EK Profit Share
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CV's going/gone out into the Ether at present. But dont worry boys. You shoud be glad that you have a job. EK gets what is it, oh yes, 25 applications per day!
Looks like there will be a few vacancies over the coming months. I wonder how many resignations there will be the day after the bono is paid cause you cant go before then or apparently they take your bono entitlement away!
Keep Discovering!
Spanner
Looks like there will be a few vacancies over the coming months. I wonder how many resignations there will be the day after the bono is paid cause you cant go before then or apparently they take your bono entitlement away!
Keep Discovering!
Spanner
Join Date: May 2004
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I agree with Dropp. People would complain if it was 12 weeks, because that is inherently what pilots do.
I would like to think that we got 4 weeks because there is a good payrise in the offing. I doubt it, but here's hoping. Treat the bonus for what it is, a bonus. It is someone giving you money that you didnt have before. When the payrise comes along, that is when you can complain. I never got a bonus before I came here. Like most people it will pay the credit card bills off. I guess it is better than a poke in the eye.
I would also be interested to find out what pay rise would not produce a single complaint. 50% would still find someone who isnt happy. We wont be getting that, thats for sure. If I am honest, if we got 2% I could leave, but actually cant because am locked into here. So the muddling on is the best way for me, for now. If lots leave then it might mean they would have to look at things differently. Looking at the past posts on the Middle East are we really going to expect anything different. ??
Keep discovering ?
Nothing left to discover !!
I would like to think that we got 4 weeks because there is a good payrise in the offing. I doubt it, but here's hoping. Treat the bonus for what it is, a bonus. It is someone giving you money that you didnt have before. When the payrise comes along, that is when you can complain. I never got a bonus before I came here. Like most people it will pay the credit card bills off. I guess it is better than a poke in the eye.
I would also be interested to find out what pay rise would not produce a single complaint. 50% would still find someone who isnt happy. We wont be getting that, thats for sure. If I am honest, if we got 2% I could leave, but actually cant because am locked into here. So the muddling on is the best way for me, for now. If lots leave then it might mean they would have to look at things differently. Looking at the past posts on the Middle East are we really going to expect anything different. ??
Keep discovering ?
Nothing left to discover !!
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FAQ’s:
- Why does the owner of EK get 25% more benefit share and the employees a generous 60% less, compared to last year?
Answer: Because the poor owner, the governement of Dubai, had to pay more for fuel.
- Who gets the profit of higher fuel prices?
Answer: The same poor governements.
- Why don’t the employees get a 15% salary increase?
Answer: Because the relentlessly bitching employees may very well work for the governement but are by no means governement employees.
Conclusion:
The slightly reduced profit-tickling into one pocket is more than compensated by the icrease into the other one. Inbetween lie the perpetual local hollowness and shortcomings. These are mostly used for their pathetic “mine is bigger than yours” contest with other middle eastern protagonists (I’m talking about airlines, mind you!).
Prediction:
Observing this childish arrogance, creating fast mounting frustration among EK employees, and looking at the mutual slot-, pilot-, f/a- and instructor-snatching among local airlines, I can imagine the astounded looks of european managers (LH,AF,BA) not believing their luck that the fiercest threats to them are caught in macho-self-destruct mode.
Rumour:
As this is a rumour network and the above seems by no means a satire but very real, I can’t help but setting out the rumour that TC must be on BA’s payroll.
and there's still the beach.......
- Why does the owner of EK get 25% more benefit share and the employees a generous 60% less, compared to last year?
Answer: Because the poor owner, the governement of Dubai, had to pay more for fuel.
- Who gets the profit of higher fuel prices?
Answer: The same poor governements.
- Why don’t the employees get a 15% salary increase?
Answer: Because the relentlessly bitching employees may very well work for the governement but are by no means governement employees.
Conclusion:
The slightly reduced profit-tickling into one pocket is more than compensated by the icrease into the other one. Inbetween lie the perpetual local hollowness and shortcomings. These are mostly used for their pathetic “mine is bigger than yours” contest with other middle eastern protagonists (I’m talking about airlines, mind you!).
Prediction:
Observing this childish arrogance, creating fast mounting frustration among EK employees, and looking at the mutual slot-, pilot-, f/a- and instructor-snatching among local airlines, I can imagine the astounded looks of european managers (LH,AF,BA) not believing their luck that the fiercest threats to them are caught in macho-self-destruct mode.
Rumour:
As this is a rumour network and the above seems by no means a satire but very real, I can’t help but setting out the rumour that TC must be on BA’s payroll.
and there's still the beach.......
