anyone that thinks they know, until the official announcement, is talking bo**ocks. In all the years of the profit scam, nobody has known until it is officially announced.
By all means guess, but that's all you can do.

Hopefully its all sorted by time the 380 starts operating:eek:

Did the Pharohs give plundered gold to the slaves rowing their ships, no but they sure whipped their asses.
And the EK boys are really feeling it .......................
Slaves dont get bonusses........................

Hey 145qrh,
Sometimes it is a premature blowing!

GreenOnGo,
I think the earnings report for the year is scheduled for the 24th, but i am not sure. ( It is sometime during that week) The bonus is announced with the annual earnings report. The 1st half earnings were up almost 20%, and we do not have many empty planes now, so I would think it would be more than last years 4 weeks. Maybe 6? Who the hell knows, but he is not here today.

Regards,

330 Man

Change to Profit Share Rules .........about time
 

Always thought it was a ripp off having contributed to the company coffers and not being able to get the profit share because of this and that.

How about the rumor of maximum two weeks profit share? :sad:

Then it wouldn't be called profit SHARE now, would it?

Not heard of a maximum of two weeks at all - where's that coming from?:confused:

It used to be 6 months to qualify and you got the lot, so still worse off than 5 years ago. One step forward, 2 steps back!:ok:

Sounds like a step in the right direction to me. Pro rata is without doubt a fairer way. There'll still be those that complain though. :ugh:

Now I just need to persuade HR to backdate the policy by about 3 years and i'm sorted!

Emirates half-year profit soars to $323 million on 30% rise in revenues
 

tuesday November 7, 2006

Emirates reported a $323 million net profit for the first half of its fiscal year, widened from $251 million in the year-ago period, on a 30% jump in revenues to $3.67 billion, marking the highest first-half profit in its history.
"The results reflect a strong revenue performance driven by robust passenger and cargo demand, and better yields, which softened the impact of high fuel prices on operating costs," the airline said in a statement.


For the six months ended Sept. 30, passenger revenues rose 31% as passengers carried increased 20% to 8.4 million. Emirates SkyCargo posted a revenue increase of 29% as freight grew 20% to 577,455 tons. The cargo unit's contribution to overall revenues remained steady at 21%.
Fuel costs for the half-year surpassed $1 billion and remained the carrier's biggest expenditure, accounting for 30.7% of total operating costs. "Measures taken by Emirates to remain on target include stringent cost-containment and efficiency drives, but like other airlines, Emirates has been forced to maintain fuel surcharges on tickets, which do not fully cover the escalating costs," it said.


The airline has launched services to 10 new cities since January: Abidjan, Addis Ababa, Bangalore, Beijing, Hamburg, Kolkata, Lilongwe (cargo-only), Nagoya, Thiruvananthapuram and Tunis. Its total network now comprises 87 cities, including four cargo-only destinations.


With 10 747-8Fs recently ordered (ATWOnline, Oct. 10), the fast-growing carrier now has more than 100 widebody jets with list-price values exceeding a collective $30 billion pending delivery. The current fleet consists of 100 aircraft including 29 A330-200s and 22 777-300ERs.
by Aaron Karp

And the point is?......Proffit share!
If only we can all stick it out until then:ugh:

With precious little investment in their staff it's no wonder that the profits are up on paper... watch though how they tend to reduce the figures around March after 'another difficult and challenging year'.

My favourite EK "mirrors and smoke"
We have had a really tough year and have made record profits on the back of cutting your terms and benefits on a regular basis and not keeping up with cost of living in Dubai.
So here is 5 weeks profit share, although we should be paying you 20 weeks, we need to give $200 million to the government to help with paying for further benefits for nationals, so this is all we can afford. Be grateful and don't forget to thank your clever managers for sha*ting you so consistently. :ugh: :ugh:

profit share
 

With the half yearly YET AGAIN record profiteering by the company.

WHY WHY do i keep hearing that no profit share next year due to this or that!!!

The latest one that even though we have record profiteering this year it is still below the PROJECTED threshold to trigger profit share to its slaves!:D

OR the OIL chestnut!!

Profit is profit is it not!:confused:

Stop profit share because it simply is not transparent enough and just give the slaves a 50 percent pay rise that you know we all bloody well deserve and be done with it.:eek:

As a small side dish!! I wonder how much it costs the company profiteering WISE as they are, to produce thousands of GLOSSY pictures warning its SLAVES not to steal the toothepaste. Surely if the toothepaste and everything else that is not bolted down in those toilets is all accounted for in the cost of that flight!! So printing those beautiful posters is surely extra cost to the company which reduces the overall PROFITEERING of the company! :rolleyes:

Anyway im sure it will be factored in to that end of year calculation as ANOTHER excuse for no PROFIT share this year!!:D

Who else is there to sponsor? Any one need a new stadium built? Surely we can give this money to someone! We can't just give it away to the staff for no justifiable benefit to EK!

