EK Bonus
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As I mentioned in another thread, that I can't seem to find at the moment, EK savings on fuel alone compared to 2014-15 should be in the region of 10-12 billion AED.
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Well VeeOne, I damn well care that they should provide a substantial profit share to the minions, all of us. BUT, I can't get expectations too high knowing how they have tricked 
the books to deny us our share, in the past.
the books to deny us our share, in the past.
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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 😉
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.
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 😉
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.
13/14 target 4.22bn (1st half 2.2bn) 8/5/14 - 4.1bn achieved - Target not achieved- 3 weeks profit share
The 3 weeks deposited to our bank account was NOT a profit share.
It was the first time in EK history they paid a Bonus to us all.
We can only get a profit share if we meet (2 weeks) or exceed the Target.
These 3 weeks were a gift. Aka Bonus.
Probably to show goodwill. Fat lot of good that did ;-)
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One interesting little tidbit- I looked back through the profit announcements for the last 10 years (sick on the couch so time to burn). Only two times has the second half profit been larger than the first half. The target this year is 7.7bn and 'only' 3.7bn was achieved in the first half. The second half will have to have been unusually profitable or the target will not be met. Those extra 380s will not have helped that cause. Not long now until all revealed!
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One interesting little tidbit- I looked back through the profit announcements for the last 10 years (sick on the couch so time to burn). Only two times has the second half profit been larger than the first half. The target this year is 7.7bn and 'only' 3.7bn was achieved in the first half. The second half will have to have been unusually profitable or the target will not be met. Those extra 380s will not have helped that cause. Not long now until all revealed!
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Funny how the math works out;
Profit last year - 5.5 billion
If you increase that by 40% as sir Tim says in the press...you get EXACTLY 7.7 billion (the target).
So if that's true we will come in 1 dirham short and get nothing or maybe 2 weeks if we are lucky!
Profit last year - 5.5 billion
If you increase that by 40% as sir Tim says in the press...you get EXACTLY 7.7 billion (the target).
So if that's true we will come in 1 dirham short and get nothing or maybe 2 weeks if we are lucky!
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Was down route and happened to chat with some Delta pilots about their PS. I know I know it's a whole different thing, but their's was close to 1/3 of their earned pay. Probably Delta's bean counters are not as proficient at hiding and diverting profit. Just for info and "grins". And of course their management is trying to rid themselves of that, in the ongoing negotiations for a new contract.
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Guess he will get his bonus for sure.
Emirates exec turns down Air France-KLM CEO position - Transport - ArabianBusiness.com
Emirates exec turns down Air France-KLM CEO position - Transport - ArabianBusiness.com
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Sorry, but the story smells a lot, wonder what is behind?
Emirates boss 'often travels in economy'
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It is not easy to run an airline in real world and I doubt EK management has any airline management skills left. Owner brings money and management spends and talk tosh to media.
Also, Can he scale fence?
Also, Can he scale fence?
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Doesn't half smell as much as the other story on that page...
Emirates boss 'often travels in economy'
Emirates boss 'often travels in economy'