EK Annual Results, EK Bonus, Emirates Profits etc
Join Date: Mar 2002
Location: The middle east
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You know what EK? Keep the friggin 6% and the three lousy weeks.
I want my health back, I want my time with my family back, I just want to feel normal again. I am tired, I am grumpy and I am flying your hundred million dollar plane and possibly with your wife and children onboard.
Keep it, just give me back the 77 hours I signed up for !!!!!!!!!!
I want my health back, I want my time with my family back, I just want to feel normal again. I am tired, I am grumpy and I am flying your hundred million dollar plane and possibly with your wife and children onboard.
Keep it, just give me back the 77 hours I signed up for !!!!!!!!!!
Thread Starter
Join Date: May 2009
Location: By the sea
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Them & us!
A friend of mine went & suggested the applause was sincere. From the people that work in the office.
They hadn't had their hours increased (before overtime kicked in). Their yearly increment hadn't been taken away. They hadn't found themselves fatigued because they still worked exactly the same hours. In the same place.
So for exactly the same conditions they earnt 3 weeks bonus.
As for the average pilot our hours increased unilaterally (even the prospect of overtime to compensate for fatigue fell by the wayside). Our annual increment got taken away whilst the company made massive profits.
The fact is that many of the non flying personal in EK are happy. It's really only the pilots that are not & there are very valid reasons to that
They hadn't had their hours increased (before overtime kicked in). Their yearly increment hadn't been taken away. They hadn't found themselves fatigued because they still worked exactly the same hours. In the same place.
So for exactly the same conditions they earnt 3 weeks bonus.
As for the average pilot our hours increased unilaterally (even the prospect of overtime to compensate for fatigue fell by the wayside). Our annual increment got taken away whilst the company made massive profits.
The fact is that many of the non flying personal in EK are happy. It's really only the pilots that are not & there are very valid reasons to that
Wow thanks for the kind words above there Getzo. I am very sorry that I tried to help you with your math blunder. 
Shows what recruiting has come down to. Please don't let the door hit you too hard in the @rse on the way out.
The Don
Shows what recruiting has come down to. Please don't let the door hit you too hard in the @rse on the way out.The Don
Join Date: Sep 2006
Location: A land far, far away
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Well said Don. Waste of bandwidth relpying to this guy. I'll slag the company about the unjust crap, but will not lie to try and preach my case further. I'll leave that to our (un)esteemed management.
Adios Getz, thanks for the PM. Nice.
CO
Adios Getz, thanks for the PM. Nice.
CO
Join Date: May 2010
Location: Mars
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Our profit share is contractual. It is not a bonus. It is part of what we signed up for. Part of our package. In essance when the company is doing poorly you will be paid less than when the company does well. We get paid less salary than the EY guys partly because of this. Employees are entitled to (promised) 25% of any profit above the target. It is a very simple calculation. This is not supposed to be negotiable. Unfortunately the rules have been rewritten.
Join Date: Apr 2007
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What I find particularly disgusting and rather ironic about this 3 weeks is that it equates to the amount of weeks most staff in the company have taken upaid!!
There only getting back what they gave up.
As for 'da management' well don't forget they get their multiplier on that figure..what was it, I need refreshing, was it a 3x multiplier for 11s and 6x for higher grades...
As for the clapping, are these people just darn stupid?
3 weeks won't get fox much firkin beer
There only getting back what they gave up.As for 'da management' well don't forget they get their multiplier on that figure..what was it, I need refreshing, was it a 3x multiplier for 11s and 6x for higher grades...
As for the clapping, are these people just darn stupid?
3 weeks won't get fox much firkin beer
Join Date: Nov 2005
Location: France
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newspaper quote....
.... I read in the papaer MF has kindly pointed out " that EK has to foot the bill for some 600 million dollars in social costs, which includes the housing of its flight staff, "
sorry cant stop laughing....GIVE US BASINGS AND IT WOULD BE FREE!!!!!
sorry cant stop laughing....GIVE US BASINGS AND IT WOULD BE FREE!!!!!
Join Date: Dec 2006
Location: Anywhere there are cats to chase.