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Its a benefit, period.
The profit sharing programme is just another benefit for entitled employees, it's not a generous gift, or some kind of non expected lotery. I am not considering myself lucky when I take my annual leave ticket, or when I look at the company's contribution to my provident scheme. Yes its nice to get that money, but if I am really honest with myself, considering the amount of profit the company made this year, I think we should have got a lot more.
But, the target is set in such a way that we get something reasonable, not more.
EK is a business, the profit share is not a generous gesture from high management, It's a programme, it has a role.....?????
Enjoy your free reserve days and your free personal simulators.....That four weeks might compensate for some part of the lost overtime...
Menard...
But, the target is set in such a way that we get something reasonable, not more.
EK is a business, the profit share is not a generous gesture from high management, It's a programme, it has a role.....?????
Enjoy your free reserve days and your free personal simulators.....That four weeks might compensate for some part of the lost overtime...
Menard...
Last edited by menard; 28th Apr 2005 at 06:47.
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Emirates records Dh2.6b profit
Gulf News:
Emirates records Dh2.6b profit despite high oil prices
By Saifur Rahman, Staff Reporter
Dubai: At a time when most airlines are struggling under the burden of high fuel costs, Emirates Group has reported a 49 per cent surge in net profit for 2004-05 to a record Dh2.6 billion.
According to Shaikh Ahmad, the global aviation industry is a victim of high costs and natural disasters.
"We've had yet another successful year for the company, and the 17th consecutive profitable one for the airline," said Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman of Emirates Group, as he announced the earnings yesterday.
"The results prove once again we can count on our customers to support Emirates, as long as we deliver on our side of the equation the best aircraft that money can buy, the best ground and inflight service in commercial aviation, and the best overall flying experience at a competitive price."
The group last year earned a profit of Dh1.74 billion.
The robust earnings came on the back of a 36 per cent rise in group revenues to Dh19.1 billion, up from Dh14 billion the previous year.
The group includes Emirates airline and Dnata, its ticketing and ground handling arm. Emirates carried 12.52 million passengers, 2.1 million more than the previous year. Dnata handled 22.3 million passengers.
The results come in what has been another difficult year for the global aviation industry.
The Airbus A380 takes off on its maiden flight yesterday near Toulouse, France.
Shaikh Ahmad said the results were achieved despite high fuel prices, the tsunami disaster and growing competition.
High fuel prices cost the airline an added Dh1 billion last year, he said.
For 2004-05, Emirates will pay an increased dividend of Dh368 million to the Government of Dubai, compared to Dh329 million last year. In total, the ownership will have received Dh1.1 billion from Emirates since dividends started being paid six years ago.
The airline has an orderbook of Dh110 billion, involving 97 firm orders, including 45 Airbus A380s, by far the largest of any carrier.
Airbus also made aviation history yesterday as its A380 superjumbo took to the skies for the first time in France. It has a capacity of up to 644 passengers.
Emirates records Dh2.6b profit despite high oil prices
By Saifur Rahman, Staff Reporter
Dubai: At a time when most airlines are struggling under the burden of high fuel costs, Emirates Group has reported a 49 per cent surge in net profit for 2004-05 to a record Dh2.6 billion.
According to Shaikh Ahmad, the global aviation industry is a victim of high costs and natural disasters.
"We've had yet another successful year for the company, and the 17th consecutive profitable one for the airline," said Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman of Emirates Group, as he announced the earnings yesterday.
"The results prove once again we can count on our customers to support Emirates, as long as we deliver on our side of the equation the best aircraft that money can buy, the best ground and inflight service in commercial aviation, and the best overall flying experience at a competitive price."
The group last year earned a profit of Dh1.74 billion.
The robust earnings came on the back of a 36 per cent rise in group revenues to Dh19.1 billion, up from Dh14 billion the previous year.
The group includes Emirates airline and Dnata, its ticketing and ground handling arm. Emirates carried 12.52 million passengers, 2.1 million more than the previous year. Dnata handled 22.3 million passengers.
The results come in what has been another difficult year for the global aviation industry.
The Airbus A380 takes off on its maiden flight yesterday near Toulouse, France.
Shaikh Ahmad said the results were achieved despite high fuel prices, the tsunami disaster and growing competition.
High fuel prices cost the airline an added Dh1 billion last year, he said.
For 2004-05, Emirates will pay an increased dividend of Dh368 million to the Government of Dubai, compared to Dh329 million last year. In total, the ownership will have received Dh1.1 billion from Emirates since dividends started being paid six years ago.
