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And the EK Profit Share is... and Emirates Profits Merged

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And the EK Profit Share is... and Emirates Profits Merged

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Old 10th May 2011, 09:40
  #41 (permalink)  
 
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May salary
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Old 10th May 2011, 09:42
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That's good news, thought it might drift into June
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Old 10th May 2011, 09:48
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12 weeks? Not that big a surprise.

Bond paid back, tougher oil prices and there you have decreased profit for the second 1/2 compared to the first. No conspiracy theory.

I accept 12 weeks with a quiet nod of the head.
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Old 10th May 2011, 09:52
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Wiz,

Got any money invested in shares?
When have they ever sold shares to invest in? They haven't.

Do you take part in the day to day running of those companies?
If sitting in the pointy end and operating the aircraft in the safest and most efficient manner can be considered as day to day operations, then yes.

If they make a profit, do you expect a dividend?
Absolutely

12 weeks? I'll take it because we earned it, but I'm not going to prostrate myself in humble gratitude.
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Old 10th May 2011, 09:54
  #45 (permalink)  
 
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EK Audited Accounts

12 weeks not bad, however two points from reading through the annual report.

Salaries and short term payments to senior management for the financial year increased by 60 million dirhams and average productivity of staff increased by over 19%. That would mean that the productivity of flight crew would be higher than that figure I would suspect.

Off for another read to see what other gems are in the report.

Keep discovering
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Old 10th May 2011, 10:05
  #46 (permalink)  
 
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thank god I was wrong with my 5 weeks guess
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Old 10th May 2011, 10:06
  #47 (permalink)  
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well I said 2 weeks.......
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Old 10th May 2011, 10:10
  #48 (permalink)  
 
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when does the salary review come out?
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Old 10th May 2011, 10:13
  #49 (permalink)  
 
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At this stage I am more interested in the salary increase, the only thing that really matters, long term...
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Old 10th May 2011, 10:31
  #50 (permalink)  
 
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Way to miss the point, Mos.

My comment was because you seemed PO'd that they paid the Dubai Government (aka the owners of the company) a dividend.

Mid range for my expectaions. I thought it should be a leat 10, was kinda hoping for 18, but it'll do.
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Old 10th May 2011, 10:40
  #51 (permalink)  
 
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Fack, this point raises its head every year mate, and every year it has to be explained.

So here goes (again!):

Take your Monthly Basic salary and multiply that by 12 to get your yearly salary (with me so far?), then divide that by 52 (number of weeks in a year) to get your WEEKLY salary, then multiply that by the profit share (12).

Hey presto the result is the amount of bonus!
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Old 10th May 2011, 10:44
  #52 (permalink)  
 
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well done... well deserved
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Old 10th May 2011, 11:09
  #53 (permalink)  
 
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All you happy clappers can keep on happy clapping. 12 weeks salary is still less than what has been stolen over the past year.
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Old 10th May 2011, 11:25
  #54 (permalink)  
 
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Don't waste your energy on clapping....12 is not bad but I comes with a slight bitter taste. What is worse : X-out next year's profit target: 5.8 Billion D.
There is absolutaly no way we will beat this the same way we beat this years target. Next year: zero.

Now even more, I wanna know what our salary increase will be. And also if they have finally adjusted the education allowance in line with the bubbling School inflation here in Dubai.
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Old 10th May 2011, 11:37
  #55 (permalink)  
 
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Hucker

REALLY? Emirates stole the equivalent of 23% of your salary in the last 12 months. **** a brick man, tell us how!
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Old 10th May 2011, 12:24
  #56 (permalink)  
 
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I think thats slightly more than we are due?
I heard the calculation is: basic x 12, then divided by 365 to get basic per day. Then multipy by 5 x 12 (5 days in a week x 12 weeks). I believe over here 5 days is counted as a week. Hey I hope your calculation is the correct one though!
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Old 10th May 2011, 12:28
  #57 (permalink)  
 
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Harry,

Every-Single-Year somone pulls that one out, and has to be corrected.

No. Basic times 12 divded by 52 is 1 weeks pay.

Does anyone have a hint as to when the Pay review is likely yo be announced?
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Old 10th May 2011, 12:31
  #58 (permalink)  
 
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Thanks! Thats a big difference for a newbie!
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Old 10th May 2011, 12:44
  #59 (permalink)  
 
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Firstly I think 12 weeks is a pretty good result for us considering the middle east uprisings and the price of fuel
The pay review will follow within the next 10 days probably to effective 1st of June.
There are so many sad muppets on this forum who are never happy, already we have posts saying that next years profit share will be zero blah blah blah its quite frankly pathetic and makes us as a whole look like a bunch of complete morons.
I'm off to the pub the Westin will be a happy place tonight
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Old 10th May 2011, 12:56
  #60 (permalink)  
 
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I am guessing pay review will be out Thursday Arvo.
The Don
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