EK Bonus
 

I can't believe how quiet it's been on the Bonus front. No one wants to talk about it and the few that do say we aren't going to get anything. Rubbish!
The profit is going to be massive and we should get about 10-12 weeks Bonus. What does the pilot group think? What are we going to get?

Plan on 0, never disappointed if anything given!

big difference between what we should get and what we will get.. if history is anything to go by.

the lack of interest is telling though

No thanks! No profit share and no payrise - give me 15 days off a month and 60-70 hrs and that's the biggest bonus you can payout! I'm pretty sure I'm not alone

I would say declaring a healthy dividend to the Investment Corporation of Dubai, is far more likely than us seeing anything worth talking about.

Petrol subsidies have gone, VAT is coming and a new 35AED 'service charge' is being levied on all airline tickets for all passengers passing through Dubai. You don't have to look very far to see that Dubai is quietly implementing its own version of austerity measures.

The bonus is a brand new free villa in Meydan South.

That's for the coming year. I still want my profit share for working my a** off, helping to create the biggest profit ever, thank you very much....

Pilot pay review has been completed already.Sounds like 5% pay raise for Capts and 20 % for FO's to curb attrition and promote recruitment. But increase in hourly for both, Capt slightly more than FO
Profit share this year 2 -14 weeks is my guess.

Is this a wind up, or do you actually have a credible source?

Calm it Los, the full stop was missed. Should read 0.5% for Capts and 0.20% for FOs. Straight from the CSA on my last flight. She knows people that know people. Flight pay will increase as more hours will be flown.
The Bonus this year is we wont be getting an email from TCAS saying that the pay review has been delayed due lack of interest.

Yeah, that makes more sense... haha!

Nobody has a credible source on this!

I wonder if we'll conveniently miss our massive profit share target? If we do hit it, then something similar to last year, 8-10. Though 4 or less wouldn't be a shock.

Any pay rise likely will be in flight pay to absolve the company from increased provident fund contributions. No more than step on the basic.

In terms of remuneration, EK is no different from any other major these days. It's corporate and it's greedy. Replace EK with DL, BA, LH etc. It's about the shareholder(s) and nothing more.

No email from TCAS will be nice though.

STC can be heard saying on ICE that the profit will be considerably bigger than last year's. This in spite of declining yield and the strong dollar. He also admits that the strong dollar ia actually both a pro and con...

But yes, the PS target is also considerably higher...

If anywhere near the PS target and less than last year will be paid out, it's a big slap in the face...

Ja, I heard TopCat saying that as well. Around a month until we find out. Needless to say my breath is not bated.

There is a prime VP source within the Labour Camp. Though it may take water boarding to make him spill the beans - soft cushions and wailing were tried last year, to no avail.

Let's face it, if the company can't make big fat profits when the fuel price has been this low (despite pressure on yields, currencies, blah blah) there is no hope when the oil price rises again. I'm sure the prediction of 0-15 is bang on ha :}

Can we stop it with the "bonus" talk. We don't get any sort of bonus. A bonus is a reward. It's a stinkin' profit share. They make a profit....we get a share.....supposedly. When was the last time they rewarded us for anything, going the extra mile and all. We don't contribute one fil to their profit. Any profit they make will be first sent to whomever, and we get a share of the fils left over. It is not a bonus by any means.

And before someone asks , take your basic pay x12 divide by 52 will give you weekly

Weekly what? 😃

halas

Weekly pay X #week profit

Panther 88:

totally agree.
Guys going the extra mile is history, we get nothing or just some breadcrumbs.
A change in culture would be a small start but not happening.
Just adjust your behaviour accordingly.
They have stolen more money from us as they can ever repay with a rediculous profit share.

Heard 8 weeks and 6% a couple of times now... Could that happen?

Here's my prediction

- EK Group will just make the profit target.

- We will get an email along the lines of a challenging year due to competition, lower yields, load factors and strong dollar

- 2-4 weeks bonus will be announced - because we have to save $$$ for tougher times in the future

- Pilots will get a step increase and a further reduction of 2 or 3 hours in overtime threshold.

KEEP SMILING!

2 excuses will be chosen from below, I heard all of them the last few years

oil is too low
oil is too high
dollar is too low
dollar is too high

Is profit share still in the contract or did they conveniently remove it?

Keep rowing...

Let's get ourselves well prepared for the 5 stages of grief! The quicker we get to the last stage the better. Let's move on mi amigos!

