Ek Profit share forecasts
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I think we will either be dissatisfied or pissed off!
I strongly doubt it will come close to being enough to cover the "overtime" flown in the past year, let alone exceed this value and become a legit' profit share payment.
Very happy to be proven wrong on this one though.
Cav.
I strongly doubt it will come close to being enough to cover the "overtime" flown in the past year, let alone exceed this value and become a legit' profit share payment.
Very happy to be proven wrong on this one though.
Cav.
Join Date: May 2000
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Well, we just raised air fares citing high oil prices.
Now, don't you think that is a perfect excuse to NOT give a huge profit share.
"Need to preserve capital. Build a war chest for the hard year ahead. The MENA protests is hurting the region's economy etc"
Every year these guys always get a "bonus" for what excuse to give.
Now, don't you think that is a perfect excuse to NOT give a huge profit share.
"Need to preserve capital. Build a war chest for the hard year ahead. The MENA protests is hurting the region's economy etc"
Every year these guys always get a "bonus" for what excuse to give.
Join Date: Jul 2001
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Just maybe the MENA issues are sending money to Dubai! Just perhaps we are selling more seats and hotel rooms to Arabs who otherwise would have visited the sphinx...now they can see a copy in Wafi!
We will get what they can get away with. Not a penny more.
We will get what they can get away with. Not a penny more.
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If you all feel that aggrieved and morally afronted by your 'fiddled' freebee, why not donate your paltry sum to Maria from the Dhaka project? She has been sponsoring 6 children for the last few years, now 8, here in Dubai. she is paying 50% of their costs while they stay in 'fostered homes' and are being educated here until they are 18. After that, they're on their own. If they don't make it, it's back to the slums to join the other millions below the poverty line.
It's nice to get a healthy dose of reality once in a while.
Harry
It's nice to get a healthy dose of reality once in a while.
Harry
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Hi Harry,
Seems you are a little disturbed about peoples's comments. I want to comment positively on some of your points. I don't want this to degenerate into the usual slanging matches that are so prevalent on pprune.
I know Maria. A nice lady. We have given money to her and have helped in other ways. Many, many EK staff (and their families) have also given genorously. I am sure Maria's orphans will benefit from any profit share....
I was VERY humbled to see the great work that she has done and to hear that "her" kids are progressing well.
EK has never acted in the spirit of any agreement with their staff. Let alone the nitty gritty. I think that you are one of the very few posters that tries to say this wasn't in the contract etc. (ie payrises, utilities, etc.) Please remember that there are many different contracts. I doubt you will find one percent of staff who believe they have been treated fairly by the company. Across grades and job titles. Except, of course, the VP's and above.
I want to be positive. I want to work. I am tired and feel cheated by EK. The "bonus" (if we get it) will only go some way to replacing what EK took from me when they raised the threshold.
I enjoy reading your posts and you do have some very valid points. I hope you will be gracious enough to accept the fact that other people do too.
Fly safely, mate
Seems you are a little disturbed about peoples's comments. I want to comment positively on some of your points. I don't want this to degenerate into the usual slanging matches that are so prevalent on pprune.
I know Maria. A nice lady. We have given money to her and have helped in other ways. Many, many EK staff (and their families) have also given genorously. I am sure Maria's orphans will benefit from any profit share....
I was VERY humbled to see the great work that she has done and to hear that "her" kids are progressing well.
EK has never acted in the spirit of any agreement with their staff. Let alone the nitty gritty. I think that you are one of the very few posters that tries to say this wasn't in the contract etc. (ie payrises, utilities, etc.) Please remember that there are many different contracts. I doubt you will find one percent of staff who believe they have been treated fairly by the company. Across grades and job titles. Except, of course, the VP's and above.
I want to be positive. I want to work. I am tired and feel cheated by EK. The "bonus" (if we get it) will only go some way to replacing what EK took from me when they raised the threshold.
I enjoy reading your posts and you do have some very valid points. I hope you will be gracious enough to accept the fact that other people do too.
Fly safely, mate
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777boyindubai
Thanks for your measured reply. I agree with everything you've said. My apologies, therefore, for my rather less than subtle post.
I know that the Company can announce any figure they like and we have little choice in the matter. It pisses off anyone with even a modicum of intelligence that we don't like lies and spin. That's why the feeling of resentment was, and is so high, over the shift in overtime thresholds. And of course I value other peoples viewpoints. It would be a dull World otherwise, right. I just felt that after reading that last post, here we are already complaining about something which hasn't even been announced yet. Wait till they announce it and then see where we stand.
Harry
Thanks for your measured reply. I agree with everything you've said. My apologies, therefore, for my rather less than subtle post.
