Middle East Many expats still flying in Knoteetingham. Regional issues can be discussed here.

EK Bonus

Old 13th Apr 2016, 16:17
  #21 (permalink)  
 
Join Date: Feb 2016
Location: Austria
Posts: 350
Panther 88:

totally agree.
Guys going the extra mile is history, we get nothing or just some breadcrumbs.
A change in culture would be a small start but not happening.
Just adjust your behaviour accordingly.
They have stolen more money from us as they can ever repay with a rediculous profit share.
Talparc is offline  
Old 13th Apr 2016, 20:59
  #22 (permalink)  
 
Join Date: Feb 2011
Location: Usually on airways
Posts: 65
Heard 8 weeks and 6% a couple of times now... Could that happen?
Wingman82 is offline  
Old 13th Apr 2016, 21:16
  #23 (permalink)  
 
Join Date: Jan 2014
Location: Dubai, UAE
Posts: 71
Here's my prediction

- EK Group will just make the profit target.

- We will get an email along the lines of a challenging year due to competition, lower yields, load factors and strong dollar

- 2-4 weeks bonus will be announced - because we have to save $$$ for tougher times in the future

- Pilots will get a step increase and a further reduction of 2 or 3 hours in overtime threshold.

KEEP SMILING!
aussiefarmer is offline  
Old 14th Apr 2016, 08:40
  #24 (permalink)  
 
Join Date: Sep 2006
Location: not in Dubai anymore
Age: 90
Posts: 714
2 excuses will be chosen from below, I heard all of them the last few years

oil is too low
oil is too high
dollar is too low
dollar is too high
GoreTex is offline  
Old 14th Apr 2016, 09:21
  #25 (permalink)  
 
Join Date: Feb 2012
Location: Permanent JET LAGGG
Posts: 206
Is profit share still in the contract or did they conveniently remove it?

Keep rowing...
CaptainChipotle is offline  
Old 14th Apr 2016, 09:49
  #26 (permalink)  
 
Join Date: Jun 2008
Location: Bubin hold
Posts: 10
Let's get ourselves well prepared for the 5 stages of grief! The quicker we get to the last stage the better. Let's move on mi amigos!
pacbro is offline  
Old 14th Apr 2016, 13:01
  #27 (permalink)  
 
Join Date: Oct 2015
Location: USA
Posts: 415
I think they are in between rock and hard place.

They have to show profit (by cooking books) to other airlines to prove how great they are in managing airlines.

On the flip side employees expect profit sharing when you announce profit.

So the profit sharing they have to pay is actually additional loss.
notapilot15 is offline  
Old 14th Apr 2016, 13:33
  #28 (permalink)  
 
Join Date: Dec 2002
Location: usa
Posts: 1,007
To put it in historical perspective - Pay raises/bonus since 2000.

I have combined step or lack thereof in the raise number and called it a pay raise for simplicity
I do not have profit share or Edu support allowance numbers from 2000-2007.
2000-2007 numbers were provided by a colleague

05/00
3%
05/01
5%
05/02
6%
05/03
3%
05/04
5%
05/05
11%
05/06
10%
05/07
9%


Pay raise/profit share/Edu/housing since May 2008
05/08
12% 14 wks
05/09
0% 0 wks - GF Crisis
05/10
6% 3wks
05/11 (edu fund 32-40/54-60)
8% 12wks
05/12
3%
05/13 (edu fund 40-42/60-63)
3.5%
05/14 (staff travel erosion)
3% 3wks (edu 42-46/63-70)
housing up to16075pm for CAPTs
05/15
3% 9wks (edu 46-47.5/70-72.5)
OT thresh 88h

2012-13 prof target 3.5bn dhs (achvd 3.1bn) 10/5/13 - Target not achieved - no profit share

13/14 target 4.22bn (1st half 2.2bn) 8/5/14 - 4.1bn achieved - Target not achieved- 3 weeks profit share

2014/15 target 3.7bn (rwy closure)
1st half achieved 2.2bn - 2nd 3.2b for a total of 5.5bn) - 9 weeks profit share

2015/16 target 7.7bn
(1st half 3.7 achieved)

Make of it what you will - but I believe they will save a pay raise of 5% on top of step for all EK group UAE employees for next year to cover VAT.

This years profit should be on target - as to the "very recent positive" package developments email from JAROPS - (repairing ops &#128521

The longer they wait the greater the expectation - which is not a good thing for them and I just think the rot is very deep for there to be any change in sentiment unless it's a blockbuster.

