Ek Profit share forecasts
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Wingman,
What on earth are you thinking, do not post fact!
I heard from a bog cleaner in Senegal who's friend flew on a flight with Jet Airways from Banaglore to Chennai that it would be 2 weeks. His brother sitting on the other side of the aisle heard 200, not sure which is right.
Every year utter boll*x but then again it is a rumour network. 14 weeks!
What on earth are you thinking, do not post fact!
I heard from a bog cleaner in Senegal who's friend flew on a flight with Jet Airways from Banaglore to Chennai that it would be 2 weeks. His brother sitting on the other side of the aisle heard 200, not sure which is right.
Every year utter boll*x but then again it is a rumour network. 14 weeks!
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Heard from a collegue, who heard from a friend of a friend that heard from a mate who talked to a buddy that was on a flight with TC and the Chairman, , , , , that it's 16 weeks!
Of course this has subsequently been confirmed by the refueler in Dhaka, a security guard at SC, a cleaner at EGHQ and a brand new GR2 from Botswana!
So it must be true!
Of course this has subsequently been confirmed by the refueler in Dhaka, a security guard at SC, a cleaner at EGHQ and a brand new GR2 from Botswana!
So it must be true!
Over in the 'Cathay Pacific Group' they had the pleasure 
of receiving 5 weeks plus $800 US..... And this was after a record breaking $1.8 Bill US profit!!!
b.
of receiving 5 weeks plus $800 US..... And this was after a record breaking $1.8 Bill US profit!!!b.
Last edited by boocs; 11th Mar 2011 at 07:37. Reason: spulleng
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The (profit share) is a distraction.....irrelevant
If they pay what they promise to when you join, a profit share is something you can factor in ahead of time because the formula and the (alleged) performance figures are there for anyone to look at.
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25% of the net profits above the target to be distributed.
Couple of years ago 700 millions above the target were equal to 14 weeks bonus and a 6+3 pay raise.
Simple math.
Couple of years ago 700 millions above the target were equal to 14 weeks bonus and a 6+3 pay raise.
Simple math.
2 weeks, my bet!
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If 700 million above target was equal to 14 weeks how can it be that more than 1 billion above can give us only 2 weeks????
Hiring in the last two years has been almost irrelevant.
I understand that we have to deal with very greedy and unfair management and owners but if they really come out with anything less that 10 weeks would be a real steal!!!!!
Flare
Hiring in the last two years has been almost irrelevant.
I understand that we have to deal with very greedy and unfair management and owners but if they really come out with anything less that 10 weeks would be a real steal!!!!!
Flare
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From The National
The Dubai Government-owned carrier is expected to achieve a net profit of about US$2 billion (Dh7.34bn), analysts say.
Well, there you go Flare..
It all depends on how high was the target set.
I can recall 1.4-1.6 USD Billion.
You'll get 25% of the exceedance on top of the 2 weeks..
The Dubai Government-owned carrier is expected to achieve a net profit of about US$2 billion (Dh7.34bn), analysts say.
Well, there you go Flare..
It all depends on how high was the target set.
I can recall 1.4-1.6 USD Billion.
You'll get 25% of the exceedance on top of the 2 weeks..
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From the Gholf News
EMIRATES SET TO MAKE OVER 2 BILLION USD PROFIT
Announcing this astounding reversal of fortune over last years profits, Emirates was quick to announce that factors like unrest in the Middle East, rising oil prices and the earthquake in Japan with new pressures on global economies pressured it into reviewing employee's profitshare.
While we appreciate the fact that we asked our award winning staff to tighten their belts in order to increase productivity during the tough economic times of last year, I'm sure they will understand that this profit is necessary for the main shareholders to remain involved in the airline and for them to keep the Abu Dhabi government satisfied. I'm sure that our employees will understand why no profitshare will be coming their way in these tough economic times, said a senior executive while thumbing through the 2012 Ferrari showbook.
He was quick to add that he was sure that with continued dedication, increased workload and superhuman effort, an increased profit next year would possibly result in a record profitshare in 2012. Next year could be our best, he declared.
Employees in all departments could expect direction in cost-saving and increased productivity, he said.
EMIRATES SET TO MAKE OVER 2 BILLION USD PROFIT
Announcing this astounding reversal of fortune over last years profits, Emirates was quick to announce that factors like unrest in the Middle East, rising oil prices and the earthquake in Japan with new pressures on global economies pressured it into reviewing employee's profitshare.
