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EK Profitshare down the drain...

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EK Profitshare down the drain...

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Old 20th Jan 2011, 10:30
  #21 (permalink)  
 
Join Date: Jun 2001
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Seaman,

Sorry, but I haven't seen any of this. All I've seen recently is a lot of trumpet blowing and back-slapping about how much monet they're making. They are a bit worried about fuel costs (oil back to $100 give or take) but the message I've got is it will be a record profit.

What form has this hedging and minimising of profit and bonus taken that you've heard or read?

Moral down because we're working to hard, haven't got productivitey back and things like education have been frozen, sure all true.

But nothing has led me to expect any less than a pretty good bonus- I'll be p1zzed off if it's less than ten weeks.
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Old 21st Jan 2011, 11:03
  #22 (permalink)  
 
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have we had any good news recently?
Well, after a lot of ranting, I have to be fair and oppose the above.
Dakar: The 3rd pilot will be use outbound - big improvement!
Shanghai: Increase to 3 man ops - huge improvement.
It took them long, they made money out of us, yes, but they have corrected it.
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Old 26th Jan 2011, 15:19
  #23 (permalink)  
 
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Its towards the end of January and the machine has already started to spread the message. Graduating cabin crew, new joiners and those on promotion, were told today (by manager of cabin crew (the step above ccm) N from the uk) that although the company may be making money at the moment, they should not raise their expectations too high, as the future looks bleak. Well I guess the cabin crew did get a Aed 200 per month pay rise last year, that's a bottle of wine if you get discount. A pay rise of such magnitude two years in a row would be a very high expectation!
I wonder when the flight ops show will begin?

The Don
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Old 27th Jan 2011, 06:03
  #24 (permalink)  
 
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Heard the same thing from another CC manager. That's what they are being told to slowly spread when they have the opportunity.....very very small bonus. Excess profit to go to Dubai. Setting up the minions to be excited over a, let's see, two or three week bonus.
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Old 27th Jan 2011, 06:43
  #25 (permalink)  
 
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Let's see, record profits,the best year the company has ever had,should be 20-30 week PROFIT share but it wont, greed and ego will dominate the day. What ever anyone says between now and end of April , especially a CCM, is simply full of it.
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Old 28th Jan 2011, 07:38
  #26 (permalink)  
 
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A less then expected share is/will be a disappointing result for sure. But even worse is the fact that there was a time when the thought of a profit share united the company. For a few months ahead of the announcement there was positive banter between pilots, dispatchers, crew, drivers and just about anyone. From memory the KRT ground staff were always pretty accurate with a prediction. It was a bit like having a ticket in the LOTTO and waiting with expectation for your numbers to fall. But the last bunch of years, the approaching profit reporting season has brought with it cynicism, distrust and resentment. What a shame.
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Old 28th Jan 2011, 09:56
  #27 (permalink)  
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Guys chill out! Just as I don't get excited when the numbers start coming out I also don't get down when all the negativity starts surfacing. Just wait till the announcement comes out which is still a while away!

Safe flying!
 
Old 28th Jan 2011, 10:58
  #28 (permalink)  
 
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5 weeks, just enough to not totally p*ss off everyone, but rest goes to the empty piggy bank
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Old 28th Jan 2011, 13:37
  #29 (permalink)  
 
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I second that, that's a starting point!
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