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-   -   EK profit(share) 2016 (https://www.pprune.org/middle-east/573205-ek-profit-share-2016-a.html)

Xiamen 26th Jan 2016 07:46

Thank you! Assessed and failed right here. Are you in the assessment team?

It's all up to the guys ticking the boxes. Or not.
The pass rate for DEC is?

donpizmeov 26th Jan 2016 07:52

Seniority list shows new joining DECs on both 330 and 777 from multiple nationalities.

Xiamen you are full of cr@p.

777boyindubai 26th Jan 2016 08:01

Xiamen. I am no defender of EK. But let me tell you for free that the recruitment and selection people have no axe to grind. They are highly professional and follow a transparent path. You do them a great disservice otherwise. In addition, I second Don's comments.

Sheikh Your Bootie 26th Jan 2016 09:48

5 DECs so far Don, the programme is a complete success :ugh::ugh:Not.

SyB :zzz:

donpizmeov 26th Jan 2016 09:55

You can only work with what you are given SyB. The fact is if you make the cut you are offered the job. There is no conspiracy.

With the package offered experienced fellas are not applying. Far better deals elsewhere.

Sheikh Your Bootie 26th Jan 2016 10:32

True indeed Don.

SyB :zzz:

fatbus 26th Jan 2016 14:49

320 Capt comes for (DEC) interview and crashes twice ! You want him flying your family ? Not mine.

delorean79 26th Jan 2016 16:08

but is he trainable? :eek:

The Outlaw 26th Jan 2016 21:25

Delorean,


Of COURSE he is because the CPA said so. Perhaps, what he doesn't realize is that there will be a flood of legal testimony to the contrary from endless pilots when the big impact occurs.

The CPA is a muppet and a planted figurehead....and will pay the price in due time....just watch how fast the company sends him down the **** creek with no paddle despite his nationality,


Tick Tock...Tick Tock...

Xiamen 26th Jan 2016 22:41


Seniority list shows new joining DECs on both 330 and 777 from multiple nationalities.

Xiamen you are full of cr@p.
Thank you for your kind words, don.
Do you know that outside the little EK bubble you guys are in, the way you treat other pilots asking questions are commonly referred to as bullying?
5 pilots since they started DEC, one? year ago?

I'm not saying this is what happened with the 320 pilot, but it is really easy to make a pilot crash in the simulator. He will not even know why he crashed.
If it is true, that is.

Last time I sent an application, I had to include my three last simulator reports.
If EK calls pilots who genuinly can't fly, the team is not doing the right back ground checks.

Tankengine 27th Jan 2016 01:31

Don is correct re who are NOT applying. :hmm:
A few F/Os from my company are there now, from what I hear from them and on here there is no way I would apply as a DEC with EK.:ugh:

Experience wise, 1500+ on 737 and 3000+ A330 in command so I would expect qualified.:p

lospilotos 27th Jan 2016 03:08


Originally Posted by Xiamen (Post 9249995)
If EK calls pilots who genuinly can't fly, the team is not doing the right back ground checks.

Ok, so you have a beef with the EK pilot selection team. You have made your point and no one seems to agree with you. Time to move on perhaps?

Laker 27th Jan 2016 04:24

Xiamen,

Why not consider it a blessing and move on? Sometimes things work out exactly as they should. There are some great contracts out there. You do realise that pilots are leaving EK en masse, in unprecedented numbers (FO's and CA's)? If you are determined to move to the ME there's an airline down the road which seems to offer a higher quality of life.

fatbus 27th Jan 2016 07:07

I guess this is a rumour network and not a fact network. no need to say anything else.

fliion 27th Jan 2016 07:39

Xiamen

We are flattered by your obsession

☺️

Aluminium shuffler 27th Jan 2016 09:05

Wasn't this discussion about bonuses/profit share? I don't see what DECs and selection failures has to do with it.:confused:

delorean79 27th Jan 2016 12:47

Does anyone remember which was the profit target for 2014?

1st half 2014 profit was 2.2 and 5.5 for the full year.

1st half 2015 profit was 3.4. If the fuel price stays this low, we may be looking to a full year profit higher to the 7.7 target.

If we do, then we may see profit share. It's that simple.

