EK Profit Share
Joined: May 2005
Posts: 140
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From: IN THE PIT
Last year after profits we had a bonus, sorry share of the profit share of 10 weeks.
This year the company made RECORD PROFITS, as math(s) would heve it we got 4 weeks.
I'm glad I don't go to the university of UAE MATH(s)>
This year the company made RECORD PROFITS, as math(s) would heve it we got 4 weeks.
I'm glad I don't go to the university of UAE MATH(s)>
Joined: Dec 2000
Posts: 77
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EK Profit Share
Just wondering if its too early to post a question on the chances of a profit share at Emirates . I know we still have about 3 and some months to go before the accountants do the numbers. If there are ; then can we have a guess or confirmed amount ( from those close to "u no ho" ) of how much or how little can the staff expect?
BM
BM
Joined: Jan 2004
Posts: 316
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From: Luton
Just heard first hand, we're looking at 28 weeks!!! 
....but then I woke up. We're on target, so that means 2 definately. But this next six months is usually when the profits start increasing, so we'll probably get around 2-4 weeks. Can't remember the target set for this year, but I have a feeling that they did not raise it from last year, anyone have any idea what the target is?
....but then I woke up. We're on target, so that means 2 definately. But this next six months is usually when the profits start increasing, so we'll probably get around 2-4 weeks. Can't remember the target set for this year, but I have a feeling that they did not raise it from last year, anyone have any idea what the target is?
Joined: Apr 2003
Posts: 1,034
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From: UAE
The target is the same as last year, and the first half profits were slightly up, so if that continues I would have thought about 4-5 weeks. It depends on a whole load of factors such as the price of fuel or an outbreak of bird flu in Asia. It is probably a bit too early to start speculating.
Joined: Sep 2005
Posts: 86
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From: Whinery
28 weeks
Luckily there is still four or five months for the books to be fiddled so we end up with a nice round, lower figure. Not so little that anyone loses faces but not so high that too much cash is "given away".
Yes it is a bit early yet but maybe BM has been shopping at Spinney's and playing golf at Monty, Abu Dhabi, Ranches, Al Bhadia.... with Kokkos! Not to mention fine dining with that fcukwit TM2.
You feeling the pinch, BM???
Joined: May 2005
Posts: 140
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From: IN THE PIT
Not sure but I think the target remained at 2.5Bn AED. Then its profit, divide by 5 (20%), shared out. Now a greater profit means a lower payout. When the target was 1.75Bn AED = 10 weeks, last year 2.5Bn AED = 4 weeks. Record first half profits this year and the profitable half of the year to go AND a stationary taget .INCREASED PROFIT = LOWER PAYOUT = 2 WEEKS, from the proven formula. Its calculated under the FTLs principle, except there are many more variations applied here.
Hope that helped.
CW
Hope that helped.
CW
Joined: Dec 2000
Posts: 77
Likes: 0
UAE, India to boost air traffic
In continuation of the Profit share thread. It seems that EK should benefit from the 80% increase in the ( two way) seats capacity to India .The current figures are 10,000 seats per week and as per the accord with UAE and Indian civil aviation officials it will go up to 18000 seats per week. With the increased capacity of the 777s I'm sure Emirates will try and optimize its fleet scheduling to improve its yields on the SUBCONTINENT routes by replacing its airbuses with the higher capacity /low operati ng cost 777s. which usually means increased profit share.
Refer to Khaleej times business section 8th dec 2005
BM
http://www.khaleejtimes.com/DisplayA...=business&col=[/URL]
Refer to Khaleej times business section 8th dec 2005
BM
http://www.khaleejtimes.com/DisplayA...=business&col=[/URL]
Joined: Nov 2000
Posts: 357
Likes: 1
From: The Pilot Grinder
You poor cynical lads.......
The stinking red rat of the south would give you $500 worth of shares if you were a good boy......oh yes and you couldn't sell them for three years!!!
We all have to wait and see hey, but, at least its something to try and use to stay ahead of the cost of living in DXB.
The stinking red rat of the south would give you $500 worth of shares if you were a good boy......oh yes and you couldn't sell them for three years!!!
We all have to wait and see hey, but, at least its something to try and use to stay ahead of the cost of living in DXB.
