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-   -   Cathay's 2007 interim profit (https://www.pprune.org/fragrant-harbour/288817-cathays-2007-interim-profit.html)

asapilot 20th Aug 2007 21:36

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.

Giuseppe Giovanni 21st Aug 2007 01:27

Yes, that's correct.

Dan Winterland 21st Aug 2007 02:13

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? :D

dustyprops 21st Aug 2007 08:34

asapilot, I've got a better idea mate. DON'T GO!!! Save yourself while you still can........................

Agent Mulder 21st Aug 2007 09:19

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!

HotDog 21st Aug 2007 11:45


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!:ok:

dustyprops 21st Aug 2007 12:00

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!

asapilot 21st Aug 2007 14:03

qx747pilot,

Second interview. Any and all advice is appreciated.

asapilot 21st Aug 2007 16:01

dustyprops,

Any chance I can get you to elaberate on what you dislike at Cathay. Are you on the Pax or Freight side?

BigPimpin 21st Aug 2007 17:12

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.

dustyprops 22nd Aug 2007 08:45

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!

rjmore 22nd Aug 2007 09:24

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.

SIC 22nd Aug 2007 09:53

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.

rjmore 22nd Aug 2007 14:55

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.

dustyprops 22nd Aug 2007 15:12

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).

SIC 23rd Aug 2007 04:36

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......:hmm:

badairsucker 23rd Aug 2007 06:18

we get 4 times more pay, that's a well paid cabin attendant:p

dustyprops 23rd Aug 2007 08:03

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.

SIC 23rd Aug 2007 10:32

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.

Mullah Lite 23rd Aug 2007 10:58

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


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