If everything goes well, and we haven't been hit by the ruble depreciation (haha), we could see a total profit from 8.0 to 9.0.

Then we just need a rule of thumb with the margin between the profit target and the actual profit from 2014 to start talking about weeks, days, hours or minutes of basic salaries!

We are looking forward for the highest profit in the history of Emirates and we may see NADA, NOTHING, NIL, RIEN, NICHTS as profit share. Let's keep our fingers crossed, for them to decide on investing part of that profit in package improvements, salary increase, steps, allowances.....

BANANASBANANAS 27th Jan 2016 12:49

I think it is impossible to call.

I guess it depends on whether they really want to acknowledge, and professionally address, the retention issue or not.

Expecting nothing, hoping for something, deserving of more, making sure I have options ready to go.

delorean79 27th Jan 2016 13:18

Found the 2014 target.

My rule of thumb: 2014 Target=3.7 Actual profit=5.5 Margin=1.8 Weeks=9

We need a 8.6 Total profit to get about 4 weeks. That means a 5.2 profit only on the second half... :eek:

I wish I could be that positive...

Let's crush some numbers. 2014 first half profit 2.2. / 2015 first half profit 3.4. That's 54% more.
2014 2nd half profit 3.3..... plus 54% more? 5.1.... mmmmm

I was right back in May, but I had the real profit results to play with...
May 2015 pprune post

Anyone with time to adjust my rule of thumb with a comparison in fuel prices during 1st and 2nd half of 2014 and 1st and 2nd half of 2015? LOL

Desert Busdriver 27th Jan 2016 18:29

Bananasx2 is spot on. FYI, don't go out and put that deposit on the 458 Italia just yet.

JAYTO 28th Jan 2016 04:35

we will get somewhere in the range of nothing to very little.....


There is no problem with recruitment.... this is the leading factor that will dictate what they throw our way.
The decision to accelerate the fleet restructure. (Edited due to Fatbus comments), large retirements of aircraft.
Quite a few Malaysian pilots heading this way.
With the lowering of the requirements the company now has thousands of applications from turbo prop guys.
There is no more problems....

AAR thinks he is the smartest man on the planet. He gave us nothing in the way of a payrise last year and all his problems have once again been solved, even though we all know its just smoke and mirrors.

You think he is not going to have another go at it this year???

J

fatbus 28th Jan 2016 06:15

Sudden restructuring ? This fleet retirement plan is not sudden. 4 years ago at standards meeting a slide was presented . The plan you see now is almost no different ie 343 still here and now only 1 345.but all gone by mar /April 2017 including the first 777300 er.

bia botal 28th Jan 2016 06:47

Profit share is a thing of the past lads imho! I reacon we only got it last year because the runway closure went way better than anyone could have imagined, hence the reason it's been set so high this year, can you imagine with oil prices as low as they are at the moment and short of a invasion of Iran destined to stay low for a few years at least what the target will be next year!
I'm sure we all noticed the half full cabins for October and November!
Profit share this year,,,,, ZIP!

White Knight 28th Jan 2016 07:19

The thing is Bia Total - the cabins are always only half full for most of October and November; low season...

Wizofoz 28th Jan 2016 07:47

I have no idea if we will get a profit share this year, but I love it when someone says they are a "Thing of the past".

I first read here how they were a "Thing of the past" in 2008, and pretty much every year since, even the one we got 14 weeks in.....

lospilotos 28th Jan 2016 10:13


Originally Posted by delorean79 (Post 9250544)
Found the 2014 target.

My rule of thumb: 2014 Target=3.7 Actual profit=5.5 Margin=1.8 Weeks=9

We need a 8.6 Total profit to get about 4 weeks.

Don't forget that we "only" need to make the target, then it's an automatic 2 weeks. 25% of the profit exceeding the target is then paid out as profit share on top of the 2 weeks. Of course the company can massage the figures to their liking and in the end of the day, they will pay out as many weeks as they see fit....

Saltaire 28th Jan 2016 10:16

I believe they will make the target. Airlines that don't make massive profits with fuel prices this low, likely never will.

Now will the accounting reflect the true profits?

My guess is 2-4 weeks.