I know that the Company can announce any figure they like and we have little choice in the matter. It pisses off anyone with even a modicum of intelligence that we don't like lies and spin. That's why the feeling of resentment was, and is so high, over the shift in overtime thresholds. And of course I value other peoples viewpoints. It would be a dull World otherwise, right. I just felt that after reading that last post, here we are already complaining about something which hasn't even been announced yet. Wait till they announce it and then see where we stand.
Harry
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Might I add, that the reason people bitch about things that have not already happened, is because this company has consistently disappointed its employees. So one might conclude, that those who bitch about something that is inevitable... are in fact more intelligent than others.
Gets coat........
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Minimum 8 weeks is compensation
If you consider the change of the overtime from 83 to 92 it means 9 hours a month free. If you work 900 hours and we all do... It means about 10 months at 90 hours a month ( approx 2 months vacations ) This is just a round figure. So about 7 hours of overtime lost. If you are in the LH seat it means 7 x 10 x 600 DHS = 42000 DHS. So please realize that when you will subtract this amount to the possible bonus you get what the real bonus is. Just food for though. Don't kid yourself too much with the bonus. If you consider what some FOs will loose in the long run with the fact that they have lost 3 steps already, the bonus is almost ridiculous. Food for though again. I'll take whatever bonus they give me, but stay realistic about it.
Keep discovering!
22 weeks and 20% pay raise would put us back close to what we have lost in the last couple years. Don't be fooled. Less money more work ahead.
Keep discovering!
22 weeks and 20% pay raise would put us back close to what we have lost in the last couple years. Don't be fooled. Less money more work ahead.
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Emirates drops plans for bond after unrest
Author: Posted by BI-ME staff
Source: BI-ME with Reuters
Published: Thu March 10, 2011 3:16 am
UAE. Emirates, one of the Arab world's largest airline, has dropped plans for a bond to finance expansion after the uprisings in North Africa made rates more expensive, its president said.
"We tested the water and it was pretty muddy," Tim Clark told Reuters in an interview on Wednesday at the ITB travel fair in Berlin. "So, we've parked it."
The group had mandated banks for a bond issue, IFR markets, a unit of Thomson Reuters, reported last month, and it was seen likely to attract strong demand.
Clark said that the group, the largest customer for the Airbus A380 superjumbo, had no problems financing its expansion, however, and that "cash flows had been mapped".
Emirates has so far ordered 90 A380s -- with a list price of about US$375 million each -- and has 15 in its fleet already.
Dubai government-owned Emirates, among the fastest-growing carriers in the world, plans to increase its fleet to eventually include 120 Airbus A380s. It is due to receive five of the planes this year.
Emirates earlier this month raised its fares due to higher oil prices and Clark confirmed Emirates was being adversely affected.
"Fuel hits you straight away, so that has adversely affected us. We don't lose money, but we're not making so much," he said.
Clark said load factors -- how full its planes are -- were coming back up after being reduced by uprisings in Tunisia and Egypt.
"We were down 6-7 percentage points at about 74%, but now we're back at 80%," he said.
He said that its load factor was usually in the low 80s at this time of year.
Clark said the current fiscal year, which ends on March 31, would be strong, however.
Author: Posted by BI-ME staff
Source: BI-ME with Reuters
Published: Thu March 10, 2011 3:16 am
UAE. Emirates, one of the Arab world's largest airline, has dropped plans for a bond to finance expansion after the uprisings in North Africa made rates more expensive, its president said.
"We tested the water and it was pretty muddy," Tim Clark told Reuters in an interview on Wednesday at the ITB travel fair in Berlin. "So, we've parked it."
The group had mandated banks for a bond issue, IFR markets, a unit of Thomson Reuters, reported last month, and it was seen likely to attract strong demand.
Clark said that the group, the largest customer for the Airbus A380 superjumbo, had no problems financing its expansion, however, and that "cash flows had been mapped".
Emirates has so far ordered 90 A380s -- with a list price of about US$375 million each -- and has 15 in its fleet already.
Dubai government-owned Emirates, among the fastest-growing carriers in the world, plans to increase its fleet to eventually include 120 Airbus A380s. It is due to receive five of the planes this year.
Emirates earlier this month raised its fares due to higher oil prices and Clark confirmed Emirates was being adversely affected.
"Fuel hits you straight away, so that has adversely affected us. We don't lose money, but we're not making so much," he said.
Clark said load factors -- how full its planes are -- were coming back up after being reduced by uprisings in Tunisia and Egypt.
"We were down 6-7 percentage points at about 74%, but now we're back at 80%," he said.
He said that its load factor was usually in the low 80s at this time of year.
Clark said the current fiscal year, which ends on March 31, would be strong, however.
Join Date: Jul 2000
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"Fuel hits you straight away, so that has adversely affected us. We don't lose money, but we're not making so much," he said.
Clark said load factors -- how full its planes are -- were coming back up after being reduced by uprisings in Tunisia and Egypt.
Clark said load factors -- how full its planes are -- were coming back up after being reduced by uprisings in Tunisia and Egypt.
