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EK Profit Share....

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EK Profit Share....

Old 27th Apr 2008, 11:34
  #21 (permalink)  
 
Join Date: Jan 2004
Location: Stratosphere
Posts: 223
..plus 2 weeks for meeting target
trimotor is offline  
Old 27th Apr 2008, 15:30
  #22 (permalink)  
 
Join Date: Jul 2007
Location: OMAL
Posts: 56
= 8 weeks ?..
baob2oba is offline  
Old 27th Apr 2008, 16:48
  #23 (permalink)  
 
Join Date: Sep 2006
Location: not in Dubai anymore
Age: 90
Posts: 712
I know how much we get from a reliable source, ITS NOT ENOUGH
GoreTex is offline  
Old 27th Apr 2008, 17:21
  #24 (permalink)  
 
Join Date: Mar 2004
Location: Planet Earth
Posts: 578
If you're off on the 30th take life easy, stay at home and put your feet up because you deserve your days off.

Your can read on the portal, or even here! how little you're going to get, you really won't be missing anything at all.

It won't change things by being there, and the buffet really is no better than what your wife can knock up for lunch, as you well know in emirates, if it's free it's going to be crap!!!
puff m'call is offline  
Old 27th Apr 2008, 18:59
  #25 (permalink)  
 
Join Date: Feb 2008
Location: Tent in the Desert
Posts: 43
Great idea!
Sheikh-It-Easy is offline  
Old 28th Apr 2008, 07:18
  #26 (permalink)  
 
Join Date: Apr 2003
Location: UAE
Posts: 959
I think Thylakoid is correct in how the profit share is calculated. However, as we get more employees we should make more profit so the profit share shouldn't go down because of that.

However, I think it is all just smoke and mirrors anyway and it will be "adjusted" by the bean counters to as little as they feel they can get away with without mass resignations.

How does 5 weeks sound?
BigGeordie is offline  
Old 28th Apr 2008, 07:35
  #27 (permalink)  
 
Join Date: Oct 2007
Location: sh!# hole
Posts: 175
I personally think it will be 12 weeks (a big one) and then the end of profit share/bonus. Rumours are that we will be given shares in the company.
oz in dxb is offline  
Old 28th Apr 2008, 10:17
  #28 (permalink)  
 
Join Date: Jul 2007
Location: home
Posts: 100
12 weeks sounds right. 10% pay rise, maybe less. All other perks will get official inflation( one third of reality).
clevlandHD is offline  
Old 28th Apr 2008, 12:28
  #29 (permalink)  
 
Join Date: Jun 2006
Location: Shadow of Burj Dubai
Posts: 54
11 weeks, 7%+3% on basic, variable pay doubled... the usual 'well informed' say.
MumbaiRadio is offline  
Old 28th Apr 2008, 17:11
  #30 (permalink)  
 
Join Date: Jun 2006
Location: Alaska
Posts: 164
6 weeks and no payrise , maybe a reduction in flight pay. The aviation boom cycle is always very short.
Rabbitwear is offline  
Old 28th Apr 2008, 18:30
  #31 (permalink)  
 
Join Date: Jan 2003
Location: Eternal Beach
Posts: 1,061
LOL Love it

halas
halas is offline  
Old 28th Apr 2008, 18:32
  #32 (permalink)  
 
Join Date: Sep 2006
Location: not in Dubai anymore
Age: 90
Posts: 712
eklawyer, cant agree more with you, guess the other boys are still on their honeymoon.
GoreTex is offline  
Old 28th Apr 2008, 20:57
  #33 (permalink)  
 
Join Date: Dec 1999
Location: Dubai, U.A.E.
Posts: 222
EK Lawyer, you are a beaut! I pissed myself laughing. Brilliant.

Ok here goes! 12 weeks bonus. 3% + 9% on basic, + 100% on flight pay. Overtime 650 for Skippers and 390 for FO's. 12% 0n Utilities.

Check 'Six'
Check 'Six' is offline  
Old 28th Apr 2008, 22:53
  #34 (permalink)  
 
Join Date: Sep 2006
Location: not in Dubai anymore
Age: 90
Posts: 712
6,
if not I stick ze bajonett in ze head
GoreTex is offline  
Old 29th Apr 2008, 04:56
  #35 (permalink)  
Thread Starter
 
Join Date: Feb 2007
Location: Location,location,location
Posts: 20
My twopence worth!

8 weeks, 5% + increment. No increase on flight pay. Utilities maybe 7%

see if I'm wrong!
bobsback is offline  
Old 29th Apr 2008, 07:24
  #36 (permalink)  
 
Join Date: Oct 2006
Location: Land of NI
Posts: 97
5 weeks bonus, 7 perc plus 3 perc,20k aed increase in utilities,OT 500 aed per hour but with an increased threshold to say 83 hours.. 65 aed per hour flight pay,new joiners higher utility allowance than existing pilot workforce to entice them to take rented accom or to buy straight from the outset!! (You guys like that one), 10 percent inc in education allowance. Meal vouchers... IF YOU DONT LIKE IT LEAVE YOU LAZY PILOTS.............
BIKKERDENNAH is offline  
Old 29th Apr 2008, 09:45
  #37 (permalink)  
 
Join Date: Dec 2007
Location: Asia
Posts: 7
Singapore airlines will be announcing thier bonus and profit share pretty soon.heard that it will be 28 week just like last year and maybe more.
flyhigh88 is offline  
Old 29th Apr 2008, 10:02
  #38 (permalink)  
 
Join Date: Jun 2006
Location: Alaska
Posts: 164
You guys are in for a very rude shock if you think there will be any payrise.
Rabbitwear is offline  
Old 29th Apr 2008, 12:11
  #39 (permalink)  
 
Join Date: Oct 2007
Location: sh!# hole
Posts: 175
SQ gives nice big profit share because they pay it on your basic pay, like EK.
However your base pay at SQ is a lot lower than our base pay. You make your extras from your flying pay which is a lot higher than ours.

I would think that SQs 28 weeks is equavalent to us getting 14 weeks. Maybe not precise but close.
oz in dxb is offline  
Old 29th Apr 2008, 13:47
  #40 (permalink)  
 
Join Date: Aug 2006
Location: >FL310
Posts: 429
Not even close.
If you take their basic s$9300/mo = s$2325/wk 2325X28=s$65100 s$65100x.75= USD$48825 (with 10% taxes then $43942)

30,700AED basic for yr one or two B777 capt per month
30,700AED/mo=7675/wk 7675AEDx14=107450AED
107450AED/3.69=USD$29120

Easier way to work it is their US dollar amount per week is $1743.
Ek dollar amount per week using 3.69 is $2079.

They make about 16% less on the basic...but, they get paid 13 mo's plus last year 24 weeks which nets 28 weeks. But they do pay a 10% tax.

Scary stuff to put one's limited math skills on display. So if I made any glaring mistakes, blame it on too much sun and sand in my eyes...


Posted on another site on PPRuNe....


B777 Captain: in S$ per month

Basic: $9300
MVC (Monthly Variable Component) : $767
AVC (Annual Variable Component): $767 x 1.15 (paid lumpsum in June for whole year)
Meal Allowances: $2000 (on average, including in-flight & overnight allowances, incl 6 weeks leave, tax-free)
PPA (productivity allowance): $4000 (on average, incl 6 weeks leave)
Transport: $120
Bonus: Between 3 to 6 months of (basic+MVC+AVC)...simplified explanation
13th month "Bonus": 1 month (basic+MVC+AVC)

Income Tax (approx): $2500 (locals), $3500 (expats)

For expats:

Housing: $ 3200 (adjustable, barely, $3100-$3500)
Schooling: $1400 per child for 2 children
Gratuity: $10,000 per year (on completion of contract)
Joining Bonus: Upto $30,000 possible

SI (Service Increment) for every year of service: Approx 3% of basic, incorporated into basic. This year may be more, as inflation has touched 6.6% versus an average of 2-3% over the past 15-20 years.


Lots of other variables like housing etc. but we're just talking cash....


TangoUniform is offline  

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