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Profit Share
You no, I tink 'dat it's OK, da profit share ting. Ay, it's better dan nuttin.
Da las plase I work, da guys, las week, dey get 50% pay cut. A pay CUT!
An if you dwn like it, dan you can "frappé la rue", well it dwn translate but da guy 'e said "it da road if you dwn like it, cause I wanna be like dat odder guy dat run a hairline in dis town an get a 19 year ol' girlfrien' and a Ferrari- so all you guys just f**k off, eh?"
Before dat we got one year a baseball 'at at da Christmas dinner and after dat one year we got a backpack on da seat! Great, eh?
Somewhere in between I get a "Swiss Harmy Nife", but we all 'ad dem taken by security da nex day...
Tabernac.
Da las plase I work, da guys, las week, dey get 50% pay cut. A pay CUT!
An if you dwn like it, dan you can "frappé la rue", well it dwn translate but da guy 'e said "it da road if you dwn like it, cause I wanna be like dat odder guy dat run a hairline in dis town an get a 19 year ol' girlfrien' and a Ferrari- so all you guys just f**k off, eh?"
Before dat we got one year a baseball 'at at da Christmas dinner and after dat one year we got a backpack on da seat! Great, eh?
Somewhere in between I get a "Swiss Harmy Nife", but we all 'ad dem taken by security da nex day...
Tabernac.
Join Date: Feb 2010
Location: Dubai
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When you read about a shmarmy little French SALESMAN at goldman sachs who gets rewarded with bags of sweaty cash for using deceipt, cunning and subterfuge to sell toxic waste to whoever was foolish enought to buy it (and supposedly contributed to the reason our super fund crapped itself in recent years passed) and then compare that with the bonus we've just been paid for safely transporting 100's of 1000's of blissfully ignorant passengers (amongst them likely to have been the very same people selling the toxic waste), with professionalism, an intense duty of care and responsibility to the safety and comfort of economy, business and first class alike, it doesnt help my cynicism any.
The only silver lining I can grasp is at least it comes duty-free. Urgh!
The only silver lining I can grasp is at least it comes duty-free. Urgh!
Join Date: Apr 2003
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Footing the bill for "Social Costs"?
EK does not foot the bill for social costs. It comes off your salary. If you don't live in company accommodation you get the utilities allowance which gives you a salary you can directly compare with back home, where you pay your own housing costs. If you do live in company accommodation you don't get the allowance. The reason you can no longer move out and rent your own place is that the places they allocate to you cost less than the utilities allowance would be. For the benefit of those not familiar with the EK housing situation it is worth empahasising that you don't get a choice where you live and you cannot change it once it is allocated.
The only "social costs" EK have to meet is the cost of getting us to work and back (which is contractual or I'm pretty sure it would have gone by now) and our health insurance. I suppose they have the cost of our annual leave tickets- unless you are American and they have changed your destination. Even the cost of our families insurance is deducted from our salary.
I didn't read the article but please tell me MF was not complaining about how hard and expensive it is to run an airline in Dubai?
The only "social costs" EK have to meet is the cost of getting us to work and back (which is contractual or I'm pretty sure it would have gone by now) and our health insurance. I suppose they have the cost of our annual leave tickets- unless you are American and they have changed your destination. Even the cost of our families insurance is deducted from our salary.
I didn't read the article but please tell me MF was not complaining about how hard and expensive it is to run an airline in Dubai?
Join Date: Jun 2007
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Lucky they never named a target - this way they can massage things a little so they don't do themselves an injury when they see how much they might have to "share" according to their "system."
They didn't set a target and the profit was less than that set 2 years ago but elected to pay up.
EK did set a target, you can read about it here:
Emirates on track to reach FY profit aim | INTERNATIONAL AVIATION NEWS
They didn't set a target and the profit was less than that set 2 years ago but elected to pay up.
EK did set a target, you can read about it here:
Emirates on track to reach FY profit aim | INTERNATIONAL AVIATION NEWS
Last edited by The Turtle; 13th May 2010 at 13:07. Reason: brevity