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The Announcement May 9th

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The Announcement May 9th

Old 13th May 2013, 14:51
  #181 (permalink)  
Join Date: Mar 2004
Location: UK
Posts: 165
3 accountants were interviewing for a well paid corporate position. They were each presented with a complex Balance Sheet problem. The CFO wanted them to decide if the example presented was an asset or a liability.

The first pondered and replied: "An Asset"

The second replied: "A Liability - definitely"

The third answered: "What do you want it to be?" - He got the job.
disconnected is offline  
Old 13th May 2013, 16:36
  #182 (permalink)  
Join Date: May 2006
Location: Hotels
Posts: 189
This is poor performance indeed. With a trading profit margin of only 4%, whereas it should be 7 to 8% to (self) sustain such a growth, there is not much meat on the bone... There will be a lot of (expensive) external fund raising needed to keep the ship floating.

In the real world the management would have a hard time to explain such a performance.
If you take out the Cargo Terminal, Formula One , PSG, 1 Billion to government etc, the Trading Profit Margin is actually pretty close to 7% which is not bad even with abysmal yield management. (I bet those responsible for that don't get the bullet!)

Let's face it had we closed the book, paid the profit share and then given the owner the dividend it would have been win/win for all. Unless of course it is in someone else's interests not to do so!
ekwhistleblower is offline  
Old 13th May 2013, 17:13
  #183 (permalink)  
Join Date: Nov 2000
Location: The Pilot Grinder
Posts: 362
You forgot the added cash to the reserve fund......
CAYNINE is offline  
Old 13th May 2013, 18:56
  #184 (permalink)  
Join Date: Mar 2005
Location: terra softa
Posts: 111
Hey, MC - what's Damian Hill's claim to fame? Should we know him?
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Old 14th May 2013, 08:15
  #185 (permalink)  
Join Date: Jul 2002
Location: UK
Posts: 846
Was world F1 Champion once and would have had it a second time if Schumacher had not shunted him off the track on purpose. Son of Graham Hill F1 Champion a few times.

A bit of thread creep but reference to Super WK's mention as to all the EK signage at the Spanish GP which clearly costs them loads perhaps affecting your bonus? How much does EK spend on sponsorships I wonder as one only has to turn on the TV at any sporting event and Emirates loom large everywhere.

Last edited by millerscourt; 14th May 2013 at 08:19.
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Old 14th May 2013, 08:36
  #186 (permalink)  
Join Date: May 2013
Location: Dubai
Posts: 4
His name is Damon.
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Old 14th May 2013, 09:36
  #187 (permalink)  
Join Date: Apr 2003
Location: Near the sun
Posts: 872
That would Damon Hill then...
AMEX is offline  
Old 14th May 2013, 09:46
  #188 (permalink)  
Join Date: Jul 2002
Location: UK
Posts: 846
AMEX Ooops you are right, corrected post.
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Old 15th May 2013, 19:39
  #189 (permalink)  
Join Date: Mar 2005
Location: Dubai
Posts: 56
Unmitigated drivel indeed, the phrase 'Spoiled Children' springs to mind!

No one owes you anything, and the sooner we all learn that the better. EK will do what they want and if that means no profit share, then they will do just that. It seems that the idea of 'If you don't like it, leave' is still on the tips of the manager's forked tongues.
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Old 16th May 2013, 07:28
  #190 (permalink)  
Join Date: Jun 2006
Location: Dubai
Age: 50
Posts: 329
Actually EK pilot the company does owes us. Big Time!
As you should be aware once the company reaches target which they achieved in Dec the employees get two weeks pay. We did not get that.
In addition to that the employees get 25% of the profits above the target. We did not get that either.
The company made about 4.2 Billion dhs in profit. They choose to give away OVER a billion dhs. That money was a quarter of what was ours not theirs. We were robbed and we have to make the company pay or they will continue to steal from us year after year.
Now I know no one is going to resign in mass but by calling in sick more, doing Go-arounds (above 1000 ft agl) and not being a team player will send a message for sure. Maybe just maybe if the message is sent they won't steal from us again. Then we have to work on them not treating us like crap. Big task I know.
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Old 16th May 2013, 09:28
  #191 (permalink)  
Join Date: Dec 2002
Location: usa
Posts: 1,006
EK pilot...are you serious?

