2009 Profit Results
 

Cathay Pacific 2009 Results

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

10 cents dividend

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.

Only 90% for Level D, though

WTF Over???

Captains are Level D

Is this ID90 leave?

MuthaF@#kas
 

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":mad:

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! :D

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

No commander discretion :*

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!! :mad:

(..and my BPP, and my seniority-based airline, etc...)

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.

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!

"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.

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! :ok:

"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!

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?

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?

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 ?:ok: