if not months of profit sharing, on similar profit amounts, then it shows clearly that CX are ripping off their own employees (and don't even get me started on the staff travel scheme!). Not sure why some of us persist on helping management in their quest to push us all into poverty. 
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Big picture.
I would have been happy if there was no profit share and it was done in transparent manner. But I am penalised because of fuel hedging wherefore nobody was held accountable. THEY can't gave it both ways.
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Traf, thanks for asking what's my point. Let me explain;
Cathay Pacific Airways is an Asian Airline based in Hong Kong, China SAR. It's main business and most of it's workforce is based right here in HKG.
Back in the day, some of the airline's pilots had an option to CHOOSE a life in their own country and continue their career with Cathay. They knew, there will be no 13th month salary payable if they go on a base.
However, they can CHOOSE at any one time to come back to HKG and enjoy lower tax, 13th month salary, housing allowance, kids schooling allowance and various other benefits. This, in my humble opinion is comparable to EK's 5 weeks profit share and what's on offer in the sandpit.
Seems you want a base, all the expat benefits wth it, including a 13th month and a profit share. Sorry it doesn't work like that. Like Big Picture said above, you can't have it both ways.
Hope that helps with your decision if you should stay on a base or apply to Emirates.
Cheers
Cathay Pacific Airways is an Asian Airline based in Hong Kong, China SAR. It's main business and most of it's workforce is based right here in HKG.
Back in the day, some of the airline's pilots had an option to CHOOSE a life in their own country and continue their career with Cathay. They knew, there will be no 13th month salary payable if they go on a base.
However, they can CHOOSE at any one time to come back to HKG and enjoy lower tax, 13th month salary, housing allowance, kids schooling allowance and various other benefits. This, in my humble opinion is comparable to EK's 5 weeks profit share and what's on offer in the sandpit.
Seems you want a base, all the expat benefits wth it, including a 13th month and a profit share. Sorry it doesn't work like that. Like Big Picture said above, you can't have it both ways.
Hope that helps with your decision if you should stay on a base or apply to Emirates.
Cheers
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CATPAC. Thank you. I always appreciate a clear, concise explanation of the management viewpoint. You have clearly explained that. As for the rest of the employees, I think we must wonder why RH (Hogg) is worth $10M and we are worth $5000...? I appreciate you suggesting that I was worth 3 months of ps in 1990 and 3 days now. Thanks. Hope you enjoy your dinner at AT's house sometime in the next month.
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Ummmmm yeah, Cathy
The 'harden up princess' approach doesn't work anymore. The princess sees the goalposts constantly being moved unilaterally and counterproductive conditions being imposed without method or reason. All while whittling away at real pay and working conditions.
And to boot suggestions of how to fix or improve the situation made by lower order minions are largely ignored or fall into some black hole somewhere.
So the choices one had made under a certain set of conditions get adversely affected when those conditions are changed for the worse on a whim -- and not even coherently so. Believe it or not there are win-wins in this world.
And a win-win is where the workers are happy and can make it to work. And WANT to be at work. For all sides. Happy workers are very productive workers. My way or the highway is a particularly dangerous trap for the long term health of any organization.
I think the company has been finding the 'I'm in charge and I'm always right' draconian approach hurtful in the long run to everyone. One of the reasons it was abandoned last century and productivity boomed. But if they don't want to listen to the operators about things they are SMEs about, perhaps they'll have to listen to their shareholders who don't accept excuses and hold the managers ultimately responsible for 'fixing' things.
The 'harden up princess' approach doesn't work anymore. The princess sees the goalposts constantly being moved unilaterally and counterproductive conditions being imposed without method or reason. All while whittling away at real pay and working conditions.
And to boot suggestions of how to fix or improve the situation made by lower order minions are largely ignored or fall into some black hole somewhere.
So the choices one had made under a certain set of conditions get adversely affected when those conditions are changed for the worse on a whim -- and not even coherently so. Believe it or not there are win-wins in this world.
And a win-win is where the workers are happy and can make it to work. And WANT to be at work. For all sides. Happy workers are very productive workers. My way or the highway is a particularly dangerous trap for the long term health of any organization.
I think the company has been finding the 'I'm in charge and I'm always right' draconian approach hurtful in the long run to everyone. One of the reasons it was abandoned last century and productivity boomed. But if they don't want to listen to the operators about things they are SMEs about, perhaps they'll have to listen to their shareholders who don't accept excuses and hold the managers ultimately responsible for 'fixing' things.
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airplaneridesrfun,
Why the dot dot dot on the end of that sentence? Why not just complete it?
"in accordance with companies policy as may be amended time to time".
Legal speak for - up to the company, you have no rights. Sorry.
Why the dot dot dot on the end of that sentence? Why not just complete it?
"in accordance with companies policy as may be amended time to time".
Legal speak for - up to the company, you have no rights. Sorry.
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Catpac, I don't know what your agenda is, but I can guess.
In any case, you are entitled to your own opinion, but not your own facts...
On the base in 1999 and, as per the basing agreement, we received a 13th month bonus every December. In 1999 the Company arbitrarily (sign or be fired) imposed a 25% pay cut....and (kick your victim when he's down) told us that our 13th month bonus was "included" in the new (reduced by 25%) pay scales.
An arbitrary pay cut....that incorporates your bonus. They must have had a jolly laugh over that at Swire House.
So please, spare me your moral righteousness.
In any case, you are entitled to your own opinion, but not your own facts...
On the base in 1999 and, as per the basing agreement, we received a 13th month bonus every December. In 1999 the Company arbitrarily (sign or be fired) imposed a 25% pay cut....and (kick your victim when he's down) told us that our 13th month bonus was "included" in the new (reduced by 25%) pay scales.
An arbitrary pay cut....that incorporates your bonus. They must have had a jolly laugh over that at Swire House.
So please, spare me your moral righteousness.
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Swire Management Family Staff travel Benefits
I have just been told this. Surely this isn't true? Does anyone have any clarity on this?
quote:
"My father is a senior Swire manager, I am 26 (twenty six) years old and I get staff travel on Cathay Pacific at a higher priority than a Cathay Captain".
Didn't stipulate if it was on some sort of FOC ticket but at 26 Years old whats going on?
quote:
"My father is a senior Swire manager, I am 26 (twenty six) years old and I get staff travel on Cathay Pacific at a higher priority than a Cathay Captain".
Didn't stipulate if it was on some sort of FOC ticket but at 26 Years old whats going on?
