When will Emirates financial results be announced?
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Their mistake.... our loss.
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True to a degree 777, trouble is I have invested in this place, their decisions have cost me. I do though have the ability to leave and relocate, and I will. We have all lost money because of their financial ineptitude.
A bonus is what we brought into, 3 % per year was what we contractually agreed to, descent villas and schooling / health care was what we brought into. Trouble is.. in these parts a reduction in profits... not a loss means we take up the slack. Trust me we loose too.
A bonus is what we brought into, 3 % per year was what we contractually agreed to, descent villas and schooling / health care was what we brought into. Trouble is.. in these parts a reduction in profits... not a loss means we take up the slack. Trust me we loose too.
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+1 on the last question...
Its gone extremely quiet regarding the Terminator.
It more and more looks like no one has the bxlls to admit that he packed a long time ago...
blue (open) skies now gone gents...a big storm is brewing. And who will steer this ship...
Sir MF, we miss u!
Its gone extremely quiet regarding the Terminator.
It more and more looks like no one has the bxlls to admit that he packed a long time ago...
blue (open) skies now gone gents...a big storm is brewing. And who will steer this ship...
Sir MF, we miss u!
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KBE explained it
"None of this is of our own making."
"None of these (problems) are of our own volition."
ICE channel 1500 Part 10 and then the Dubai Business Breakfast last week.
It continued:
"Very difficult year...there's lots of political instability on the planet today, financial systems stress and political vacuums"
And there you have it.
Close the door and get back to the job at hand.
"None of these (problems) are of our own volition."
ICE channel 1500 Part 10 and then the Dubai Business Breakfast last week.
It continued:
"Very difficult year...there's lots of political instability on the planet today, financial systems stress and political vacuums"
And there you have it.
Close the door and get back to the job at hand.
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Have you noticed EK management NEVER takes responsibility for anything? Its always someone else fault. Its the economy, the terrorism, Trump, you name it. Those paid to run the airline are never guilty of anything.
I love the reasons Ek management posts to justify their complete incompetence! Political vacuum? Tell me when there is no political vacuum? Financial distress? It's always present, the job of the management is to make a smooth sale through the distress, its their job to prevent it. Those people live in a parallel reality...
I love the reasons Ek management posts to justify their complete incompetence! Political vacuum? Tell me when there is no political vacuum? Financial distress? It's always present, the job of the management is to make a smooth sale through the distress, its their job to prevent it. Those people live in a parallel reality...
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I think that the year end numbers are indicative of the real personalities of the people we work for. More than ever it should be clear to all that you are only here to work, not make a life. Don't forget that they don't want you here after they are done with you. More and more its getting difficult, almost impossible to do practically anything without police letters, NOC's, finger prints, salary certificates indicating you make over 30,000 per month and god knows what else, they just don't want outsiders mixing into their domains.
Over the past 10 years or so there has been a move to put nationals into the work place and move the expats out. There are folks in all walks of life who are being replaced daily by locals and thats just how its done here. Yes, we all know it would'nt fly in the UK or USA but thats the way it is.
To those who have "invested" either by buying a house or invested heavily in other ways I can only say "caveat emptor". It has always been a highly risky move to purchase big ticket items in a country where you do not have the right to hold the passport and your lifestyle depends on the results of your next PPC/Medical/Landing/handling of the IO passenger etc. Even the arabs buy property in the UK, Europe, Canada, USA etc. but not here...why?
It used to be different 15 years ago, its not the same today.
Which leads me to the company of today. We still get people who join based on the spin the recruiters are forced to spout. I recently worked with a fellow who simply did not believe what was written in this forum and forged ahead anyway, he did admit that he felt imprisoned by the 5 year bond...I simply stated "you were warned" and left it at that!
The glory days are gone. It's been said 1000's of times here. It is not the place to lay down roots roots any longer (I wouldn't even buy a new car here...forget property).
So when the results are bad as they are now, its difficult for me to listen to those who blame management for how this downward trend is affecting them. You'd have known this was going to happen sometime and selling a house in the Middle East in unstable times can be a challenge. Certainly the management could have taken a different approach in the growth of the company and the handling of its staff...but they haven't nor will they.
Remember, they really don't want you here anyway.
Over the past 10 years or so there has been a move to put nationals into the work place and move the expats out. There are folks in all walks of life who are being replaced daily by locals and thats just how its done here. Yes, we all know it would'nt fly in the UK or USA but thats the way it is.
To those who have "invested" either by buying a house or invested heavily in other ways I can only say "caveat emptor". It has always been a highly risky move to purchase big ticket items in a country where you do not have the right to hold the passport and your lifestyle depends on the results of your next PPC/Medical/Landing/handling of the IO passenger etc. Even the arabs buy property in the UK, Europe, Canada, USA etc. but not here...why?
It used to be different 15 years ago, its not the same today.
Which leads me to the company of today. We still get people who join based on the spin the recruiters are forced to spout. I recently worked with a fellow who simply did not believe what was written in this forum and forged ahead anyway, he did admit that he felt imprisoned by the 5 year bond...I simply stated "you were warned" and left it at that!
