The Announcement May 9th
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To add insult to injury: Headline in the National Newspaper Business Section,
today, May 10, 2013.
[B]EMIRATES AIRLINE HITS NEW HEIGHTS WITH PROFIT![B]
"Emirates lifted profits by 52% as the worlds #1 carrier by International traffic, carried more than 39 million pax across its fast expanding route network.
Emirates Group recorded a Dh3.1 billion net profit, up 34% from last year, on revenue of Dh77.5 billion, an increase of 17% over last years results!
All this and NO BONUS!
You know what this means?
I'm using the little bottles of OLIVE OIL AND THE BALSAMIC VINEGAR dressing!!
May even take a couple off! I'm having the shellfish, maybe even some caviar!!
Enjoy!
today, May 10, 2013.
[B]EMIRATES AIRLINE HITS NEW HEIGHTS WITH PROFIT![B]
"Emirates lifted profits by 52% as the worlds #1 carrier by International traffic, carried more than 39 million pax across its fast expanding route network.
Emirates Group recorded a Dh3.1 billion net profit, up 34% from last year, on revenue of Dh77.5 billion, an increase of 17% over last years results!
All this and NO BONUS!
You know what this means?
I'm using the little bottles of OLIVE OIL AND THE BALSAMIC VINEGAR dressing!!
May even take a couple off! I'm having the shellfish, maybe even some caviar!!
Enjoy!
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As Willie Nelson sang,
"Turn out the lights the party's over
they say that all good things must end
Let's call it a night the party's over and tomorrow starts the same old thing again"
Yes boys, the party (good will) is over. Stating the obvious, IMHO, this zero P.S. will affect the ground staff more than us. So let's try to give them some slack.
Wear those ID lanyards that say FLY EMIRATES with pride. But feel very good that once again YOU have managed, through your hard work and sacrifice, to allow your manager to receive his well deserved bonus, whether a new Range Rover or actual cash. That in itself should make you feel much better about your P.S.
"Turn out the lights the party's over
they say that all good things must end
Let's call it a night the party's over and tomorrow starts the same old thing again"
Yes boys, the party (good will) is over. Stating the obvious, IMHO, this zero P.S. will affect the ground staff more than us. So let's try to give them some slack.
Wear those ID lanyards that say FLY EMIRATES with pride. But feel very good that once again YOU have managed, through your hard work and sacrifice, to allow your manager to receive his well deserved bonus, whether a new Range Rover or actual cash. That in itself should make you feel much better about your P.S.
Last edited by Panther 88; 10th May 2013 at 14:11.
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Instead of moaning on here why don't you reply to the email from HH Sheikh and tell him what you think.
I agree with everything that is being said and think it's disgraceful that profit over the last 2 years of AED 5.4b leads to Zero bonus, but posting on pprune is a waste of breath and we all know it.
I agree with everything that is being said and think it's disgraceful that profit over the last 2 years of AED 5.4b leads to Zero bonus, but posting on pprune is a waste of breath and we all know it.
Last edited by Spikedog; 10th May 2013 at 15:03.
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EK paid back 1 billion dhs out of our profit share. Our profit was only 3.1 billion dhs so our illustrious leaders gave our landlords over 33% of our profits. What other company in the world pays this kind of dividend rate?
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What about me
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Spikedog -
I don't believe that ex-XL works for FZ any more?!... but I, however, do still work there (on the 'A' scale) and last year I looked at applying as a DEC at EK and found that I couldn't afford the pay cut that I'd take in the LHS at EK (and I did v.carefully do the math!)... so go figure that one about 'low-cost' ?!
If you work for a low cost you get paid low cost. Everyone knows that, so don't moan.
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Piss and wind
All the talk of goodwill being gone is a load of bollocks. People will still go the extra mile. Why? Because of this:
The small number of you talking on this forum demonstrate the complete lack of interest that most of your colleagues unfortunately show.
If anyone realistically thinks anything will change, you are bonkers. Your directors will be happy to replace you with other lunatics.
Equally, to expect a profit share, bonus or even a congratulatory back slap is utter folly.
You work for a corporation in the Middle East. I wouldn't trust them to necessarily even honour my basic pay if it didn't suit them to.
Go figure.
The small number of you talking on this forum demonstrate the complete lack of interest that most of your colleagues unfortunately show.
If anyone realistically thinks anything will change, you are bonkers. Your directors will be happy to replace you with other lunatics.
Equally, to expect a profit share, bonus or even a congratulatory back slap is utter folly.
You work for a corporation in the Middle East. I wouldn't trust them to necessarily even honour my basic pay if it didn't suit them to.
Go figure.
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Hey Narrow (Minded)
I can tell you that I for one will not be busting my gut anymore to get the on time performance statistic when it doesn't benefit me in any way shape or form. If I told you I might of had the letter for being a good boy before then that would be telling and you wouldn't believe me anyway (if I did?).
2 engine taxi, if it doesn't make life easier and is a hazard to my "safe" operation then why should I bother? STATCON, well as it says, thats just a CON anyway and I think that should be name changed to STATAVERAGEPILOT CONTROLS FOB.