I think they are in between rock and hard place.

They have to show profit (by cooking books) to other airlines to prove how great they are in managing airlines.

On the flip side employees expect profit sharing when you announce profit.

So the profit sharing they have to pay is actually additional loss.

To put it in historical perspective - Pay raises/bonus since 2000.

I have combined step or lack thereof in the raise number and called it a pay raise for simplicity
I do not have profit share or Edu support allowance numbers from 2000-2007.
2000-2007 numbers were provided by a colleague

05/00
3%
05/01
5%
05/02
6%
05/03
3%
05/04
5%
05/05
11%
05/06
10%
05/07
9%


Pay raise/profit share/Edu/housing since May 2008
05/08
12% 14 wks
05/09
0% 0 wks - GF Crisis
05/10
6% 3wks
05/11 (edu fund 32-40/54-60)
8% 12wks
05/12
3%
05/13 (edu fund 40-42/60-63)
3.5%
05/14 (staff travel erosion)
3% 3wks (edu 42-46/63-70)
housing up to16075pm for CAPTs
05/15
3% 9wks (edu 46-47.5/70-72.5)
OT thresh 88h

2012-13 prof target 3.5bn dhs (achvd 3.1bn) 10/5/13 - Target not achieved - no profit share

13/14 target 4.22bn (1st half 2.2bn) 8/5/14 - 4.1bn achieved - Target not achieved- 3 weeks profit share

2014/15 target 3.7bn (rwy closure)
1st half achieved 2.2bn - 2nd 3.2b for a total of 5.5bn) - 9 weeks profit share

2015/16 target 7.7bn
(1st half 3.7 achieved)

Make of it what you will - but I believe they will save a pay raise of 5% on top of step for all EK group UAE employees for next year to cover VAT.

This years profit should be on target - as to the "very recent positive" package developments email from JAROPS - (repairing ops 😉)

The longer they wait the greater the expectation - which is not a good thing for them and I just think the rot is very deep for there to be any change in sentiment unless it's a blockbuster.

Not holding my breath.

Since we moved to new HQ - the Atrium show has usually taken place on the third Thursday of April at 10am except for 2013 when there was no profit share.

Thanks for the payrise/profit share history Fliion. However I have never seen the profit share announcement in April, it has always been sometime in May.

Thought it was April Moto - stand corrected - fatigue and all that

IIRC, the company results and profit share are announced in April.

The pay rise (or not :mad:) is announced in May.

H-D

Let's not forget that we may need to add to the list of

high/low dollar
high/low oil price


huge insurance bill/payout/costs due to unfortunate loss at sister airline (FZ comes under the group umbrella does it not??)

It will not surprise me in the slightest if they announce that a share was to be paid, however due to the sad event those funds have been diverted into the pot to cover things there... in goodwill we will give you 2-4 weeks.


If we *do* get something, perhaps it would be nice if all of us could send something the way of the crew families down at FZ...

however I will believe a PS payment when it is in my account, as always...

I think everyone has been working too much, the profit share announcement has been in May for at least the last 8 years.

2013 Profit Share announced May10

Emirates Airline hits new heights with 52% rise in profit | The National

2014 Profit Share announced May8

http://www.khaleejtimes.com/business...-dh3.3-billion

2015 Profit Share announced May7

http://www.emirates247.com/business/...05-07-1.589921


Most likely there will be a few weeks yet before the announcment.

Please do not include the step increase in any pay raise look backs. It's a contractual longevity increase and should not be considered a raise. It's in my contract and has only once been denied due to extreme circumstances in 2009 even though the company had been substantially profitable that year.

Also Fly Dubai is completely separate from emirates group.

Innocent take a deep breath - go to post 28 - read second line again slowly.

I think Mach Krit has hit the nail on the head with his last line...

The lack of interest is telling...

The way we are working and low morale has taken over from the profit share talk this year...

I heard that they've limited the profit share only to employees who don't have any warnings and QMs (Quality Matters, something of a small warning sh*t from Airport Services Dept, not sure if other depts have them). More reasons for more warnings.

Heard from who?

They've got an e-mail from AS DVP stating so. Maybe it's valid only for AS dept (which is strange and discriminative if true) if you didn't get the same e-mail.

Motojet,

The profit announce had always been the last Thursday in April. The change to May is a relatively recent thing. Pay review for pilots was always done prior to the 15th May, and paid in the May pay. The change to June for that is also a new development.