When will Emirates financial results be announced?
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When will Emirates financial results be announced?
Hello Folks!
As the title says, is it late now for the announcement? usually the announcement is made within the first week of May. some rumors say the announcement will be at the beginning of June.
As the title says, is it late now for the announcement? usually the announcement is made within the first week of May. some rumors say the announcement will be at the beginning of June.
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Modest profit of 2.5 billion instead of 7.7 billion..?
Any company in the world would love to have a profit anywhere near EK's. Let's get real for a minute.
If Willy Walsh turned a 2.5 bill profit, he'd get to be The Queen's personal shoe shiner for life..
Any company in the world would love to have a profit anywhere near EK's. Let's get real for a minute.
If Willy Walsh turned a 2.5 bill profit, he'd get to be The Queen's personal shoe shiner for life..
Last edited by Craggenmore; 9th May 2017 at 15:17.
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And the emirates group is this according to their www.
the Emirates Group as an immense organisation, spanning a portfolio of more than 50 brands and employing over 65,000 people
the Emirates Group as an immense organisation, spanning a portfolio of more than 50 brands and employing over 65,000 people
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Higher education should become compulsory for professional pilots. Reading all this drivel you posted here, makes me feel sick. Let's be honest, even a BA in Literature can interpret an income statement or a balance sheet. It took you guys 3 posts to figure out how many airlines are members of IAG, just use google, for God's sake.
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I believe what is being alluded to in the figures is the company can declare any profit it wants to as the numbers are not audited and the standard practice of accounting rules do not apply with EK and its declaration of financial results.
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Emirates accounts actually are audited (traditionally by PwC).
I always thought that the somewhat extraordinary (to the region and ownership structure) transparency is driven by access to the financial markets for funding (corporate bonds etc.).
The fact that large corporations have a lot of maneuver space for declaring a loss or a profit (if they are solid enough) remains a fact anywhere.
Not a financial expert by far... my degree from elsewhere as well.
I always thought that the somewhat extraordinary (to the region and ownership structure) transparency is driven by access to the financial markets for funding (corporate bonds etc.).
The fact that large corporations have a lot of maneuver space for declaring a loss or a profit (if they are solid enough) remains a fact anywhere.
Not a financial expert by far... my degree from elsewhere as well.
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PWC is world respected in audit, and I don't want to hear about the Oscars, that was a one off, we all have done it.
As OBOGS said, Corps, especially in this part of the world have a lot of "maneuvering" space. At Emirates it is the PAYMENT TO OWNER, which comes from the profit, not after.
And that "gentlemen" is where we as Emirates pilots get screwed out of our profit share.
The financial "Boys" love this kind of stuff, use the payment to owner as a cost, screw the employees out of profit share, they don't f---king care.
That's transparency to them, the kind that keeps the funding going.
As OBOGS said, Corps, especially in this part of the world have a lot of "maneuvering" space. At Emirates it is the PAYMENT TO OWNER, which comes from the profit, not after.
And that "gentlemen" is where we as Emirates pilots get screwed out of our profit share.
The financial "Boys" love this kind of stuff, use the payment to owner as a cost, screw the employees out of profit share, they don't f---king care.
That's transparency to them, the kind that keeps the funding going.
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Interesting line in the email:
We’ve made some tough decisions. Until we’re on a stronger footing, we’ve frozen promotions, but will continue to fill and recruit essential roles. Expect firmer controls on salaries and benefits as we look to steady our payroll costs."
I wonder if FO's are considered "essential staff"
🙈😱
We’ve made some tough decisions. Until we’re on a stronger footing, we’ve frozen promotions, but will continue to fill and recruit essential roles. Expect firmer controls on salaries and benefits as we look to steady our payroll costs."
I wonder if FO's are considered "essential staff"
🙈😱