The airline has an orderbook of Dh110 billion, involving 97 firm orders, including 45 Airbus A380s, by far the largest of any carrier.
Airbus also made aviation history yesterday as its A380 superjumbo took to the skies for the first time in France. It has a capacity of up to 644 passengers.
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Firstly, iamnotamemberofekmanagmentindisguise.
I work for a major express carrier who is also making a ton of profit. Unfortunately, my lot do not share 1$ of it's profits with its employees in the same generous way as EK does and I have to say that I am pretty damn envious of you guys - whether you get 4-weeks, 20-days or whatever it is. I would certainly like to 'discover' that sort of bonus in my pay just once. Gissajob!
I work for a major express carrier who is also making a ton of profit. Unfortunately, my lot do not share 1$ of it's profits with its employees in the same generous way as EK does and I have to say that I am pretty damn envious of you guys - whether you get 4-weeks, 20-days or whatever it is. I would certainly like to 'discover' that sort of bonus in my pay just once. Gissajob!
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right harrym
eh guys from Emirates, please stop complaining about your...profit share or whatever....you probably have in the gulf one of the best conditions..... i think in a company like Qatar airways you will never be able to survive...!
cheers
eh guys from Emirates, please stop complaining about your...profit share or whatever....you probably have in the gulf one of the best conditions..... i think in a company like Qatar airways you will never be able to survive...!
cheers
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OUR TRUE WORTH
Let me inform all of you categorically that after tonight i still love my profession and the fact i am still able to knock a 100kgs or two off the calculated flight plan fuel or a few minutes off the flight time by continually seeking an economical and profficient way to operate my aircraft NOT to save the company any dosh but to satisfy myself that i have operated a flight to the best of my proffesional ability still satisfies me and motivates me to do better!!
BUT i feel this has been taken advantage of (with no remorse i might add) by management who have great aspirations to better themselves,that target airlines as an easy way to make their CVs look superior simply because they have heard about the professionalism of pilots and can thus ride the backs of our desire for excellence to achieve their own self centred,self serving interests and at the same time be able to profess that they have been able to control costs by not giving us any pay rises comensurate with our TRUE WORTH!!!!
But let me tell you , tonight i have been down the pub (yes we do drink!! contrary to rostering opinion who believe an 8 am call on a day off asking you to work , and you telling them you have been drinking then them commenting that it is 8am and why are you drinking at that time!!) Three of us struck up a conversation with a couple of gentry from the southern hemisphere, they were contractors now working in dubai for twelve months, contracted to fix the fences around all dubai prisons property. As the conversation continues (as it normally does) he asked me my salary, i cordially responded with about 6000USD per month, he looked at me with disbelief,nudged his mate who was sucking popcorn through his missing tooth cavity,and they both started laughing!!! I kid you not Laughing at ME!!!! They then responded with i thought you guys got paid "HEAPS" I responded with what do you mean?? They said "we thought you guys were up there with the lawyers and the doctors" I said "we were 15 years ago,now it is a different world" they still looked at us as if we were taking the P
ss!! I said OK OK what are you earning then, the guy with the popcorn fixation splutters 2200USD per week we will NOT accept anything less!!!!!!!
We had a long conversation throughout the night and they continually kept saying" they could not believe it!!!!"" believe it !" i kept saying."So how has this happened??" no response from me COZ i have no idea how! then here is the funny part they were short of a couple of contractors to cover the work rotation for next month and asked if we wanted some extra cash (with 8 days off per month , i dont think so) but get this i would be able to match my salary if i was able to take the time out on my 8 days to "help them out" But my health means more im afraid!!!!
How has our esteemed,demanding,intellectual,exacting,profession fallen to such depths?? Maybe i have answered that question with my opening statement. But one thing is for certain theses guys we spoke to tonight were in NO DOUBT about their TRUE WORTH!! and totally WE DONT TAKE S%%T ATTITUDE!!!!
Keep discovering
BUT i feel this has been taken advantage of (with no remorse i might add) by management who have great aspirations to better themselves,that target airlines as an easy way to make their CVs look superior simply because they have heard about the professionalism of pilots and can thus ride the backs of our desire for excellence to achieve their own self centred,self serving interests and at the same time be able to profess that they have been able to control costs by not giving us any pay rises comensurate with our TRUE WORTH!!!!
