EK profit(share) 2016
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There have been quite a few folks who resigned in the last ten days or so with an eye on being eligible for profit share if there is any. That will work if the company continues in their kindness of paying it out in May (as they always have) when the rules actually state the share is paid out in June. Those folks won't see the cash if the rule is strictly applied.
Any bets that this is the first year in history when the rule is strictly applied?
Any bets that this is the first year in history when the rule is strictly applied?
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"Think they've got themselves into another tangle!
EK generally do pay rises for everyone i.e. not for a specific group so if they up flight crew pay they'll have to do it for everyone, but they don't necessarily want to increase everyones pay!
They could increase flying pay but that doesn't help as we want to fly less. Increasing flying pay doesn't really help the package much as only an increase in basic pay affects company provident fund payments.
So how do they increase our package financially without annoying everyone else!".
Seriously do you think they give a rat's a** what everyone thinks? The bottom line is there are thousands, if not millions of people out there that could qualify to be a gate agent, cabin crew etc etc but a very limited pool worldwide of pilots that are qualified. Their only hope now is to SIGNIFICANTLY increase the package for new AND EXISTING pilots- as there are better options out there right now. They have no obligation to do the same for everyone else. When a company recruits a CEO, they have to find the person with the years of experience and qualifications that are fully capable to handle the job ; they have to pay the right cash to attract and retain them. They do not have to do this with their admin and support staff as they are a dime a dozen. Their admin staff does not get a raise every time the CEO has a pay rise.
Experienced pilots are a commodity, most of the other staff , while they may be amazing at their job, are not coming with a highly specialized background,and can be easily replaced. If the pay is high enough, people will come here, numbers will go up and we can all get some rest. Just even a little. Otherwise, it's going to be a non stop exodus. Personally , I don't give a sh*t about the "bonus"- it is just a way to shut everyone up for a while- what we need is a very big pay increase, and more pilots (so again, a very big pay rise).
EK generally do pay rises for everyone i.e. not for a specific group so if they up flight crew pay they'll have to do it for everyone, but they don't necessarily want to increase everyones pay!
They could increase flying pay but that doesn't help as we want to fly less. Increasing flying pay doesn't really help the package much as only an increase in basic pay affects company provident fund payments.
So how do they increase our package financially without annoying everyone else!".
Seriously do you think they give a rat's a** what everyone thinks? The bottom line is there are thousands, if not millions of people out there that could qualify to be a gate agent, cabin crew etc etc but a very limited pool worldwide of pilots that are qualified. Their only hope now is to SIGNIFICANTLY increase the package for new AND EXISTING pilots- as there are better options out there right now. They have no obligation to do the same for everyone else. When a company recruits a CEO, they have to find the person with the years of experience and qualifications that are fully capable to handle the job ; they have to pay the right cash to attract and retain them. They do not have to do this with their admin and support staff as they are a dime a dozen. Their admin staff does not get a raise every time the CEO has a pay rise.
Experienced pilots are a commodity, most of the other staff , while they may be amazing at their job, are not coming with a highly specialized background,and can be easily replaced. If the pay is high enough, people will come here, numbers will go up and we can all get some rest. Just even a little. Otherwise, it's going to be a non stop exodus. Personally , I don't give a sh*t about the "bonus"- it is just a way to shut everyone up for a while- what we need is a very big pay increase, and more pilots (so again, a very big pay rise).
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Seaman, I have no doubt they are in another tangle. They rarely aren't. However, they are very much set up for giving pilots a pay rise without having to reward the rest of the company (or vice-versa if they feel so inclined). That is why we have "FD" job grades instead of the standard "EK" grades in the rest of the company. In a rare piece of foresight, no repeated since, the realised long ago that pilots may need to be rewarded separately.
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Emirates considers Houston A380 downgrade as oil slump hits business, but profits to rise | The National
Sir TC: "[He] said the carrier expected to report “significantly higher" profit this fiscal year."
Sir TC: "[He] said the carrier expected to report “significantly higher" profit this fiscal year."
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And the Houston flight has never had much load anyway, so no surprise there.
I am all on board for the pay raise, and it needs to be significant. A bonus would be great as well.
Cathay showed passenger traffic up 6-7% from last year, but profits were up 90% on fuel cost savings. (per the news I read this morning)
I am all on board for the pay raise, and it needs to be significant. A bonus would be great as well.
