No profit share target.....yet.
Thread Starter
Join Date: Sep 2000
Location: Somewhere
Posts: 28
Likes: 0
Received 0 Likes
on
0 Posts
No profit share target.....yet.
I seem to remember a verbal commitment to set a ps target for later in the year. Anyone know if this has happened yet, or has it been overlooked along with my pay rise!
Join Date: May 2015
Location: FL053
Posts: 23
Likes: 0
Received 0 Likes
on
0 Posts
Talking of profit Share!
KLM splits record earnings with staff; 30,000 to share ?170m - DutchNews.nl
KLM splits record earnings with staff; 30,000 to share ?170m - DutchNews.nl
Join Date: Aug 2005
Location: 1st world country
Posts: 137
Likes: 0
Received 0 Likes
on
0 Posts
Talking of profit Share!
KLM splits record earnings with staff; 30,000 to share ?170m - DutchNews.nl
KLM splits record earnings with staff; 30,000 to share ?170m - DutchNews.nl
Join Date: Dec 2002
Location: usa
Posts: 1,005
Likes: 0
Received 0 Likes
on
0 Posts
The target is set for following year after 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 - with no profit share.
There was no target this year.
In the last three years the pay review was emailed on these dates:
2016 - 2/6/16
2015 - 25/5/15
2014 - 16/6/14
Verbal commitment? Go on.
Join Date: Oct 2007
Location: Scotland
Posts: 132
Likes: 0
Received 0 Likes
on
0 Posts
Nedul is right, in the annual report covering letter dated 11/05/17, he states that they have decided “not to set a profit share target for 2017-2018 just yet, given the current ambiguity and complexity in our markets worldwide. We will review this later in the year”
Well I hope its better than BA
Ł1.77B profit.
Staff get a bonus of 1.4% of basic pay.
Ł1.77B profit.
Staff get a bonus of 1.4% of basic pay.
Join Date: Jun 2006
Location: Dubai
Age: 54
Posts: 328
Likes: 0
Received 0 Likes
on
0 Posts
Fatbus Profit share is a joke....
Just like this airline and operation.
We better get a pretty hefty pay raise (12-15%) and 4-6 weeks profit share. If anything less even the pilots that like Emirates will start to realize they are nothing but being used and abused by an airline that doesn’t appreciate its pilots.
Just like this airline and operation.
We better get a pretty hefty pay raise (12-15%) and 4-6 weeks profit share. If anything less even the pilots that like Emirates will start to realize they are nothing but being used and abused by an airline that doesn’t appreciate its pilots.
Join Date: Aug 2006
Location: >FL310
Posts: 429
Likes: 0
Received 0 Likes
on
0 Posts
Just to add to the mix, Delta just shared $1 billion with its employees. Works out to be an average of around 13% of total salary. Something wrong here with this airline not making massive profits.
http://news.delta.com/tags/profit-sharing
http://news.delta.com/tags/profit-sharing
Thread Starter
Join Date: Sep 2000
Location: Somewhere
Posts: 28
Likes: 0
Received 0 Likes
on
0 Posts
That's what I was alluding to.
Is it an oversight or a statement of intent.....?
I think I know the answer to that one.
Join Date: Sep 2005
Location: Post-Pit and Lovin' It.
Posts: 863
Likes: 0
Received 0 Likes
on
0 Posts
In a twisted way it's probably the one time the region/company's supreme pride, arrogance, and pathetic fear of losing face work in your favour...they can't have those unionized US and Euro carriers crowing about giving out big bonuses when they don't, can they!
It makes one wonder: if companies based in places with things like labour laws and legal due process can make a fortune in profit, how can you possibly not make money somewhere you have a cheap, compliant and easily exploitable workforce?
It makes one wonder: if companies based in places with things like labour laws and legal due process can make a fortune in profit, how can you possibly not make money somewhere you have a cheap, compliant and easily exploitable workforce?