The glory days are gone. It's been said 1000's of times here. It is not the place to lay down roots roots any longer (I wouldn't even buy a new car here...forget property).
So when the results are bad as they are now, its difficult for me to listen to those who blame management for how this downward trend is affecting them. You'd have known this was going to happen sometime and selling a house in the Middle East in unstable times can be a challenge. Certainly the management could have taken a different approach in the growth of the company and the handling of its staff...but they haven't nor will they.
Remember, they really don't want you here anyway.
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[QUOTE=The Outlaw;9768287]I think that the year end numbers are indicative of the real personalities of the people we work for. More than ever it should be clear to all that you are only here to work, not make a life. Don't forget that they don't want you here after they are done with you. More and more its getting difficult, almost impossible to do practically anything without police letters, NOC's, finger prints, salary certificates indicating you make over 30,000 per month and god knows what else, they just don't want outsiders mixing into their domains.
Over the past 10 years or so there has been a move to put nationals into the work place and move the expats out. There are folks in all walks of life who are being replaced daily by locals and thats just how its done here. Yes, we all know it would'nt fly in the UK or USA but thats the way it is.
To those who have "invested" either by buying a house or invested heavily in other ways I can only say "caveat emptor". It has always been a highly risky move to purchase big ticket items in a country where you do not have the right to hold the passport and your lifestyle depends on the results of your next PPC/Medical/Landing/handling of the IO passenger etc. Even the arabs buy property in the UK, Europe, Canada, USA etc. but not here...why?
It used to be different 15 years ago, its not the same today.
Which leads me to the company of today. We still get people who join based on the spin the recruiters are forced to spout. I recently worked with a fellow who simply did not believe what was written in this forum and forged ahead anyway, he did admit that he felt imprisoned by the 5 year bond...I simply stated "you were warned" and left it at that!
The glory days are gone. It's been said 1000's of times here. It is not the place to lay down roots roots any longer (I wouldn't even buy a new car here...forget property).
So when the results are bad as they are now, its difficult for me to listen to those who blame management for how this downward trend is affecting them. You'd have known this was going to happen sometime and selling a house in the Middle East in unstable times can be a challenge. Certainly the management could have taken a different approach in the growth of the company and the handling of its staff...but they haven't nor will they.
Remember, they really don't want you here anyway.[/QUOTE
Super nice post!
Over the past 10 years or so there has been a move to put nationals into the work place and move the expats out. There are folks in all walks of life who are being replaced daily by locals and thats just how its done here. Yes, we all know it would'nt fly in the UK or USA but thats the way it is.
To those who have "invested" either by buying a house or invested heavily in other ways I can only say "caveat emptor". It has always been a highly risky move to purchase big ticket items in a country where you do not have the right to hold the passport and your lifestyle depends on the results of your next PPC/Medical/Landing/handling of the IO passenger etc. Even the arabs buy property in the UK, Europe, Canada, USA etc. but not here...why?
It used to be different 15 years ago, its not the same today.
Which leads me to the company of today. We still get people who join based on the spin the recruiters are forced to spout. I recently worked with a fellow who simply did not believe what was written in this forum and forged ahead anyway, he did admit that he felt imprisoned by the 5 year bond...I simply stated "you were warned" and left it at that!
The glory days are gone. It's been said 1000's of times here. It is not the place to lay down roots roots any longer (I wouldn't even buy a new car here...forget property).
So when the results are bad as they are now, its difficult for me to listen to those who blame management for how this downward trend is affecting them. You'd have known this was going to happen sometime and selling a house in the Middle East in unstable times can be a challenge. Certainly the management could have taken a different approach in the growth of the company and the handling of its staff...but they haven't nor will they.
Remember, they really don't want you here anyway.[/QUOTE
Super nice post!
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Drop kick, I disagree with your statement; it's their mistake and it's their loss. If you were a UAE National, with your pride and own airline to lose, I'd agree. The way I see it, I'm much rather be in my position with the ability to leave at anytime then to be anyone of the sleepless top floor boys.
Agree 100000%%%
We are guests, no feelings at all.
We can go somewhere else......they cant.......
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Reduced profits???
IATA statistics from a recent airline industry report. 2015 & 2016 were the MOST profitable years EVER for airlines worldwide. It is estimated that 2017 will fall between the two.....so we are currently experiencing the 3 most profitable years ever for airlines!! For the airlines with falling profits or worse it must be asked, where have the management gone wrong???
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Outlaw
There is some sense in that post but you view on housing is one side of the coin. Property markets throughout the World are subject to volatility at some point, history proves that. Dubai is still relatively new into this market and will suffer the same gains and loses but perhaps more in the extreme. Locals' buy abroad because they can and because they live there during the summer. They also buy there for the same reason we buy here, spreading their investment portfolio and risk. Sure it's a bigger risk for us, we will not be afforded the same legal fairness here that they would expect in the Western World if things go wrong. Nobody is naive enough to believe otherwise. Rules and laws here are definitely not equal amongst men.
