No profit share target.....yet.
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Not all of the U.S. airlines are sharing the big bonus bucks but the Deltoids are sure leading the pack this time around 
:
https://thepointsguy.com/2018/02/ame...all-the-money/
:https://thepointsguy.com/2018/02/ame...all-the-money/
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Profits in the first half of the 2017-2018 financial year went up 111 percent to $462
Title was truncated, its UDS $462 million...In the first half of the 2017-2018 financial year, profits rose 111 percent to AED 1.7 billion ($462.8 million).
This "first half" result already exceeds last year's whole-year profit of "only" AED 1.3 billion
“It’s going to be better than last year in general,” Sheikh Ahmed told local media at the launch of a GE Aviation support centre in Dubai South on Tuesday, declining to give further details.
Emirates expects improved results this year, says Sheikh Ahmed - Transport - ArabianBusiness.com
This "first half" result already exceeds last year's whole-year profit of "only" AED 1.3 billion
“It’s going to be better than last year in general,” Sheikh Ahmed told local media at the launch of a GE Aviation support centre in Dubai South on Tuesday, declining to give further details.
Emirates expects improved results this year, says Sheikh Ahmed - Transport - ArabianBusiness.com
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results of preceding year are announced which is usually the third Thursday of April in HQ atrium. The Atrium email schedule is usually a precursor to a profit share announcement. Otherwise results that have not achieved the target are usually issued via Corp Comms on the third Tuesday of April
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They know that we know what they know.
Hence no need to spend energy on any sort of letter.
The happy day with a Subload ticket was a plus.
BTW has any one tried to book/enquiry a shipping company for house relocation from second week of May to end of August back to Europe for instance?
All the containers are fully booked and it has never happened before.
i wonder why....
Hence no need to spend energy on any sort of letter.
The happy day with a Subload ticket was a plus.
BTW has any one tried to book/enquiry a shipping company for house relocation from second week of May to end of August back to Europe for instance?
All the containers are fully booked and it has never happened before.
i wonder why....
Last edited by Lynx8; 20th Apr 2018 at 01:08.
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The amount of profit as far as I am concerned is insignificant. What is significant is the proportion of profit that is earmarked to be returned to the ‘shareholder’, (using STC terminology). I doubt the vast majority of us will never be privy to the real ‘dividend’ which influences what is left for us.
Last edited by Emma Royds; 19th Apr 2018 at 17:21.
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At least for the last 2 years profits were announced 2nd Thursday in May.
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When notice of termination of Contract of Employment is given by either party, the company will apply a complete
freeze on any changes to the employee's employment terms, and any previously planned promotion will not be
implemented. This principle will be applied as follows:
a. If an employee resigns prior to the 'effective' date of a pay review, he will not be entitled to receive an annual
or merit pay review, or changes as a result of a general pay review of scales, benefits etc., whilst serving
notice (regardless of the date of implementation of any such review).
b. If an employee resigns after the 'effective' date, but has already left employment prior to the
'implementation' date of the pay review, he will not normally receive the annual or merit pay review.
c. If an employee resigns after the 'effective' date and is still in employment at the time of implementation of
the pay review, he may receive the benefit of some or all of the pay review. However, such pay review benefit
will only be granted to employees who work the full term of their contractual notice period, unless the
Country Manager or Line Manager indicates in writing that the notice period is waived.
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pumpkin
The pay review contract is a different agreement to the requirements for receiving profit share. The manual you quote relates to a salary review and has nothing to do with profit share.
Harry
The pay review contract is a different agreement to the requirements for receiving profit share. The manual you quote relates to a salary review and has nothing to do with profit share.
Harry
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Unless it's changed, you must be employed in the date the profit share is paid out to receive it. Believe that part is in the ERM.
I was told this includes notice period and the VX days however I can't find that in writing. However since you still hold your ID until LDS technically you are still employed until you hand it over...
I was told this includes notice period and the VX days however I can't find that in writing. However since you still hold your ID until LDS technically you are still employed until you hand it over...
It would make for a very interesting state of affairs if no profit share and no pay rise occurs after STC admitted for the first time a shortage of pilots. I suspect you'll get both, and one of them will be substantial. Well, I hope you do!!
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Except that he went on to say that the shortage is only temporary as 170 cadets are on the way. So there is little hope.