Has been quiet. What are the rumours re profit share this year?

None

Due to excess fuel uplift, as required by our deskbound non pilot CEO, not enough people taxiing on one engine, to many guys starting the APU after landing and finally disruption caused by Biman, fog and lazy pilots.

10 - 16 tonnes 'additional' due to 'hub protection' on prob40 cavok making a farce of APU savings... sponsorship of whatever else we're putting our name on, engine failures, fog (well anything below 2000m), contract training, additional training of new recruits, schedule disruption due to crewing levels...

Profit share? They don't need smoke and mirrors to disguise their monumental cock ups this time and we'll be the ones that pay the tab as usual.

Surprise, Surprise
 

Print this page
Emirates to invest Dh2.7b in hotels and resorts
http://archive.gulfnews.com/business.../10112490.html
03/21/2007 12:54 AM | By Saifur Rahman, Business News Editor
Dubai: Emirates, the second biggest and most profitable Arab carrier, is investing Dh2.7 billion in developing its hotel portfolio which will be managed by its newly-established Emirates Hotels and Resorts division.

Emirates carries the highest number of passengers to and from Dubai and also takes care of their accommodation them while on a stopover here.

"We are the largest pro-viders of businesses to Dubai's hotel industry and will continue to be. However, the new division is our responsible contribution to the emirate of Dubai," Hans E. Haensel, Emirates' senior vice-president for Destination and Leisure Management Division, told Gulf News.

"It is by no means taking away the businesses from the hotels."

Dubai's hotel industry is currently suffering from shortages of rooms.
"We are trying to contribute to that. The industry currently needs 35,000 additional rooms to meet the future demands. We are putting only 1,850 rooms to support the industry," Haensel assured the hoteliers of Dubai.

The airline's hotel projects include a Dh1.8 billion Emirates Park Towers - a twin tower complex that will house 900 guest rooms and 300 serviced apartments and rise to 77 floors - off Shaikh Zayed Road. Middle East Foundation is currently completing the piling works. In September this year, the Dh518 million Emirates Marina Hotel and Residence, a complex hosting 261 rooms and apartments, will open.

This will be followed by the Emirates Green Lakes, a 350-apartment complex, that Emirates Hotels & Resorts will operate under a management contract.
The airline already operates a 42-suite Al Maha Desert Resort and Spa, built in the 1990s at a cost of Dh125 million. It is also developing a similar one at a cost of Dh253 million at Wolgan Valley in Australia's Blue Mountains in New South Wales. Construction of the 40-suit Emirates Wolgan Valley is to start in June and is expected to be completed by September 2008.

The company, however, is not planning to develop this into a global hotel brand like Radisson SAS, spearheaded by the Scandinavian carrier, or other five-star brands such as Hilton, Sheraton and the Intercontinental.

"But we would compete with them in quality and service," Tony Williams, vice-president for Resorts and Projects at Emirates Hotels and Resorts, said.
"Across the range of products, we will offer super luxury desert conservation like Al Maha - a very niche product as well as the luxury five-star services in the large business hotels."

The airline has also entered into the spa business with the launch of Timeless Spa.

2.7 Billion in everything but their staff...

FUEK. :mad:

Vorsicht, I think they changed the sandwiches as well, so one more cost.:}

Well, it is going to be like the Hilton Brand, like it's most famously known (employee) on the pay books. These managers like to shaft others, don't proove to do too well when on the top, and when it comes to do the job, all they do is blow it :yuk: . See, could be either company we are talking about here. :rolleyes:

I guess all the accounts are closed for another year, any educated guesses as to what profit share may be?

