You are quite right, Speedbird, I shall continue praying then !!

The fact is, is that it could've been twice that...

Last year the difference between the target and the profit was 1.8 billion and that resulted in 9 weeks profit share.

This year the difference seems to be 0.5 billion. Based on my crude maths, then 2-3 weeks should be about right for 2015-2016.

They could still decide to give us more that what the maths say!

And I could stop smoking the **** I'm smoking!

:}:}:}

Lets see, now that the annual report has been published we can compare.

Jet fuel cost 2014-15: 28.7 billion AED
Jet fuel cost 2015-16: 19.7 billion AED =

Savings in Jet fuel alone: 9 billion Dirhams

That means the savings in jet fuel alone is more than the entire group profit...!

Also, according to the 2014-15 report the strong dollar cost 412 million dollars in profit and somehow for 2015-15 it was responsible for 1.1 billion dollars in lost profit. How is that possible! Something seems fishy here and I don't think its just the Dubai creek...

Emma, I used same rule of thumb... the problem is that we are 10.000 more in the group now compared to last year, which makes 2 weeks more probable, IMHO.

Guys I think we should look at the Group, and the Group made 9.3B..
An increase of 1.6B over the target which was set at 7.7B...
Hope I'm right😎😎

If the calculations are done correctly, then we should see 2 to 4 weeks,


So, after flying more than the legal limit due to factoring this last 12 months, they walk away with 2 billion USD and we walk away with a few thousand.

AWESOME...


back to rowing boys, there is still debt and dreams to be paid for...........

My Salami you are looking at the operating profit of 9.3B. The profit share is paid out from the "profit attributed to the owner" and that was 8.2B as mentioned earlier.

Tks for that..😰😥

It never ceases to amaze me that even with the massive drop in fuel costs, full aircraft, low workers salaries comparatively and crew working up and beyond the max ( subject to factoring) that the business rockets scientists on the 9th floor still only manage $2.2 Billion.
Hmmm, as usual for this time of year there is something fishy in the air.......................

JAYTO, I hear you bro, but try explaining that to the thousands who lost their homes, pensions, benefits etc when the markets collapse in 2008. The same bank managers walked away with 8 figure bonuses and scandals that followed. Did I mention that happened in first and free world?

Apparently, the highest ever profit made.
Emirates group made 2.2 billion $.
Airline made 1.9 bilion $.

Let's see.

It's a profit share target. The amount they pay out in profit share is then up to them. Not as simple as how much did we beat the target by.

Oh, and we may have a dedicated freighter fleet.

25% of the over-and-above is added to the 2 weeks but I think they're in the Mood to be "generous".

4-5

EVERY YEAR the same BS. When will you lot learn that you can scrutinize the BILLIONS any way you please? It's not "really" a PROFIT SHARE (nice words to make you feel warm and fuzzy), it's a BONUS.

The numbers are worked and you get whatever is deemed appropriate.

Take it, say THANK YOU and keep working on the exit plan. :ok:

Wot he said. Exactly...

The number is 5
 

5 (five) weeks...any comments?

It's the full 5 weeks right? Profit up by 56%, profit share halved. Seems about right.

roughly in line with a fag packet calculation based on the delta between target and actuals zzzzzzzzzzzzzzzz

I wonder what the crowd reaction was like...

...but what about an increment ?

That's cool for me...
Got some spending money for the wife's summer holiday....

Everybody clapped and cheered of course. The office workers don't do any more work year on year. Still start and finish at the same time every day. Wonder what the EGHQ Costa contribution to the profit was?

Pay rise is usually announced in about a week. Once the euphoria over the profit share has died down.

rounds of raucous applause heard from the Gin Palace, apparently...........

Target lowered to 7.2 to accommodate the 5 weeks as a show of good faith.

5 weeks bonus for 2016. Anyone have different info?

Lets hope the 'unshared' balance goes into a significant double digit pay rise - which is what really matters to us anyway!

Ok, whatevsss :hmm: on the profit share.

A serious increment (on top of the step) needs to be added now so we can start grocery shopping in Dxb again and not on layovers :{

Good faith??
 

Good faith...ha ha ha ha ha ha ha😂😂😂😂😂😂😂😂😂

More like a festering carrot.

Correcting myself, 7.2 is for next year...

Profit up 50%, Profit Share down nearly 50%. How does the company always manage to turn a win/win scenario into a loss?

What's the opposite of generous?

Complete Joke!!:ugh:

What did we expect. Their contempt for us is well documented.

Good plan DAYSEEMAL, then you can look as much of a idiot on the flight deck as you do on this thread!

The Company gives you 5 weeks extra pay, 5 weeks probably more than the majority of most airlines in this World, and you think a response like that is appropriate? What a prat. What would have made you happy? 8 weeks, 12 weeks? Personally I don't give a fudge about the profit share. I do, however, have concerns with the soon to be announced pay rise and the constant high hours we fly. That's where we should be focusing our energy.....

If you want the Company to treat you as a professional, behave like one.

Harry

Harry, don't go there... While I admire your pragmatism, don't make the schoolboy error of comparing us to other companies. What did Delta get in the past, eh?

Let people vent. It's all we can do when we're being shafted, yet again.

Some "pilots" need to grow up. You guys sound so pathetic. Sad to be associated with this group of pilots.

Sluggums

"What did Delta get in the past eh?" To be honest, I don't know, but perhaps you should ask that very same question to a few of the Delta guys that came to EK during the 2002/3 downturn, the time they were raped of their entire pensions and many were furloughed or lost their commands.

Good point though! :ok:

Harry

Delta got over 20% of their wages in the form of a Bonus but the company is trying to their Bonus away.
I bet no Delta pilot flew anywhere near our yearly total yet made more money than us both in the form of wages and company profit.
There was a severe worldwide downturn after the terrorist attacks but Delta pilots and most other airlines voted to get rid of their pensions and take a pay cut. Look what it has done for them now. Short term pain for long term gain.
I wish I had a Green Card or an exit Card.
5 weeks after 1026 flying hours last 12 months? What a joke! Is flying us 11% over the yearly max professional? Shut up and like it, I think NOT!