While we appreciate the fact that we asked our award winning staff to tighten their belts in order to increase productivity during the tough economic times of last year, I'm sure they will understand that this profit is necessary for the main shareholders to remain involved in the airline and for them to keep the Abu Dhabi government satisfied. I'm sure that our employees will understand why no profitshare will be coming their way in these tough economic times, said a senior executive while thumbing through the 2012 Ferrari showbook.
He was quick to add that he was sure that with continued dedication, increased workload and superhuman effort, an increased profit next year would possibly result in a record profitshare in 2012. Next year could be our best, he declared.
Employees in all departments could expect direction in cost-saving and increased productivity, he said.
Last edited by Yossarian; 16th Mar 2011 at 22:28.
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HAS THE TARGET BEEN RAISED?
The purser on my last trip was forced to go to one of their development meetings last month and she was told that the target was raised when we announced our 6 month results in November. Anyone else heard this? This did come from KG (former Boeing Fleet Mgr.) who would lie even if the truth worked better. If it is true, to raise the target because we are doing too well is another slap in the face.
As I recall the target set last May is 4.4 billion AED.
If we do indeed earn 2 billion dollars (7.3 billion AED) we will exceed the target by 2.9 billion AED. 2 weeks plus 25% of 2.9 billion (700M+ AED).
The year we got 14 weeks our staff count was about 36500. Now it is 41000.
Everything adds up to a big bonus, which is exactly why I do not expect nor plan on it. Neither should you!
330 Man
The purser on my last trip was forced to go to one of their development meetings last month and she was told that the target was raised when we announced our 6 month results in November. Anyone else heard this? This did come from KG (former Boeing Fleet Mgr.) who would lie even if the truth worked better. If it is true, to raise the target because we are doing too well is another slap in the face.
As I recall the target set last May is 4.4 billion AED.
If we do indeed earn 2 billion dollars (7.3 billion AED) we will exceed the target by 2.9 billion AED. 2 weeks plus 25% of 2.9 billion (700M+ AED).
The year we got 14 weeks our staff count was about 36500. Now it is 41000.
Everything adds up to a big bonus, which is exactly why I do not expect nor plan on it. Neither should you!
330 Man
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Emirates expected to announce record earnings
March 15th, 2011 Written by Oliver CLARKE
One of the world’s largest international airlines, Emirates, is expected declare record earnings next month as its fiscal year comes to a close. For the first half, the carrier published earnings of $925 million and analysts expect this to at least double for the second-half. The positive results will be announced despite political and social upheaval in the Middle East, natural disasters and the spiralling price of jet fuel.
Emirates recently received the accolade of airline of the year from the Centre for Asia Pacific Aviation. Peter Harbison, the organisation’s executive chairman, said he did not think recent political upheavals and natural disasters would have a negative affect on the growing demand for international air travel.
He added that along with US carrier Southwest Airlines, Emirates was the most influential airline in the world. Harbison explained that it is now possible to link almost any two points on the planet via Emirates’ Dubai hub.
According to the Royal Bank of Scotland, Emirates and fellow Gulf airlines will concentrate on increasing their global reach by growing traffic to and from the Middle East, Africa, China and India. Emirates is expected to be flying some 250 aircraft by the end of the decade and will have added around 46 more destinations to its schedule.
The carrier already has close to 200 new aircraft on order, 75 of which are Airbus A380 superjumbos. According to RBS, the airline will also place greater emphasis on increasing its presence in the US market as well as various parts of Asia.
March 15th, 2011 Written by Oliver CLARKE
One of the world’s largest international airlines, Emirates, is expected declare record earnings next month as its fiscal year comes to a close. For the first half, the carrier published earnings of $925 million and analysts expect this to at least double for the second-half. The positive results will be announced despite political and social upheaval in the Middle East, natural disasters and the spiralling price of jet fuel.
Emirates recently received the accolade of airline of the year from the Centre for Asia Pacific Aviation. Peter Harbison, the organisation’s executive chairman, said he did not think recent political upheavals and natural disasters would have a negative affect on the growing demand for international air travel.
He added that along with US carrier Southwest Airlines, Emirates was the most influential airline in the world. Harbison explained that it is now possible to link almost any two points on the planet via Emirates’ Dubai hub.
According to the Royal Bank of Scotland, Emirates and fellow Gulf airlines will concentrate on increasing their global reach by growing traffic to and from the Middle East, Africa, China and India. Emirates is expected to be flying some 250 aircraft by the end of the decade and will have added around 46 more destinations to its schedule.
The carrier already has close to 200 new aircraft on order, 75 of which are Airbus A380 superjumbos. According to RBS, the airline will also place greater emphasis on increasing its presence in the US market as well as various parts of Asia.