Hey ShockWave -
"Who else is there to sponsor? Any one need a new stadium built? Surely we can give this money to someone! We can't just give it away to the staff for no justifiable benefit to EK!":eek:
Don't worry:
They Wannabees Managers are just about to splash out 1,5 Million Pound (not
Crappy Dirham) to replace the Concorde 1/4 Scale Model at the Roundabout to terminals 1,2 &3 at LHR. as BA is moving to Terminal 5 pretty soon;:{
so the beancounters thought its time to replace it with a frumpy looking A 380 Model in Emirates livery instead!
well - I'm afraid that doesn't bring the 10%+ resigation quote of qualified flightdeck crews - last year alone - under control :(
just wait what will happen, when they dare to announce a less than 4-weeks profit share - HR won't be amused by then - You bet!:*

Well, I just about got it right last year, so here is my guess.
5 weeks
Based on nothing more than the theory, that it is the least they can get away without giving employees a proper pay rise.
Of course the usual scales will apply
Cabin Crew 1/2 share (basic pay only, to dumb to realise it :\ )
Flight Deck 1 x share (until next year onwards when pph kicks in fully)
VP's 2 x share
SVP's 4-5 x share
EVP's & above, who knows the limits

Model a/c
 

the cost of the "Model" is 1.5 million quid per year!!

My guess is... 16 WEEKS:eek: :eek: :eek: :ooh: :O :} :yuk:
OK OK.. Back to my medications now...:{ :{

16 WEEKS....
Let me see... are you with SQ, posting on the wrong thread?
LOL

Think he meant 16 DAYS :rolleyes:

My guess is 5 weeks ..... but factored by possible hours versus the effective blockhours you flew during them. :{

:O
I have a theory that management trawl these threads and keep there ears
to the ground as too the profit share rumours and give us what the
dominating rumour is. Why give more than the troops are expecting!!!!!!

With that in mind we need to start pushing the rumoured amount up.

I'll start

At least 12 weeks

:ugh:

Rumour from our finance manager, who is usually pretty spot on is that maximum is 3 weeks and could only be 2. Hope to god that this year he is wrong. It looks as though we will only just achieve the profit target set last year.

what EK seem to forget is that the increase in profit was to be about 20% increase on the previous year. So we increase profit by 20%, get a three week bonus and and a thank you. That doesn't really cover it does it. Inflation here is over 20%, everyone working longer and harder. One more year...

Has anyone kept track of just how much money the has made in the last 2-3-4 years, I haven't but I think it's about 1.5 bil US in profit above every other expense. Surely they can pay alittle extra to get some pilots coming in order to not park airplanes. 3 weeks would be an insult but i'm not ruling it out.Sad

Quote: 'get a three week bonus and and a thank you'

I doubt we will even get a thank you just a patronising letter from Ed or TCAS, or even better the illiterate AAR, on the excuses for this years share being as c£ap as...well every other year and why it was no ones fault except... well theirs actually but don't complain because millions want to join our wonderful airline so lump it anyway and aren't Arsenal really good, what a lovely stadium, and look at our Americas Cup boat...and the Dubai Cup... oh you were working? Never mind it was great blah blah... Oh and fuel prices... Ok I know we actually make a fortune on it anyway and charge surcharges even when its gone back down again but it won't be here for ever and then where will we be...

Actually, it may not even be a letter from Ed... is he still here or on a mission?

EK did not barely make target this year. They passed the mark in about December I have been told. If that is true we should be in line for about 7-8 weeks profit share. Anything less would be a slap in the face and an insult to us.

I've heard all the rumours and I really don't know who to believe. If the company has made a mountainful of profits and we are due a hefty profit share check, I can't help but remember a similar situation a few years ago when lo and behold, EK decided to make an additional payment to the Dubai government. The result was that it reduced our profit share significantly.

It´s gonna be less than last year 4 sure.

They can blame it on the Biman for all I care.

The bonus is a joke and will be gone next year.

Trust me!!!!!!

fo4ever and ever and ever and ever and ever

Don't get you hopes up
 

The bonus fiasco every year sums up Emirates to a tee:

At EK you never get what you expect.
Nothing at EK ever lives up to expectations.
What could be a wonderful is always lessened by EK management.
Nothing is ever as simple as it seems at EK.
EK will always give you the minimum.

In short, we will not get what we deserve, expect or desire. We will get what EK deems is necessary to placate, no more no less!!!

Prepare to be diappointed.:{

PS who is MR Ed, never seen him or a picture of him. Where has Squeely hidden himself, not seen anything of him recently?

My 2 fils worth....

5 weeks, but the math would indicate 8.....:sad:

A management cash payout for 3 weeks to help pay for the newly anncounced race track, which leaves us waiting for summer golf rates, coupons, or staying at home with our newly purchased Tiger Woods 2007. I guess we'll be seeing more of you at the mall....

No reasonably priced golf in Dubai? Why am I here again?

Whatever the profit share is,remember: Each day of profit share is only worth about 50% of what it was 4 years ago.

As is your every Dirham....