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Worst First Quarter In EK History.

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Worst First Quarter In EK History.

Old 16th Jul 2016, 07:11
  #21 (permalink)  
 
Join Date: Jun 2008
Location: Up in the air
Posts: 547
Jet fuel price upp 48% since January.
lospilotos is offline  
Old 16th Jul 2016, 07:23
  #22 (permalink)  
 
Join Date: Feb 2004
Location: UAE
Posts: 159
Geez..... 1 rumour on a rumour network about 1 bad quarter and suddenly EK is losing Billions....

Lets get some perspective here.

J
JAYTO is offline  
Old 16th Jul 2016, 07:24
  #23 (permalink)  
 
Join Date: Sep 2011
Location: earth
Posts: 1,062
A lot of people are simply in denial.

"Brexit?" C'm on happened three weeks ago, nothing to do with a first quarter result.

"380 is a money machine for EK". Right, no need to shut down the production line, EK will take another 200 and post more first quarter record profits. No need for CM, with every new 380 our bonus will increase.



Guys, the overcapacity is staring us into our faces. Just as the reduction of the yield.
To all those who still want to come: You might just join to be the first ones fired. The writing is on the wall: Capacity reduction.

To all old farts, like me: We might face another increase of hours to give us the rest. The company wants to get rid of the expensive old guys and keep the desperate newbees. Seniority? My @$$. And the pampers fraction instructors will be busy training those who will work their health off to push them out of the company.

Congratulations!
glofish is offline  
Old 16th Jul 2016, 08:23
  #24 (permalink)  
 
Join Date: Apr 2006
Location: In the seat
Posts: 284
Originally Posted by glofish View Post

To all old farts, like me: We might face another increase of hours to give us the rest. The company wants to get rid of the expensive old guys and keep the desperate newbees. Seniority? My @$$.
EKonomics 101 - the new guys probably cost more than the old timers. How, well consider a new pilot joining that has 3 kids, his total cost to the company is way more than a 20 year Capt with grown up kids!!! So why would you want the experience guys to leave and expose your risk!!
kingpost is offline  
Old 16th Jul 2016, 09:01
  #25 (permalink)  
 
Join Date: Feb 2006
Location: dubai
Posts: 84
Originally Posted by kingpost View Post
EKonomics 101 - the new guys probably cost more than the old timers. How, well consider a new pilot joining that has 3 kids, his total cost to the company is way more than a 20 year Capt with grown up kids!!! So why would you want the experience guys to leave and expose your risk!!
Exactly!! A first year Captain's salary vs a 10 year Captain's salary is not that much different (sadly), and the bonus to the company (besides having crew who actually have some experience...) is no more School fees, bus fees, and medical coverage for the pilot with graduated-and -gone kids .
pumpkin is offline  
Old 16th Jul 2016, 10:08
  #26 (permalink)  
 
Join Date: Sep 2011
Location: earth
Posts: 1,062
You might be right, financially, i agree.
Regarding risk, i would't be sure they cared. Maybe the insurance company though.

I stand corrected.
glofish is offline  
Old 16th Jul 2016, 12:27
  #27 (permalink)  
 
Join Date: Oct 2004
Location: Dubai
Posts: 323
10 years ago an EK recruitment manager told me it cost a minimum of 2 million AED from recruitment to LHS...all the recruitment costs, costs of bringing in supporting the family, and training from RHS to LHS. Nowadays it would be 50% more than that at least.

Factor in say 3.5 million AED into the monthly pay difference between a new Captain and a 15 year Captain, and it's clearly better to retain an experienced Captain until retirement than it is to wave him goodbye to save at most 15,000AED a month. On that simple equation, it would take 19 years to recover the replacement costs of the experienced Captain with a new guy in the LHS (ex DE FO) and maybe 40% of that time for a DEC
Kamelchaser is offline  
Old 16th Jul 2016, 12:46
  #28 (permalink)  
 
Join Date: Jun 2006
Location: UK
Posts: 654
Kamel, a number of years ago I had a chat to MK who essentially said the same thing as we went into another round of DEC recruitment.
Of course bean counting logic 101 states "we know the cost of everything, and the value of nothing"
In this case however it would appear that the cumulative investment is either ignored, or more likely dismissed as anything less than that would be an admission of fault or error.
Monarch Man is offline  
Old 16th Jul 2016, 13:01
  #29 (permalink)  
 
Join Date: Oct 2015
Location: USA
Posts: 415
Maybe a few beached Whales at Victorville.
No need

3 - Heavy mx,
3 - Painting
2 - Fresh Phenom-100 graduates
1 - Jennifer Aniston
1 - Jetman
1 - Airshow somewhere
1 - Sport event somewhere
Any more slack start additional frequency to LHR and AKL.
notapilot15 is offline  
Old 16th Jul 2016, 14:53
  #30 (permalink)  
Kapitanleutnant
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Posts: n/a
I'm sure the bean counters at HQ are having that same puzzled look when you ask for something from a waiter, or staff at Carrefour etc... that is just a little different than they normally hear.. something they really have no idea how to process in their brain because it's "just slightly out of the norm" and therefore, it simply doesn't compute to them.

Same with the bean counters upstairs... They have no idea how to handle nor what to do as since EK is now not making money. Total bewilderment and the proverbial deer in the headlights look from them.

Kap
 
Old 17th Jul 2016, 03:58
  #31 (permalink)  
 
Join Date: Apr 2001
Location: overthere
Posts: 2,931
A line captain leaves. The company is up for the expensive of selecting and upgrading an FO to Capt, and also the expense of recruiting and training a new FO. The more qualifications you have, the more expensive to replace. A TRE leaves. The company is up for the expense of selecting and training a TRI to TRE. Selecting and training a line Capt to TRI. Selecting and upgrading an FO to Capt. Recruiting and training a new FO.
The "if you don't like it leave" attitude is expensive.
donpizmeov is offline  
Old 17th Jul 2016, 05:25
  #32 (permalink)  
 
Join Date: Mar 2003
Location: Dubai
Posts: 769
And yet they love it so much
ruserious is offline  

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