EK Profit Share....
 

Now this is unusual. We always get an invite to the grub & chit chat affair quite early however no-one & I mean no-one seems to have an idea of the date or the place...why?:bored:

Anyone got anything to offer? (apart from 12 weeks that is?):p

Change!
 

I think it will be a good idea getting used to change...and not expecting the same carrots every year...

Management always wants to save where ever it can...

Do we really think that they would treat pilots the way they do unless they knew for sure that they could do or NOT do things and get away with them...

I think its time that we looked at real issues like having permission to have our unions for handling serious and mature issues ( not petty or immature ones)

OR

Set the industry norms ourselves right from the start by speaking to all flying schools and telling cadets NOT to pay for type-ratings to get a job which gives the message out Loud... WE WILL PAY TO FLY.....!!!

There are a lot of issues in the Aviation world which will not be solved by mere complaining and showing disapproval of....They need to be approached with a Unified Voice with the Pilot Community coming together as ONE.

?
 

Does that mean you don't know the date?

You mean you actually want to got to the stupid thing, do you enjoy sitting there listening to someone talking crap, blowing smoke up your a$$ and then telling you what little profit share they can afford to give you because of the rising cost of oil. :ugh:

I'll save you the trip..... You've been great this year thanks, doing all that overtime, flying illegal ULR flights with inadequate rest. The next twelve months are going to be just the same or worse, but hey whatever! :ok:

If you do go don't forget to clap and cheer with all the other Muppet's when Sheiky boy say we've had another record year!!!

You should stay at home on your hard earned day off or go the beach and relax, whatever the result it won't change by you being there.

Keep discovering.

Well said, Puff. You are spot on.
Always used to amuse me when I cared enough to go (ie was an FO!) how many dish-dashes were enjoying the free buffet then how few were to be seen in the subsequent meeting!

Let's call it what it realy is, a "bonus," and stop calling it a "profit share". At the end of the day they've decided what tip they going to give us regardless of the the profit and the silly little formula.

It is probably the same reason we were not offered any free access to the air show last time it was on. ie. The person responsible for standing up for us and putting in an effort on our behalf has since retired.

I don't know why guys are sweating this but for what its worth, the profit last year was not publicly announced until Apr 26th. So still a few days left to get invited to the ball.

I think the jars of EK vaseline are being put into our FC boxes in the next couple of days...........Ben Dover here it comes:E

My guess is 7% + 3% and 4-5 weeks, even though it should be about 40-50 weeks if the rules were followed:*

Here it is
 

Invitation extended to pilots for meeting on wednesday 30th April

Come on Guys. We made a HUGE profit this year so the company will be equally benevolent. Instead of the customary jar of vaseline - we get a extra generous tube of KY Jelly.

It's out...invite to Capts & FOs...it used to say managers!
 

30th April Airport Expo 1400hrs finger buffet 1300-1345hrs. I'm going for the food:D MIght as well get something out of it

Mutley... Leroy made the effort each year to get us passes, when he left no one in the office even tried on our behalf. If a few guys have done the wrong thing in the past, it was never mentioned to me as a reason for not allowing us trade access. They were probably all to busy climbing over each other to get a ride on the 380 to be bothered with the masses.

IMHO none of the pilots should go, even if it is just a small show of our contempt, I think it would send a message to AAR etc and his cronies:hmm:

Fair point:*

Profit share grub!
 

I reckon I can eat 12 weeks worth of profit share...WOW! Bring it on! I will get my twopence out of this company yet!?:)

Well if you do eat it, it will make up for those pathetic crew meals which wouldn't keep a small mouse happy. I'll have to bulk up too :p

According to a local newspaper - profits jump 40% to 5 Billion dhs (USD 1.36 Billion). I guess we will find out soon enough on the 30th.

nope! we get 25% of 360M

..plus 2 weeks for meeting target

= 8 weeks ?..

I know how much we get from a reliable source, ITS NOT ENOUGH

If you're off on the 30th take life easy, stay at home and put your feet up because you deserve your days off.:ok:

Your can read on the portal, or even here! how little you're going to get, you really won't be missing anything at all.