But let me tell you , tonight i have been down the pub (yes we do drink!! contrary to rostering opinion who believe an 8 am call on a day off asking you to work , and you telling them you have been drinking then them commenting that it is 8am and why are you drinking at that time!!) Three of us struck up a conversation with a couple of gentry from the southern hemisphere, they were contractors now working in dubai for twelve months, contracted to fix the fences around all dubai prisons property. As the conversation continues (as it normally does) he asked me my salary, i cordially responded with about 6000USD per month, he looked at me with disbelief,nudged his mate who was sucking popcorn through his missing tooth cavity,and they both started laughing!!! I kid you not Laughing at ME!!!! They then responded with i thought you guys got paid "HEAPS" I responded with what do you mean?? They said "we thought you guys were up there with the lawyers and the doctors" I said "we were 15 years ago,now it is a different world" they still looked at us as if we were taking the P
ss!! I said OK OK what are you earning then, the guy with the popcorn fixation splutters 2200USD per week we will NOT accept anything less!!!!!!!We had a long conversation throughout the night and they continually kept saying" they could not believe it!!!!"" believe it !" i kept saying."So how has this happened??" no response from me COZ i have no idea how! then here is the funny part they were short of a couple of contractors to cover the work rotation for next month and asked if we wanted some extra cash (with 8 days off per month , i dont think so) but get this i would be able to match my salary if i was able to take the time out on my 8 days to "help them out" But my health means more im afraid!!!!
How has our esteemed,demanding,intellectual,exacting,profession fallen to such depths?? Maybe i have answered that question with my opening statement. But one thing is for certain theses guys we spoke to tonight were in NO DOUBT about their TRUE WORTH!! and totally WE DONT TAKE S%%T ATTITUDE!!!!
Keep discovering
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Now that to me sounds like an adult. Not like some others, proclaiming themselves as such! More like X rated adults, is what I had in mind for them.
Ringading, I am with you brother and understand your message loud and clear!
99.9% of us pilots, are pro's in what we do! And how we go about our business.
Well posted!!
Check Six.
Ringading, I am with you brother and understand your message loud and clear!
99.9% of us pilots, are pro's in what we do! And how we go about our business.
Well posted!!
Check Six.
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RingaDingDing,
You are completely right... The problem with us guys (that's pilots in general) is that we like what we're doing, and we accept to much sh*t from people who are there just for the money. For most of us, flying is still a passion, even though we moan and bitch the whole time, we actually enjoy flying a nice approach and making that smooth landing.. And I completely agree that most of us try our best for our own satisfaction rather then just sit back and watch things happen..
But having stated the problem, do you have a solution? The managers who screw us have all been around long enough to make the same diagnosis, and the only thing they have to do is sit back, relax and enjoy us taking all their cr*p. They know that a group of pilots won't do anything, unless we are officialy represented by an organisation or a person who can express our grieves without being shot at - read **ALPA. I expect that DXB will issue snowtams before that will ever happen...
Loved your post though.. If only I lived closer to Al Badaa', I could work for those guys during all the reserves I got in stead of days off... I would at least be paid for duty then..
You are completely right... The problem with us guys (that's pilots in general) is that we like what we're doing, and we accept to much sh*t from people who are there just for the money. For most of us, flying is still a passion, even though we moan and bitch the whole time, we actually enjoy flying a nice approach and making that smooth landing.. And I completely agree that most of us try our best for our own satisfaction rather then just sit back and watch things happen..
But having stated the problem, do you have a solution? The managers who screw us have all been around long enough to make the same diagnosis, and the only thing they have to do is sit back, relax and enjoy us taking all their cr*p. They know that a group of pilots won't do anything, unless we are officialy represented by an organisation or a person who can express our grieves without being shot at - read **ALPA. I expect that DXB will issue snowtams before that will ever happen...
Loved your post though.. If only I lived closer to Al Badaa', I could work for those guys during all the reserves I got in stead of days off... I would at least be paid for duty then..
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soompak, yes, I think lots of us understand what ringa is saying. Put simply, after spending enormous amounts of money to become a pilot, and working years to get to the 'dream' airline, we get paid 70% of what an individual who fixes fences gets (in the same location).
Ringa, I think you did answer everything in the first sentences. I hope wannabes read this and understand where the profession is going.
Ringa, I think you did answer everything in the first sentences. I hope wannabes read this and understand where the profession is going.
