EK Profit Share
Join Date: Mar 2003
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anyone that thinks they know, until the official announcement, is talking bo**ocks. In all the years of the profit scam, nobody has known until it is officially announced.
By all means guess, but that's all you can do.
By all means guess, but that's all you can do.
Join Date: Jan 2006
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Did the Pharohs give plundered gold to the slaves rowing their ships, no but they sure whipped their asses.
And the EK boys are really feeling it .......................
Slaves dont get bonusses........................
And the EK boys are really feeling it .......................
Slaves dont get bonusses........................
Join Date: Feb 2003
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Hey 145qrh,
Sometimes it is a premature blowing!
GreenOnGo,
I think the earnings report for the year is scheduled for the 24th, but i am not sure. ( It is sometime during that week) The bonus is announced with the annual earnings report. The 1st half earnings were up almost 20%, and we do not have many empty planes now, so I would think it would be more than last years 4 weeks. Maybe 6? Who the hell knows, but he is not here today.
Regards,
330 Man
Sometimes it is a premature blowing!
GreenOnGo,
I think the earnings report for the year is scheduled for the 24th, but i am not sure. ( It is sometime during that week) The bonus is announced with the annual earnings report. The 1st half earnings were up almost 20%, and we do not have many empty planes now, so I would think it would be more than last years 4 weeks. Maybe 6? Who the hell knows, but he is not here today.
Regards,
330 Man
Join Date: Jan 2005
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Change to Profit Share Rules .........about time
Always thought it was a ripp off having contributed to the company coffers and not being able to get the profit share because of this and that.
We are pleased to announce a change in the Profit Share Rules for the 2006-2007 financial year.
Employees who have completed at least six calendar months service in the financial year will now be eligible for a prorated payment calculated for each complete calendar month worked. Recall previously the Profit Share Rules required an employee to be in service for the full 12 months of the financial year to be eligible for payment.
This effectively means:
Employees who joined prior to 1st April 2006 and worked throughout the financial year will be eligible to the full profit share payment.
Employees who join prior to 1st October 2006 and work at least six calendar months in the financial year will receive a prorated profit share payment.
Note, to be eligible for receiving payment of the 2006-2007 profit share, an employee must be in-employment on the date the profit share is actually paid out.
Employees who have completed at least six calendar months service in the financial year will now be eligible for a prorated payment calculated for each complete calendar month worked. Recall previously the Profit Share Rules required an employee to be in service for the full 12 months of the financial year to be eligible for payment.
This effectively means:
Employees who joined prior to 1st April 2006 and worked throughout the financial year will be eligible to the full profit share payment.
Employees who join prior to 1st October 2006 and work at least six calendar months in the financial year will receive a prorated profit share payment.
Note, to be eligible for receiving payment of the 2006-2007 profit share, an employee must be in-employment on the date the profit share is actually paid out.
Join Date: Jun 2004
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Sounds like a step in the right direction to me. Pro rata is without doubt a fairer way. There'll still be those that complain though. 
Now I just need to persuade HR to backdate the policy by about 3 years and i'm sorted!
Now I just need to persuade HR to backdate the policy by about 3 years and i'm sorted!
Join Date: Apr 2006
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Emirates half-year profit soars to $323 million on 30% rise in revenues
tuesday November 7, 2006
Emirates reported a $323 million net profit for the first half of its fiscal year, widened from $251 million in the year-ago period, on a 30% jump in revenues to $3.67 billion, marking the highest first-half profit in its history.
"The results reflect a strong revenue performance driven by robust passenger and cargo demand, and better yields, which softened the impact of high fuel prices on operating costs," the airline said in a statement.
For the six months ended Sept. 30, passenger revenues rose 31% as passengers carried increased 20% to 8.4 million. Emirates SkyCargo posted a revenue increase of 29% as freight grew 20% to 577,455 tons. The cargo unit's contribution to overall revenues remained steady at 21%.
Fuel costs for the half-year surpassed $1 billion and remained the carrier's biggest expenditure, accounting for 30.7% of total operating costs. "Measures taken by Emirates to remain on target include stringent cost-containment and efficiency drives, but like other airlines, Emirates has been forced to maintain fuel surcharges on tickets, which do not fully cover the escalating costs," it said.
The airline has launched services to 10 new cities since January: Abidjan, Addis Ababa, Bangalore, Beijing, Hamburg, Kolkata, Lilongwe (cargo-only), Nagoya, Thiruvananthapuram and Tunis. Its total network now comprises 87 cities, including four cargo-only destinations.
With 10 747-8Fs recently ordered (ATWOnline, Oct. 10), the fast-growing carrier now has more than 100 widebody jets with list-price values exceeding a collective $30 billion pending delivery. The current fleet consists of 100 aircraft including 29 A330-200s and 22 777-300ERs.
by Aaron Karp
Emirates reported a $323 million net profit for the first half of its fiscal year, widened from $251 million in the year-ago period, on a 30% jump in revenues to $3.67 billion, marking the highest first-half profit in its history.