It won't change things by being there, and the buffet really is no better than what your wife can knock up for lunch, as you well know in emirates, if it's free it's going to be crap!!!:ugh:

Great idea!

I think Thylakoid is correct in how the profit share is calculated. However, as we get more employees we should make more profit so the profit share shouldn't go down because of that.

However, I think it is all just smoke and mirrors anyway and it will be "adjusted" by the bean counters to as little as they feel they can get away with without mass resignations.

How does 5 weeks sound?

I personally think it will be 12 weeks (a big one) and then the end of profit share/bonus. Rumours are that we will be given shares in the company.

12 weeks sounds right. 10% pay rise, maybe less. All other perks will get official inflation( one third of reality).

11 weeks, 7%+3% on basic, variable pay doubled... the usual 'well informed' say. :rolleyes:

6 weeks and no payrise , maybe a reduction in flight pay. The aviation boom cycle is always very short.

LOL Love it :D

halas

eklawyer, cant agree more with you, guess the other boys are still on their honeymoon.

EK Lawyer, you are a beaut! I pissed myself laughing. Brilliant.

Ok here goes! 12 weeks bonus. 3% + 9% on basic, + 100% on flight pay. Overtime 650 for Skippers and 390 for FO's. 12% 0n Utilities.

Check 'Six'

6,
if not I stick ze bajonett in ze head

My twopence worth!
 

8 weeks, 5% + increment. No increase on flight pay. Utilities maybe 7%

see if I'm wrong!

5 weeks bonus, 7 perc plus 3 perc,20k aed increase in utilities,OT 500 aed per hour but with an increased threshold to say 83 hours.. 65 aed per hour flight pay,new joiners higher utility allowance than existing pilot workforce to entice them to take rented accom or to buy straight from the outset!! (You guys like that one;)), 10 percent inc in education allowance. Meal vouchers... IF YOU DONT LIKE IT LEAVE YOU LAZY PILOTS.............:ok:

Singapore airlines will be announcing thier bonus and profit share pretty soon.heard that it will be 28 week just like last year and maybe more.

You guys are in for a very rude shock if you think there will be any payrise.

SQ gives nice big profit share because they pay it on your basic pay, like EK.
However your base pay at SQ is a lot lower than our base pay. You make your extras from your flying pay which is a lot higher than ours.

I would think that SQs 28 weeks is equavalent to us getting 14 weeks. Maybe not precise but close.

Not even close.
If you take their basic s$9300/mo = s$2325/wk 2325X28=s$65100 s$65100x.75= USD$48825 (with 10% taxes then $43942)

30,700AED basic for yr one or two B777 capt per month
30,700AED/mo=7675/wk 7675AEDx14=107450AED
107450AED/3.69=USD$29120

Easier way to work it is their US dollar amount per week is $1743.
Ek dollar amount per week using 3.69 is $2079.

They make about 16% less on the basic...but, they get paid 13 mo's plus last year 24 weeks which nets 28 weeks. But they do pay a 10% tax.

Scary stuff to put one's limited math skills on display. So if I made any glaring mistakes, blame it on too much sun and sand in my eyes...


Posted on another site on PPrune....


B777 Captain: in S$ per month

Basic: $9300
MVC (Monthly Variable Component) : $767
AVC (Annual Variable Component): $767 x 1.15 (paid lumpsum in June for whole year)
Meal Allowances: $2000 (on average, including in-flight & overnight allowances, incl 6 weeks leave, tax-free)
PPA (productivity allowance): $4000 (on average, incl 6 weeks leave)
Transport: $120
Bonus: Between 3 to 6 months of (basic+MVC+AVC)...simplified explanation
13th month "Bonus": 1 month (basic+MVC+AVC)

Income Tax (approx): $2500 (locals), $3500 (expats)

For expats:

Housing: $ 3200 (adjustable, barely, $3100-$3500)
Schooling: $1400 per child for 2 children
Gratuity: $10,000 per year (on completion of contract)
Joining Bonus: Upto $30,000 possible

SI (Service Increment) for every year of service: Approx 3% of basic, incorporated into basic. This year may be more, as inflation has touched 6.6% versus an average of 2-3% over the past 15-20 years.


Lots of other variables like housing etc. but we're just talking cash....