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Nice work if you can get it, the sad fact is that the majority of the menial work done in Dubai is by third world nationals who are paid a pittance, housed in labour camps, have passports confiscated and are often not paid on time, if at all for months. Every day there are fresh stories of abuse, in the local press, by employers. Good luck to the blokes who are able to make it pay, the local practice of paying according to nationality would be illegal in the civilised world. Corruption runs deep at all levels(as seen by the abrupt resignation of the regulator at the new DIFC) and by the common practice of insider trading on the local markets (closed to foreigners apart from a few stocks). The property boom has a lot to do with money laundering and as we so well know at EK the workers have no representation or rights. A lady can get locked up for 3 weeks without a hearing for having prescription Codeine in her urine, and a maid flogged and deported for an illicit liaison whereas prostitution is ripe and the biggest knocking shop in the Middle East is a short taxi ride away. I may be cynical and disenchanted, but in the relatively short time I have been here this is the sorry impression I have...
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Ringsading, although I am not a pilot, I must question the events you said happened at the pub. My understanding is that it is "unprofessional" to discuss salaries. I do not mean to offend you and I have no interntion of doing so, but I was rather surprised to read that you actually said to the guys what your salary is. Many people would refrain from answering such a question. And for a good reason too: it avoids friction beween people. (And what were you doing drinking at 8am??!!
)
And really, you shouldn't let people think you're great because you are paid this or that, but because you are a pilot. You should be proud of that (I'm sure you are though). Show the pride and show that you are not willing to let people belittle you in any manner.
Dirigible, from what I hear from friends/family who have been in the Gulf, this really is the case. But to be fair I will have to wait till I get the chance to live in the Gulf to get a good view of how Khaliji people are really like.
)And really, you shouldn't let people think you're great because you are paid this or that, but because you are a pilot. You should be proud of that (I'm sure you are though). Show the pride and show that you are not willing to let people belittle you in any manner.
Dirigible, from what I hear from friends/family who have been in the Gulf, this really is the case. But to be fair I will have to wait till I get the chance to live in the Gulf to get a good view of how Khaliji people are really like.
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Dirigible,
Beautiful, just bloody beautiful.
If I may correct you my good man, the poor female tourist has actually been locked up for 6 weeks. What a top part of the world, then again " The World is putting Dubai on the map".
Yeah right.
Your long lost cousin,
Rat
Beautiful, just bloody beautiful.
If I may correct you my good man, the poor female tourist has actually been locked up for 6 weeks. What a top part of the world, then again " The World is putting Dubai on the map".
Yeah right.
Your long lost cousin,
Rat
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Did any of you actually attend the briefing on Wednesday? You were welcome to attend and could have stuck your hand up and asked the question as to why you felt that a pay rise was merited. From what I believe HH and the Chairman were expecting the question but nobody had the balls to front up when the best opportunity presented itself.
If you don't like it vote with your feet and keep on walking!
If you don't like it vote with your feet and keep on walking!
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Nomad, at the famous meeting in Oct 2000 the pay question was asked of MF and TC. The answers then were baseless rhetoric. One of the more senior captains ended up having to cool his heels after expressing frustration with the answers. Do you expect that anybody is going to risk a disciplinary hearing, with loss of two years profit share, by asking that question in front of the world's press? And we all know what the answer would be - precisely what you have written in your post, though one would hope that the bosses would not be quite so blunt!
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Certainly not local, perhaps after having been here for so bloody long the way I write is becoming a bit more native. I was there, and is open I believe to all Grade 9s and above in the office functions of EK and captains. Not just locals, in fact very few of them there.
BB, there are a number of captains posting on this site that their CVs are out there and they are off. They have nothing to loose, so why not stir it up a bit and ask a few contentious questions. The press briefing is before the staff one so they've all bug@ered off to the pub by ours anyway.
SS, I'm reasonably happy with my Ts & Cs, like everyone else I would love an increase in salary.
It was the usual questions and nothing argumentative came up. My point was that the pilots seem to be the most vocal of all the staff (you at least have a forum like this) on this is issue and as many say they will be voting with their feet it was an opportunity to state their grievances.
Many of the locals in EK are just as unhappy as everyone else with current salaries. All their friends in the government got 25% pay rises. Whether there will be something for the locals only who know.
BB, there are a number of captains posting on this site that their CVs are out there and they are off. They have nothing to loose, so why not stir it up a bit and ask a few contentious questions. The press briefing is before the staff one so they've all bug@ered off to the pub by ours anyway.
SS, I'm reasonably happy with my Ts & Cs, like everyone else I would love an increase in salary.
It was the usual questions and nothing argumentative came up. My point was that the pilots seem to be the most vocal of all the staff (you at least have a forum like this) on this is issue and as many say they will be voting with their feet it was an opportunity to state their grievances.
Many of the locals in EK are just as unhappy as everyone else with current salaries. All their friends in the government got 25% pay rises. Whether there will be something for the locals only who know.