"The results reflect a strong revenue performance driven by robust passenger and cargo demand, and better yields, which softened the impact of high fuel prices on operating costs," the airline said in a statement.
For the six months ended Sept. 30, passenger revenues rose 31% as passengers carried increased 20% to 8.4 million. Emirates SkyCargo posted a revenue increase of 29% as freight grew 20% to 577,455 tons. The cargo unit's contribution to overall revenues remained steady at 21%.
Fuel costs for the half-year surpassed $1 billion and remained the carrier's biggest expenditure, accounting for 30.7% of total operating costs. "Measures taken by Emirates to remain on target include stringent cost-containment and efficiency drives, but like other airlines, Emirates has been forced to maintain fuel surcharges on tickets, which do not fully cover the escalating costs," it said.
The airline has launched services to 10 new cities since January: Abidjan, Addis Ababa, Bangalore, Beijing, Hamburg, Kolkata, Lilongwe (cargo-only), Nagoya, Thiruvananthapuram and Tunis. Its total network now comprises 87 cities, including four cargo-only destinations.
With 10 747-8Fs recently ordered (ATWOnline, Oct. 10), the fast-growing carrier now has more than 100 widebody jets with list-price values exceeding a collective $30 billion pending delivery. The current fleet consists of 100 aircraft including 29 A330-200s and 22 777-300ERs.
by Aaron Karp
Join Date: Jun 2006
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With precious little investment in their staff it's no wonder that the profits are up on paper... watch though how they tend to reduce the figures around March after 'another difficult and challenging year'.
Join Date: Jun 2005
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My favourite EK "mirrors and smoke"
We have had a really tough year and have made record profits on the back of cutting your terms and benefits on a regular basis and not keeping up with cost of living in Dubai.
So here is 5 weeks profit share, although we should be paying you 20 weeks, we need to give $200 million to the government to help with paying for further benefits for nationals, so this is all we can afford. Be grateful and don't forget to thank your clever managers for sha*ting you so consistently.
We have had a really tough year and have made record profits on the back of cutting your terms and benefits on a regular basis and not keeping up with cost of living in Dubai.
So here is 5 weeks profit share, although we should be paying you 20 weeks, we need to give $200 million to the government to help with paying for further benefits for nationals, so this is all we can afford. Be grateful and don't forget to thank your clever managers for sha*ting you so consistently.
Join Date: Oct 2006
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profit share
With the half yearly YET AGAIN record profiteering by the company.
WHY WHY do i keep hearing that no profit share next year due to this or that!!!
The latest one that even though we have record profiteering this year it is still below the PROJECTED threshold to trigger profit share to its slaves!
OR the OIL chestnut!!
Profit is profit is it not!
Stop profit share because it simply is not transparent enough and just give the slaves a 50 percent pay rise that you know we all bloody well deserve and be done with it.
As a small side dish!! I wonder how much it costs the company profiteering WISE as they are, to produce thousands of GLOSSY pictures warning its SLAVES not to steal the toothepaste. Surely if the toothepaste and everything else that is not bolted down in those toilets is all accounted for in the cost of that flight!! So printing those beautiful posters is surely extra cost to the company which reduces the overall PROFITEERING of the company!
Anyway im sure it will be factored in to that end of year calculation as ANOTHER excuse for no PROFIT share this year!!
WHY WHY do i keep hearing that no profit share next year due to this or that!!!
The latest one that even though we have record profiteering this year it is still below the PROJECTED threshold to trigger profit share to its slaves!
OR the OIL chestnut!!
Profit is profit is it not!
Stop profit share because it simply is not transparent enough and just give the slaves a 50 percent pay rise that you know we all bloody well deserve and be done with it.
As a small side dish!! I wonder how much it costs the company profiteering WISE as they are, to produce thousands of GLOSSY pictures warning its SLAVES not to steal the toothepaste. Surely if the toothepaste and everything else that is not bolted down in those toilets is all accounted for in the cost of that flight!! So printing those beautiful posters is surely extra cost to the company which reduces the overall PROFITEERING of the company!
Anyway im sure it will be factored in to that end of year calculation as ANOTHER excuse for no PROFIT share this year!!
Join Date: Sep 1999
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Who else is there to sponsor? Any one need a new stadium built? Surely we can give this money to someone! We can't just give it away to the staff for no justifiable benefit to EK!
Join Date: Feb 2005
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Due to excess fuel uplift, as required by our deskbound non pilot CEO, not enough people taxiing on one engine, to many guys starting the APU after landing and finally disruption caused by Biman, fog and lazy pilots.
Due to excess fuel uplift, as required by our deskbound non pilot CEO, not enough people taxiing on one engine, to many guys starting the APU after landing and finally disruption caused by Biman, fog and lazy pilots.
Join Date: Jun 2006
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10 - 16 tonnes 'additional' due to 'hub protection' on prob40 cavok making a farce of APU savings... sponsorship of whatever else we're putting our name on, engine failures, fog (well anything below 2000m), contract training, additional training of new recruits, schedule disruption due to crewing levels...