ALT flight = drink the bar dry and well I feel like a kid but there are ways to get 10 + weeks of salary spent in no time "IF" you aren't being proactive at being a company man and helping pay the DXB 110 Billion debt off.
You are dealt your hand here, you play the cards your way to your own advantage!
You have your choices as they say, put up with the current greed, leave or make your own life much more relaxed and comfortable (I mean safe) at work.
Edit> with all the runway closures etc factored over the next couple of years budgets, expect NADA. NADA is the new norm! The lies of fuel pains and yet such continued growth in record profits does NOTHING to give me anything but disgust at the way the company thinks it can pull the wool over the employees eyes. You cannot do anything but unite in doing your part to create a "very" safe airline here at EK!
2 engine taxi, if it doesn't make life easier and is a hazard to my "safe" operation then why should I bother? STATCON, well as it says, thats just a CON anyway and I think that should be name changed to STATAVERAGEPILOT CONTROLS FOB.
ALT flight = drink the bar dry and well I feel like a kid but there are ways to get 10 + weeks of salary spent in no time "IF" you aren't being proactive at being a company man and helping pay the DXB 110 Billion debt off.
You are dealt your hand here, you play the cards your way to your own advantage!
You have your choices as they say, put up with the current greed, leave or make your own life much more relaxed and comfortable (I mean safe) at work.
Edit> with all the runway closures etc factored over the next couple of years budgets, expect NADA. NADA is the new norm! The lies of fuel pains and yet such continued growth in record profits does NOTHING to give me anything but disgust at the way the company thinks it can pull the wool over the employees eyes. You cannot do anything but unite in doing your part to create a "very" safe airline here at EK!
Last edited by jack schidt; 10th May 2013 at 16:59.
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I wonder what the soft c0cks like Craggenmore and Wiz think of the screw job we just received from the company. Their silence thinks even they don't mind what just happened.
I wish I could meet them because if I take or steal $12,000 to $15,000 from them they won't mind a bit and won't call the police.
I wish I could meet them because if I take or steal $12,000 to $15,000 from them they won't mind a bit and won't call the police.
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Jack and Outlaw
The simple reality is that the management don't give a sh1t.
They think they can get away with not rewarding you and are prepared to take their chances in that gamble.
They think you are replaceable and aren't really bothered currently, as there are few decent places to go to, even if you did resign in mass numbers.
The management are totally confident that the places you COULD leave EK for are in fact worse than EK itself. Therefore, people may piss and moan, but they won't leave in large numbers.
As for single engine taxi, low drag approaches and extra fuel. In time, acceptance of fate will set in and the norm (management demands) will be adhered to. Not many pilots have the appetite, or backbone, to become a ME management target. And we are, generally, a pretty mild mannered bunch.
Therefore, nothing will change drastically I feel.
I wish you would all get a MASSIVE bonus. That would perhaps wake up other management to do the same, as it would indicate a staff shortage in reality.
However, I've just been to the home of "Flexicrew" for an LPC this week. CTC it is called.
I can tell you that they have a veritable sausage factory of capable, willing and able cadets coming through the machine. These kids are literally queuing up to get in the RHS of an Airbus with no permanent contract for easyJet. And that's after getting into £100,000 of debt to do so.
Imagine what they'd do to get in an A330/340 or 380. And do not even tell them you've got B777's.........
They think they can get away with not rewarding you and are prepared to take their chances in that gamble.
They think you are replaceable and aren't really bothered currently, as there are few decent places to go to, even if you did resign in mass numbers.
The management are totally confident that the places you COULD leave EK for are in fact worse than EK itself. Therefore, people may piss and moan, but they won't leave in large numbers.
As for single engine taxi, low drag approaches and extra fuel. In time, acceptance of fate will set in and the norm (management demands) will be adhered to. Not many pilots have the appetite, or backbone, to become a ME management target. And we are, generally, a pretty mild mannered bunch.
Therefore, nothing will change drastically I feel.
I wish you would all get a MASSIVE bonus. That would perhaps wake up other management to do the same, as it would indicate a staff shortage in reality.
However, I've just been to the home of "Flexicrew" for an LPC this week. CTC it is called.
I can tell you that they have a veritable sausage factory of capable, willing and able cadets coming through the machine. These kids are literally queuing up to get in the RHS of an Airbus with no permanent contract for easyJet. And that's after getting into £100,000 of debt to do so.
Imagine what they'd do to get in an A330/340 or 380. And do not even tell them you've got B777's.........
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Narrow
You may be right, time will tell.
But I believe this one is palpably different. Can't put my finger on it yet...need time to digest.
There is just a different sense of injustice that has been perpetuated this week.
The talk now is almost a calm sense of indifference ... Inner voice that is saying for every action there is a reaction. It has has reached higher level this time, no question.
Worked out with a true company man today - TRE - he had finally 'switched' for lack of a better term.
We shall see but a rot has started to settle in...never a good thing for any company.