Far rather see a reduction in hours, increase in basic, overtime rates and hourly pay. Who am I kidding.

highlight 29th Jan 2016 14:55

Whatever... I heard from my best friend's maid who heard it from her cousin; we're getting 14 weeks. I already placed an order for a BMW 745i - silver color in case you're wondering. I'll drive it in the left lane on SZR at the speed limit to piss off the local boys. :E

lospilotos 20th Feb 2016 10:34

All sources indicate a ~40% drop in jet fuel prices compared to last year, averaged over the year. From the 2014-15 annual report the fuel bill was 28,7 billion AED, that (should) equate into a 14,35 billion saving on fuel alone.

If one looks at the fuel price for the first six months of the financial year the price drop was approx 33%, with the second half to date shows approx 47% drop, compared to the full 2014-15 year.

So, if the half year result was barely on track, the second half should show a substantial improvement, at least if all other factors stay the same....

If there is not a record profit with record profit share, there is something seriously wrong...

Saltaire 20th Feb 2016 23:49

Agreed. If airlines don't make massive profits now, they never will. I think they will smash the target. Unfortunately, what they actually reveal and post is another story. The gov't needs money in a big way. I think we'll still get a decent pay out of about 4-6 weeks is my guess. That said, we need a pay raise!

LHR Rain 21st Feb 2016 02:31

It will be at least 10'weeks this year.

VIFF 21st Feb 2016 03:03

A Pay rise is essential to help cap the attrition rate.
A juicy bonus is always welcome, but with the ever increasing cost of living in Dubai, an increase in salary is a must to bring the package into line with others on offer.
No pay rise = more people leave = less leave/more work = more people leave......etc, etc.
I do hope that we haven't reached the point of no return yet!

With the singing of record first half profits and Fuel prices this low, even with a high target, a profit share of anything less than last year (9 weeks) would be an insult.:=

The Outlaw 21st Feb 2016 03:13

NO JOKES HERE....
 
Slash is right...there are DEC positions available on the A380 right now and in order to attract the very best, they have quietly offered up to 350,000 allowance and starting at a basic of 55,000 per month. There are some other benefits like 60 days leave and free DEWA etc.

I heard one guy negotiated a car as a signing bonus...

He'd be crazy NOT to come.

WHEN or IF you do decide to apply, be sure to TELL THEM WHAT YOU WANT...otherwise you'll just get Meydan and a few shekels per month.

The Outlaw

k grind 21st Feb 2016 03:52

Hey Outlaw, was just wondering, did 'that guy' negotiate for the Mercedes G63 or the G65? Man, if he settled for the twin turbo V8 when he could've gotten the V12, he's just contributing to the race to the bottom. What a sell out...

Rotating Bacon 21st Feb 2016 05:59

in my exit interview they offered me the V12 if I would stay, told them I would stay for the Aston Martin from spector, they said that will go to a 380 DEC from south america, it shows again seniority doesn't count here, I am so pissed off

ExpatBrat 21st Feb 2016 06:05

I met with the Mondial financial guy a few weeks ago. He told me Emirates is the only thing Dubai has that is currently making money and that it's being milked for all it's worth to service other debt. Maybe it's a bit of a jump to go from that statement to "no profit sharing" but I'm not expecting very much.


just FWIW

jatqual 21st Feb 2016 06:19

They won't know what hit them once the dodgy report times, non credited augmenting times, illegal reduced layover times, non credited training duties and fatigue take their toll

halas 21st Feb 2016 15:00

Profit Share
 
There are two sides to the massive drop in oil prices.
One is the reduced costs for the operating airline.
The second is the massive drop in personnel traveling that belong to the oil industry.

halas

lospilotos 21st Feb 2016 15:20


Originally Posted by halas (Post 9277104)
There are two sides to the massive drop in oil prices.
One is the reduced costs for the operating airline.
The second is the massive drop in personnel traveling that belong to the oil industry.

halas

Which could be offset by the majority of the travelling public, which does not belong to the oil industry, that benefit from the low oil price for oil based consumer products and perhaps are able to travel more than before?

fatbus 22nd Feb 2016 01:24

How much revenue has the UAE lost because of the drop in oil prices. Canadian Oil Provence of Albeta, Calgary alone lost 6500 oil related jobs so far .


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