Profit share? They don't need smoke and mirrors to disguise their monumental cock ups this time and we'll be the ones that pay the tab as usual.
Profit share? They don't need smoke and mirrors to disguise their monumental cock ups this time and we'll be the ones that pay the tab as usual.
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Surprise, Surprise
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Emirates to invest Dh2.7b in hotels and resorts
http://archive.gulfnews.com/business.../10112490.html
03/21/2007 12:54 AM | By Saifur Rahman, Business News Editor
Dubai: Emirates, the second biggest and most profitable Arab carrier, is investing Dh2.7 billion in developing its hotel portfolio which will be managed by its newly-established Emirates Hotels and Resorts division.
Emirates carries the highest number of passengers to and from Dubai and also takes care of their accommodation them while on a stopover here.
"We are the largest pro-viders of businesses to Dubai's hotel industry and will continue to be. However, the new division is our responsible contribution to the emirate of Dubai," Hans E. Haensel, Emirates' senior vice-president for Destination and Leisure Management Division, told Gulf News.
"It is by no means taking away the businesses from the hotels."
Dubai's hotel industry is currently suffering from shortages of rooms.
"We are trying to contribute to that. The industry currently needs 35,000 additional rooms to meet the future demands. We are putting only 1,850 rooms to support the industry," Haensel assured the hoteliers of Dubai.
The airline's hotel projects include a Dh1.8 billion Emirates Park Towers - a twin tower complex that will house 900 guest rooms and 300 serviced apartments and rise to 77 floors - off Shaikh Zayed Road. Middle East Foundation is currently completing the piling works. In September this year, the Dh518 million Emirates Marina Hotel and Residence, a complex hosting 261 rooms and apartments, will open.
This will be followed by the Emirates Green Lakes, a 350-apartment complex, that Emirates Hotels & Resorts will operate under a management contract.
The airline already operates a 42-suite Al Maha Desert Resort and Spa, built in the 1990s at a cost of Dh125 million. It is also developing a similar one at a cost of Dh253 million at Wolgan Valley in Australia's Blue Mountains in New South Wales. Construction of the 40-suit Emirates Wolgan Valley is to start in June and is expected to be completed by September 2008.
The company, however, is not planning to develop this into a global hotel brand like Radisson SAS, spearheaded by the Scandinavian carrier, or other five-star brands such as Hilton, Sheraton and the Intercontinental.
"But we would compete with them in quality and service," Tony Williams, vice-president for Resorts and Projects at Emirates Hotels and Resorts, said.
"Across the range of products, we will offer super luxury desert conservation like Al Maha - a very niche product as well as the luxury five-star services in the large business hotels."
The airline has also entered into the spa business with the launch of Timeless Spa.
Emirates to invest Dh2.7b in hotels and resorts
http://archive.gulfnews.com/business.../10112490.html
03/21/2007 12:54 AM | By Saifur Rahman, Business News Editor
Dubai: Emirates, the second biggest and most profitable Arab carrier, is investing Dh2.7 billion in developing its hotel portfolio which will be managed by its newly-established Emirates Hotels and Resorts division.
Emirates carries the highest number of passengers to and from Dubai and also takes care of their accommodation them while on a stopover here.
"We are the largest pro-viders of businesses to Dubai's hotel industry and will continue to be. However, the new division is our responsible contribution to the emirate of Dubai," Hans E. Haensel, Emirates' senior vice-president for Destination and Leisure Management Division, told Gulf News.
"It is by no means taking away the businesses from the hotels."
Dubai's hotel industry is currently suffering from shortages of rooms.
"We are trying to contribute to that. The industry currently needs 35,000 additional rooms to meet the future demands. We are putting only 1,850 rooms to support the industry," Haensel assured the hoteliers of Dubai.
The airline's hotel projects include a Dh1.8 billion Emirates Park Towers - a twin tower complex that will house 900 guest rooms and 300 serviced apartments and rise to 77 floors - off Shaikh Zayed Road. Middle East Foundation is currently completing the piling works. In September this year, the Dh518 million Emirates Marina Hotel and Residence, a complex hosting 261 rooms and apartments, will open.
This will be followed by the Emirates Green Lakes, a 350-apartment complex, that Emirates Hotels & Resorts will operate under a management contract.
The airline already operates a 42-suite Al Maha Desert Resort and Spa, built in the 1990s at a cost of Dh125 million. It is also developing a similar one at a cost of Dh253 million at Wolgan Valley in Australia's Blue Mountains in New South Wales. Construction of the 40-suit Emirates Wolgan Valley is to start in June and is expected to be completed by September 2008.
The company, however, is not planning to develop this into a global hotel brand like Radisson SAS, spearheaded by the Scandinavian carrier, or other five-star brands such as Hilton, Sheraton and the Intercontinental.
"But we would compete with them in quality and service," Tony Williams, vice-president for Resorts and Projects at Emirates Hotels and Resorts, said.
"Across the range of products, we will offer super luxury desert conservation like Al Maha - a very niche product as well as the luxury five-star services in the large business hotels."
The airline has also entered into the spa business with the launch of Timeless Spa.