Permeated multiple levels now....
No more of the 'esprit de corps' to get it done...of that I am sure.
Not our doing BTW...reap what you sow.
f.
You may be right, time will tell.
But I believe this one is palpably different. Can't put my finger on it yet...need time to digest.
There is just a different sense of injustice that has been perpetuated this week.
The talk now is almost a calm sense of indifference ... Inner voice that is saying for every action there is a reaction. It has has reached higher level this time, no question.
Worked out with a true company man today - TRE - he had finally 'switched' for lack of a better term.
We shall see but a rot has started to settle in...never a good thing for any company.
Permeated multiple levels now....
No more of the 'esprit de corps' to get it done...of that I am sure.
Not our doing BTW...reap what you sow.
f.
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Appalling!
What bugs me most, is the fact that they don’t mind telling blatant bulls#it (second h/y only 1 billion) and they don’t even bother losing face when FZ and EY give p/s and the superiour company does not. That shows that they hold us in such low respect, that they couldn’t care less about anything like a face, because they stopped looking into ours, it got too low on their perception radar, we’re enclosed in their maids room, out of sight of their life.
There are very few weapons to counter. Write to HH? Come on, the letter doesn’t get passed his sub-sub-sub secretary. Gear-down at 20 miles, no more s/e taxi? With the ridiculous amount of “protect the hub fuel” we’re carrying this does not even show on statistics.
The only thing that makes it to the higher levels is our OTP and ops disruptions, especially with the upcoming rwy closures. I guess with strict adherence to sop, this is achievable and not punishable …… Let’s better be safe than sorry (absolutely no discretion!), let’s be the ultimate and extremely good EKSOP operators (any little doubt? -> g/a) and by this send a message.
All we need to invest is a bit of our time, but at least that is still paid!!
Goodwill and the extra mile are still ours to grant!
What bugs me most, is the fact that they don’t mind telling blatant bulls#it (second h/y only 1 billion) and they don’t even bother losing face when FZ and EY give p/s and the superiour company does not. That shows that they hold us in such low respect, that they couldn’t care less about anything like a face, because they stopped looking into ours, it got too low on their perception radar, we’re enclosed in their maids room, out of sight of their life.
There are very few weapons to counter. Write to HH? Come on, the letter doesn’t get passed his sub-sub-sub secretary. Gear-down at 20 miles, no more s/e taxi? With the ridiculous amount of “protect the hub fuel” we’re carrying this does not even show on statistics.
The only thing that makes it to the higher levels is our OTP and ops disruptions, especially with the upcoming rwy closures. I guess with strict adherence to sop, this is achievable and not punishable …… Let’s better be safe than sorry (absolutely no discretion!), let’s be the ultimate and extremely good EKSOP operators (any little doubt? -> g/a) and by this send a message.
All we need to invest is a bit of our time, but at least that is still paid!!
Goodwill and the extra mile are still ours to grant!
Last edited by glofish; 10th May 2013 at 23:24.
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Next question will be the pay review. I am dead certain that they will realize the error of their ways and make this right during that process.....wait I'm sorry, just woke up. But in reality, isn't that the next shoe to fall? Won' be able to explain that away with a flick of the hand. And yes, even the "koolaid" drinkers are miffed.
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Yarra- I think we all know that. But this year is different.
We made 2.1 BN in the first 6 months.
The second 6 months is traditionally better performing.
We allegedly made 1bn in the the ensuring 6 months.
No accidents, no wars, no volcanic ash, stable fuel prices, and by their own admission 80% load factors.
so how come over 50% less in the second 6 months. Something stinks, something doesn't add up. That is the issue. Just who is responsible for that?
...
Key ratios 2012-13 2011-12 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04
Operating margin 3.9 2.9 10.0 8.2 5.3 11.5 11.4 11.7 14.6 13.3
Profit margin 3.1 2.4 9.9 8.1 1.6 12.9 10.6 10.9 13.4 12.0
The last 2 years have seen operating and profit margin much lower than historically.
What has our highly touted new yield guru done to address this. Since his background, I believe, is legacy (LH) is he applying legacy airline strategies here? In which case will we see our first loss before long?
If so, will he be accountable?
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There will be no more big bonuses, if at all... The company are in a far different position to what it has been in the past...competition....seats sold versus yield...aircraft to pay for...
Plus...lack of efficient work practices/bloated staff numbers and a continuation of them instead of seeking alternative methods are just SOME of the legacies that exist from the days of consolidating the establishment of the airline expansion and it's subsidiaries
For mine the bonus system is flawed as well. The same ratio of any profit share is paid to all and does not discern from those who put in extra or conversely those who are the samsonites when on duty.
Y
Plus...lack of efficient work practices/bloated staff numbers and a continuation of them instead of seeking alternative methods are just SOME of the legacies that exist from the days of consolidating the establishment of the airline expansion and it's subsidiaries
For mine the bonus system is flawed as well. The same ratio of any profit share is paid to all and does not discern from those who put in extra or conversely those who are the samsonites when on duty.
Y