Joined: May 2005
Posts: 140
Likes: 0
From: IN THE PIT
Profit Share Vs Pay Rise (EK)
Maaaany RuMours of a "last year profit share payout", so that next pay increase can be offset by they profit share pot. Will of course be an attempt to fool/recruit more people in. A pay increase will only just start to bring the salary up to a base LH pilot salary, even 20%.
8 wks this year?, would like to see them give a low payout and see that nobody leaves, as all employees are only here to help build/finance their city construction. Shouldn't the Flight International Ads say Mercenary wanted, instead of DEC (or foolish F/O). Ah, no, I forgot, Pilots are only in flying for the love of it and would do the job for nothing (counters assume). Whereas a Mercenary of course has the intelligence to know that he will get a good days pay for a good days work, or he wouldn't go to work!
8 wks this year?, would like to see them give a low payout and see that nobody leaves, as all employees are only here to help build/finance their city construction. Shouldn't the Flight International Ads say Mercenary wanted, instead of DEC (or foolish F/O). Ah, no, I forgot, Pilots are only in flying for the love of it and would do the job for nothing (counters assume). Whereas a Mercenary of course has the intelligence to know that he will get a good days pay for a good days work, or he wouldn't go to work!
Joined: Mar 2003
Posts: 768
Likes: 0
From: Dubai
Aaahhh the profit share scam, designed by senior managers for the benefit of .... Senior Managers.
As long as VP get 2x profit share and SVP's get 4-5X than there will never be any pressure for pay rises.
Apart from that if you give everyone a pay rise, the next year you will find it just a little more difficult to announce a record profit share, simple really.
Lets face it if you can't be smug about winning awards any longer, yo can at least feel extra smug about announcing record profits.
As long as VP get 2x profit share and SVP's get 4-5X than there will never be any pressure for pay rises.
Apart from that if you give everyone a pay rise, the next year you will find it just a little more difficult to announce a record profit share, simple really.
Lets face it if you can't be smug about winning awards any longer, yo can at least feel extra smug about announcing record profits.
Joined: Apr 2004
Posts: 36
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From: Above the Equator but below the Tropopause
Yes, it's that time of year again! And I just can't resist...
My prediction is:
6 weeks profit share
3% increment awarded
5% increase in salary scales
5% increase in utilities allowance
My prediction is:
6 weeks profit share
3% increment awarded
5% increase in salary scales
5% increase in utilities allowance
Joined: Nov 2003
Posts: 82
Likes: 0
From: UAE
Fish, dream on. according to AS he could give us a pay cut due to pay cuts in the usa so as to prevent us climbing up ther bull s@@t salary comparison ladder.Even with those figures you mentioned it still equals a pay cut baring in mind inflation is in double figures.
KEEP DISCVERING NEW JOBS ELSEWHERE
KEEP DISCVERING NEW JOBS ELSEWHERE
Joined: Dec 2003
Posts: 90
Likes: 0
From: In the Desert
The last rumour I heard from pretty reliable source is that it will be 2 to 3 weeks and that's it because the"fuel costs are really hurting" 
Would be nice to see another increase in the utilities allowance as the scum landlords are able to increase their rent on us by 15%
How on earth is anyone seriously expected to work, enjoy a reasonable standard of living and save some money? How foolish of me to forget, nobody gives a toss do they!?
Would be nice to see another increase in the utilities allowance as the scum landlords are able to increase their rent on us by 15%
How on earth is anyone seriously expected to work, enjoy a reasonable standard of living and save some money? How foolish of me to forget, nobody gives a toss do they!?
Joined: Mar 2000
Posts: 80
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The old utilities allowance scam. Announce a 10% increase in utilities as part of the annual pay rise; great? not! A tiny percentage of pilots have taken the allowance so these guys get a pay rise to fund their mortgage whilst the rest of us cant afford to take the allowance as house prices have risen so far already it would need a 100% increase to make us even consider buying a house (that will leak when it rains).
An increase in utilities should be to entice more guys to take it; there is no need to increase it for those already receiving it; their costs havent risen.
An increase in utilities should be to entice more guys to take it; there is no need to increase it for those already receiving it; their costs havent risen.