However, there have been many pilots within EK who did very well buying into this market 15 years ago. Some sold when their 'investment' grew considerably, some now live in those unencumbered houses enjoying an additional 190,000 a year for free. I think they would be laughing at your post. Buying does require commitment and if you aren't looking at this gig long term, don't do it. This is for those that would be looking to make Dubai a longer term prospect.
Regardless of which side of the fence you sit on, who cares? You make a decision and you live by it. Only on the day you hang up those goggles for good will you be able to reflect whether your decision was the right one or not.
There is some sense in that post but you view on housing is one side of the coin. Property markets throughout the World are subject to volatility at some point, history proves that. Dubai is still relatively new into this market and will suffer the same gains and loses but perhaps more in the extreme. Locals' buy abroad because they can and because they live there during the summer. They also buy there for the same reason we buy here, spreading their investment portfolio and risk. Sure it's a bigger risk for us, we will not be afforded the same legal fairness here that they would expect in the Western World if things go wrong. Nobody is naive enough to believe otherwise. Rules and laws here are definitely not equal amongst men.
However, there have been many pilots within EK who did very well buying into this market 15 years ago. Some sold when their 'investment' grew considerably, some now live in those unencumbered houses enjoying an additional 190,000 a year for free. I think they would be laughing at your post. Buying does require commitment and if you aren't looking at this gig long term, don't do it. This is for those that would be looking to make Dubai a longer term prospect.
Regardless of which side of the fence you sit on, who cares? You make a decision and you live by it. Only on the day you hang up those goggles for good will you be able to reflect whether your decision was the right one or not.
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IATA statistics from a recent airline industry report. 2015 & 2016 were the MOST profitable years EVER for airlines worldwide. It is estimated that 2017 will fall between the two.....so we are currently experiencing the 3 most profitable years ever for airlines!! For the airlines with falling profits or worse it must be asked, where have the management gone wrong???
Oil companies in the M/East account for 29% of the regions GDP. Where oil goes - the region goes, and with that EK in particular, add in our wrong sized fleet and increasing hub by pass & emergence of LHLC
The Economist says it better.
http://www.economist.com/news/business/21721956-aviations-most-successful-business-model-under-strain-super-connector-airlines-face
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If EK don't want to give bonus to employees who worked hard, its alright but at least don't make excuses and forge the account books. Forging account books is a very comman practice here since there is no regulatory authority.
Why should we work hard for next financial year when the hard work does not get rewarded
Why should we work hard for next financial year when the hard work does not get rewarded
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It's very hard to see what is going to turn around the inexorable slipping slope. In no particular order
Retail - suffering from sky high rents, fees and restrictions, and declining demand
Hospitality - overcapacity, high dollar denominated prices, reduced regional and European demand
Real Estate - ridiculous over supply, diminishing demand as the regions money runs out. This one could fall off a cliff tomorrow, and it is already starting.Get out right now before that piece of poured concrete is worth nothing.
Lastly the airline. The golden goose has stopped laying and again it's hard to see how it can again. Vast regional overcapacity poor procurement decisions. Etc etc you've heard it all.
Underlying it all is the fact that the price of oil is set below $50 for ever thanks to fracking. The Texas Peruvian field alone has huge huge recoverable reserves to compare with the KSA's somewhat sketchy proven reserves. And the break even price is going down all the time. Ya think Expo is going to turn this around? Laughable. I'll be surprised if they even hold it they are so starved of cash. The AUH government has stopped paying its contractors and compared to Dubai they stashed a bit of cash.
Start working on re validating an EASA or FAA license now. Lots of jobs but it takes time. Be prepared. It will be easier if you are.
Retail - suffering from sky high rents, fees and restrictions, and declining demand
Hospitality - overcapacity, high dollar denominated prices, reduced regional and European demand
Real Estate - ridiculous over supply, diminishing demand as the regions money runs out. This one could fall off a cliff tomorrow, and it is already starting.Get out right now before that piece of poured concrete is worth nothing.
Lastly the airline. The golden goose has stopped laying and again it's hard to see how it can again. Vast regional overcapacity poor procurement decisions. Etc etc you've heard it all.
Underlying it all is the fact that the price of oil is set below $50 for ever thanks to fracking. The Texas Peruvian field alone has huge huge recoverable reserves to compare with the KSA's somewhat sketchy proven reserves. And the break even price is going down all the time. Ya think Expo is going to turn this around? Laughable. I'll be surprised if they even hold it they are so starved of cash. The AUH government has stopped paying its contractors and compared to Dubai they stashed a bit of cash.
Start working on re validating an EASA or FAA license now. Lots of jobs but it takes time. Be prepared. It will be easier if you are.
As a relatively regular (about one sector / month over past 5y) EK business flyer I can report a significant price increase in all business fares (at least for the destination I follow, mostly Asia and Africa). Very noticeable