Not holding my breath.

Since we moved to new HQ - the Atrium show has usually taken place on the third Thursday of April at 10am except for 2013 when there was no profit share.
fliion is offline  
Old 14th Apr 2016, 14:15
  #29 (permalink)  
 
Join Date: Dec 2005
Location: Earth
Posts: 82
Thanks for the payrise/profit share history Fliion. However I have never seen the profit share announcement in April, it has always been sometime in May.
motojet is offline  
Old 14th Apr 2016, 14:26
  #30 (permalink)  
 
Join Date: Dec 2002
Location: usa
Posts: 1,007
Thought it was April Moto - stand corrected - fatigue and all that
fliion is offline  
Old 14th Apr 2016, 14:32
  #31 (permalink)  
 
Join Date: Feb 2004
Location: Hades.
Posts: 753
IIRC, the company results and profit share are announced in April.

The pay rise (or not ) is announced in May.

H-D
helen-damnation is offline  
Old 14th Apr 2016, 15:13
  #32 (permalink)  
 
Join Date: Oct 2010
Location: In the back of a bus
Posts: 992
Let's not forget that we may need to add to the list of

high/low dollar
high/low oil price


huge insurance bill/payout/costs due to unfortunate loss at sister airline (FZ comes under the group umbrella does it not??)

It will not surprise me in the slightest if they announce that a share was to be paid, however due to the sad event those funds have been diverted into the pot to cover things there... in goodwill we will give you 2-4 weeks.


If we *do* get something, perhaps it would be nice if all of us could send something the way of the crew families down at FZ...

however I will believe a PS payment when it is in my account, as always...
givemewings is offline  
Old 14th Apr 2016, 15:38
  #33 (permalink)  
 
Join Date: Dec 2005
Location: Earth
Posts: 82
I think everyone has been working too much, the profit share announcement has been in May for at least the last 8 years.

2013 Profit Share announced May10

Emirates Airline hits new heights with 52% rise in profit | The National

2014 Profit Share announced May8

http://www.khaleejtimes.com/business...-dh3.3-billion

2015 Profit Share announced May7

http://www.emirates247.com/business/...05-07-1.589921


Most likely there will be a few weeks yet before the announcment.
motojet is offline  
Old 14th Apr 2016, 15:50
  #34 (permalink)  
 
Join Date: Jul 2009
Location: On the sidewalk
Posts: 154
Please do not include the step increase in any pay raise look backs. It's a contractual longevity increase and should not be considered a raise. It's in my contract and has only once been denied due to extreme circumstances in 2009 even though the company had been substantially profitable that year.

Also Fly Dubai is completely separate from emirates group.
InnocentBystander is offline  
Old 14th Apr 2016, 17:09
  #35 (permalink)  
 
Join Date: Dec 2002
Location: usa
Posts: 1,007
Innocent take a deep breath - go to post 28 - read second line again slowly.
fliion is offline  
Old 14th Apr 2016, 19:16
  #36 (permalink)  
 
Join Date: Jul 2000
Location: Blighty
Posts: 561
I think Mach Krit has hit the nail on the head with his last line...

The lack of interest is telling...

The way we are working and low morale has taken over from the profit share talk this year...
springbok449 is offline  
Old 15th Apr 2016, 19:42
  #37 (permalink)  
 
Join Date: Sep 2014
Location: Within
Posts: 333
I heard that they've limited the profit share only to employees who don't have any warnings and QMs (Quality Matters, something of a small warning sh*t from Airport Services Dept, not sure if other depts have them). More reasons for more warnings.
Nikita81 is offline  
Old 15th Apr 2016, 21:11
  #38 (permalink)  
 
Join Date: Mar 2003
Location: uae
Posts: 2,478
Heard from who?
fatbus is offline  
Old 15th Apr 2016, 21:17
  #39 (permalink)  
 
Join Date: Sep 2014
Location: Within
Posts: 333
They've got an e-mail from AS DVP stating so. Maybe it's valid only for AS dept (which is strange and discriminative if true) if you didn't get the same e-mail.
Nikita81 is offline  
Old 16th Apr 2016, 00:50
  #40 (permalink)  
 
Join Date: Apr 2001
Location: overthere
Posts: 2,913
Motojet,

The profit announce had always been the last Thursday in April. The change to May is a relatively recent thing. Pay review for pilots was always done prior to the 15th May, and paid in the May pay. The change to June for that is also a new development.
donpizmeov is online now  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.