EK Bonus
Join Date: Jun 2012
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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.
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.
Join Date: May 2012
Location: Dubai
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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...
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...
Join Date: Feb 2004
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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...........
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...........
Join Date: Dec 2006
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Join Date: Apr 2006
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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.......................
Hmmm, as usual for this time of year there is something fishy in the air.......................
Join Date: Sep 2007
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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?
Join Date: Jul 2010
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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.
Oh, and we may have a dedicated freighter fleet.
Join Date: Sep 2000
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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.
The numbers are worked and you get whatever is deemed appropriate.
Take it, say THANK YOU and keep working on the exit plan.
It's the full 5 weeks right? Profit up by 56%, profit share halved. Seems about right.