The Co. have decided to apply their profit share SOP to the letter of the law - no target, no bonus.

The letter said not even a "token" deviation from their SOP of bonus giving is acceptable as it is against company policy.

Do you have any clue what would happen if we, the safety people, applied the same strict adherence to SOPs as our leaders and mentors advocate?

-Full TOGA take off when possibility of w/shear exists ...well that just about covers all of Asia

-Gear & flaps at G/S alive

-APU on during after landing flow

-Single Eng taxi around the worlds busiest airports with a GE 90 - eh no.

-Extra fuel for enroute wx

-Discretion to extend FTL

...the list goes on.

I for one will not adjust the way I have always operated ... But that's just me. (& before you say anything you don't know whether I did the above before 5/9)

Cannot speak for the other 3500

After all it has come from the top...not even a token deviation from policy.

There are 50 shades of grey...the co are back & white.

fliion is offline  
Old 22nd May 2013, 19:37
  #192 (permalink)  
Join Date: Mar 2005
Location: Dubai
Posts: 56
No, you are wrong. The Co does not owe you. It makes the rules, we are hired personnel. They change the rules, we are still hired personnel. They can make up new rules and guess what? We are still and always will be just hired personnel. Don't like it? You know where the door is. There are thousands waiting to come in. Sorry to be the bearer of bad news, but that is how it is.

I guess you know the story of two buckets? If not then ask the senior guys. But no one leaves with a bucket full of money. I still like the job, but the country and corporate culture has changed dramatically since I joined. You can protest all you like and operate the aircraft how you like, but you will be noticed and flagged as a 'problem ' and despite your militant views, it will change nothing. You will always only be one of the hired personnel that helps makes billions for the government.
EK Pilot is offline  
Old 23rd May 2013, 09:53
  #193 (permalink)  
Join Date: Jun 2008
Location: Hong Kong
Posts: 288
Boys..welcome to the CX experience!! Sounds like you're going through the same phases as per 1992/2001. Sadly , the reality is..we are all on 3 month contracts and yes...the door is always ajar if we can't take the BS any longer. management will only get more distant and inevitably less transparent, meaning greater shafting with less vas!!...if you begin to apply rigid SOP or maximum safety standards..slow taxi, early GA, full config approaches at GS alive etc..it will eventually be flagged, tagged , bagged and asked..just like the CX 49 ers... Risky stuff and more so in the sand pit me thinks.....
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Old 24th May 2013, 06:29
  #194 (permalink)  
Join Date: Nov 2003
Location: Inmate of District 11
Posts: 442
Sponsorship Deal Signed

Emirates confirms PSG shirt sponsorship deal

posted: 22.05.2013
In a deal estimated to be worth €25 million per season, newly crowned French champions Paris St Germain (PSG) have officially extended their shirt sponsorship deal with Dubai airline Emirates for another five years until the end of the 2018/19 season.

Aviation Jobs - AviationMatch: Aviation News | Airline Information Emirates confirms PSG shirt sponsorship deal
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Old 24th May 2013, 07:25
  #195 (permalink)  
Join Date: Jun 2005
Location: middleast
Posts: 1,236
i like this one.
PSG belongs to Qatar and the main sponsor is Emirates.

Last edited by loc22550; 24th May 2013 at 07:28.
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Old 29th May 2013, 10:44
  #196 (permalink)  
Join Date: May 2008
Location: Bruxellae, Belgica
Age: 34
Posts: 21
Maybe the profit shares went there too...

Emirates A380 takes to the Sky at Roland Garros | Emirates Côte d'Ivoire
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Old 29th May 2013, 12:30
  #197 (permalink)  
Join Date: Jun 2002
Location: UAE
Posts: 662
The advertising/promotion teams seem to be working overtime?

Dubai?s Emirates set for $160m Real Madrid shirt deal - Sport - ArabianBusiness.com
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