EK Bonus

[bidabon]

You are quite right, Speedbird, I shall continue praying then !!

[sluggums]

The fact is, is that it could've been twice that...

[Emma Royds]

Last year the difference between the target and the profit was 1.8 billion and that resulted in 9 weeks profit share.

This year the difference seems to be 0.5 billion. Based on my crude maths, then 2-3 weeks should be about right for 2015-2016.

[delorean79]

They could still decide to give us more that what the maths say!

And I could stop smoking the !!!! I'm smoking!

[TIMINGandLUCK]

Lets see, now that the annual report has been published we can compare.

Jet fuel cost 2014-15: 28.7 billion AED
Jet fuel cost 2015-16: 19.7 billion AED =

Savings in Jet fuel alone: 9 billion Dirhams

That means the savings in jet fuel alone is more than the entire group profit...!

Also, according to the 2014-15 report the strong dollar cost 412 million dollars in profit and somehow for 2015-15 it was responsible for 1.1 billion dollars in lost profit. How is that possible! Something seems fishy here and I don't think its just the Dubai creek...

[delorean79]

Emma, I used same rule of thumb... the problem is that we are 10.000 more in the group now compared to last year, which makes 2 weeks more probable, IMHO.

[my salami]

Guys I think we should look at the Group, and the Group made 9.3B..
An increase of 1.6B over the target which was set at 7.7B...
Hope I'm right😎😎

[JAYTO]

If the calculations are done correctly, then we should see 2 to 4 weeks,


So, after flying more than the legal limit due to factoring this last 12 months, they walk away with 2 billion USD and we walk away with a few thousand.

AWESOME...


back to rowing boys, there is still debt and dreams to be paid for...........

[TIMINGandLUCK]

My Salami you are looking at the operating profit of 9.3B. The profit share is paid out from the "profit attributed to the owner" and that was 8.2B as mentioned earlier.

[my salami]

Originally Posted by TIMINGandLUCK

My Salami you are looking at the operating profit of 9.3B. The profit share is paid out from the "profit attributed to the owner" and that was 8.2B as mentioned earlier.

Tks for that..😰😥

[alwayzinit]

It never ceases to amaze me that even with the massive drop in fuel costs, full aircraft, low workers salaries comparatively and crew working up and beyond the max ( subject to factoring) that the business rockets scientists on the 9th floor still only manage $2.2 Billion.
Hmmm, as usual for this time of year there is something fishy in the air.......................

[777-200LR]

JAYTO, I hear you bro, but try explaining that to the thousands who lost their homes, pensions, benefits etc when the markets collapse in 2008. The same bank managers walked away with 8 figure bonuses and scandals that followed. Did I mention that happened in first and free world?

[skytrax]

Apparently, the highest ever profit made.
Emirates group made 2.2 billion $.
Airline made 1.9 bilion $.

Let's see.

[Calmcavok]

It's a profit share target. The amount they pay out in profit share is then up to them. Not as simple as how much did we beat the target by.

Oh, and we may have a dedicated freighter fleet.

[itaintgoingtothemoon]

25% of the over-and-above is added to the 2 weeks but I think they're in the Mood to be "generous".

4-5

[Warlock2000]

EVERY YEAR the same BS. When will you lot learn that you can scrutinize the BILLIONS any way you please? It's not "really" a PROFIT SHARE (nice words to make you feel warm and fuzzy), it's a BONUS.

The numbers are worked and you get whatever is deemed appropriate.

Take it, say THANK YOU and keep working on the exit plan.

[Fart Master]

Wot he said. Exactly...

[Ynot]

The number is 5

5 (five) weeks...any comments?

[donpizmeov]

It's the full 5 weeks right? Profit up by 56%, profit share halved. Seems about right.

[P7xkk]

roughly in line with a fag packet calculation based on the delta between target and actuals zzzzzzzzzzzzzzzz