Cathay showed passenger traffic up 6-7% from last year, but profits were up 90% on fuel cost savings. (per the news I read this morning)
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Don't know about CX profit but closer to home....
Flydubai annual profit drops 60% to Dh100.7 million in 2015 | The National
Flydubai annual profit drops 60% to Dh100.7 million in 2015 | The National
Join Date: Apr 2005
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Increase in overtime pay is the solution...
As mentioned so many times before, the basic salary is not the main issue. Yes, a pay rise is long overdue, especially since we haven't had a correction in line with inflation in DXB for years now. But the main issue is QOL: there's only a few people who like to earn the big bucks if they don't have the time to enjoy it, being constantly tired and looking at no family life etc. etc. You get the picture.
So I hear a lot of people say that we need to reduce the overtime threshold, get paid for ground duties, reserve, credit for annual leave... I'm all for that, but it won't accomplish a single thing without the real deal breaker: a SERIOUS increase in overtime payment.
Why?
Lets consider a 10 year seniority captain. Without having access to the exact numbers... (ballpark figures will do since these numbers are good enough to get the idea - if someone has time on their hands for a detailed 'study': feel free! )
Basic pay, flying pay, housing, medical, training, schooling, A fund, ... is easily above 88000 Dhs per month.
So that basically means that 1 hour at work costs the company AT LEAST 1000 DHS.
Now, our overtime is 600 Dhs/hr.
So basically, every hour of overtime you work, you are saving the company at least 400 DHS compared to what you would have if you were working max 88 hours. If they would have to hire a new captain to cover that work, it would cost them a lot more!
It is clear that the company is SAVING money by working us overtime, so they have absolutely no incentive hiring more pilots, as long as they have enough to cover the flight whilst remaining legal to fly.
The only way our lives will get back to sort of normal is by an increase in overtime payments to at least 1500 Dhs/hr region. As long as we don't achieve that, the company is making money by working us in overtime, and any reduction in threshold or whatever they do is just a small pay rise, but has nothing to do with actually taking down the monthly hours.
Conclusion: The only way the company can prove they are willing to increase our QOL is by dramatically increasing the overtime pay.
So I hear a lot of people say that we need to reduce the overtime threshold, get paid for ground duties, reserve, credit for annual leave... I'm all for that, but it won't accomplish a single thing without the real deal breaker: a SERIOUS increase in overtime payment.
Why?
Lets consider a 10 year seniority captain. Without having access to the exact numbers... (ballpark figures will do since these numbers are good enough to get the idea - if someone has time on their hands for a detailed 'study': feel free! )
Basic pay, flying pay, housing, medical, training, schooling, A fund, ... is easily above 88000 Dhs per month.
So that basically means that 1 hour at work costs the company AT LEAST 1000 DHS.
Now, our overtime is 600 Dhs/hr.
So basically, every hour of overtime you work, you are saving the company at least 400 DHS compared to what you would have if you were working max 88 hours. If they would have to hire a new captain to cover that work, it would cost them a lot more!
It is clear that the company is SAVING money by working us overtime, so they have absolutely no incentive hiring more pilots, as long as they have enough to cover the flight whilst remaining legal to fly.
The only way our lives will get back to sort of normal is by an increase in overtime payments to at least 1500 Dhs/hr region. As long as we don't achieve that, the company is making money by working us in overtime, and any reduction in threshold or whatever they do is just a small pay rise, but has nothing to do with actually taking down the monthly hours.
Conclusion: The only way the company can prove they are willing to increase our QOL is by dramatically increasing the overtime pay.
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Problem is they don't care about your QOL, you are here to work plain and simple . Why ? Greed! They will pay the absolute min to keep the operation going. Key point " keep the operation going" . They will only increase TCs to accomplish that one goal. Sinking ship, look out for a mass scramble . China , in the short term, will not be short of applications.
We still have people volunteering to work on days off. They won't change a thing.
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I know of a Capt that didn't allow the FO controlled rest because the FO was working in a day off and had volunteered.
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I hope that is just an apocryphal tale - deliberately causing fatigue to an operating pilot because you disagree with a political issue is a flagrant breach of safety, let alone decency. If true, that Captain should lose his licence. Whatever one may feel about people doing favours, there is a line that should not be crossed.
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How do you know he wasn't rested properly? Whoops I had controlled rest twice last week, so did the the bloke next to me. And the time before that and that and so on. I must have crossed the line many times then. Anyway, back to profit share...