Join Date: Aug 2006
Location: >FL310
Posts: 429
Likes: 0
Received 0 Likes
on
0 Posts
In a twisted way it's probably the one time the region/company's supreme pride, arrogance, and pathetic fear of losing face work in your favour...they can't have those unionized US and Euro carriers crowing about giving out big bonuses when they don't, can they!
It makes one wonder: if companies based in places with things like labour laws and legal due process can make a fortune in profit, how can you possibly not make money somewhere you have a cheap, compliant and easily exploitable workforce?
It makes one wonder: if companies based in places with things like labour laws and legal due process can make a fortune in profit, how can you possibly not make money somewhere you have a cheap, compliant and easily exploitable workforce?
The bigger joke is that if profit share is not paid due not reachung the target, somehow the bonuses to management can still be paid. To me they should go hand in hand. If the airline didn't make profit there shouldn't be any bonus!
Let's not start on the varying calculations used to give different employee groups different amounts. (Some get on entire salary while others only on basic)
A true "profit share" should be X amount of profit divided by Y amount of employees giving an equal pay out to all.
Let's not start on the varying calculations used to give different employee groups different amounts. (Some get on entire salary while others only on basic)
A true "profit share" should be X amount of profit divided by Y amount of employees giving an equal pay out to all.
Join Date: Sep 2011
Location: earth
Posts: 1,098
Likes: 0
Received 0 Likes
on
0 Posts
It makes one wonder: if companies based in places with things like labour laws and legal due process can make a fortune in profit, how can you possibly not make money somewhere you have a cheap, compliant and easily exploitable workforce?
Join Date: Jun 2001
Location: Rockytop, Tennessee, USA
Posts: 5,898
Likes: 0
Received 1 Like
on
1 Post
For Delta pilots, the best paid line employees at any airline, this results in quite a sizable payout. According to union figures, based on 2017 earnings and profit-sharing numbers, Delta captains will receive a whopping $29,000 to $59,000, depending on tenure. In comparison, a United captain will receive between $9,300 to $20,500 in profit-sharing bonuses, while American Airlines captains will receive a measly $3,600 to $7,500.
A union representative at American is, unsurprisingly, not happy that the other guys are getting all the money. “The profit sharing pool at Delta is an Olympics-size pool,” he said. “American’s is a kiddie-size pool.” (Not that pilots are exactly starving, in general. Their salaries have risen significantly in recent years, at least for those with more seniority.)
A union representative at American is, unsurprisingly, not happy that the other guys are getting all the money. “The profit sharing pool at Delta is an Olympics-size pool,” he said. “American’s is a kiddie-size pool.” (Not that pilots are exactly starving, in general. Their salaries have risen significantly in recent years, at least for those with more seniority.)
Join Date: Feb 2012
Location: Permanent JET LAGGG
Posts: 206
Likes: 0
Received 0 Likes
on
0 Posts
Just to add to the mix, Delta just shared $1 billion with its employees. Works out to be an average of around 13% of total salary. Something wrong here with this airline not making massive profits.
Profit Sharing | Delta News Hub
Profit Sharing | Delta News Hub
Join Date: Feb 2017
Location: Germany
Posts: 249
Likes: 0
Received 0 Likes
on
0 Posts
Bahahahaha. I think we will see flying taxis before we get a profit share. I don't have high hopes anymore.
Maybe EK will prove me wrong this year. Even better. Maybe we get another "Free" ticket for Happiness Day!
Maybe EK will prove me wrong this year. Even better. Maybe we get another "Free" ticket for Happiness Day!
Join Date: Apr 2005
Location: Desert
Posts: 363
Likes: 0
Received 0 Likes
on
0 Posts
The company has to give us a Profit Share and a pay raise just to attract new joiners and the dreaded DECs. If not who in their right mind would join this outfit? 1000 hour Turbo Prop pilots? Oh wait we have already done that.