This blaming of the Emirati cadets for future accidents that might or might not happen is getting a bit stupid. From my experience, the Emirati's that chose to become aircrew are there because they have a passion for it and they know there stuff. I have yet to fly with one sub standard local FO, while i cant say the same for expat FO's. Yes we all know the training isnt the best in the ME but that doesnt mean they cant do the job well.

EK - The Present Situation
 

It would be an understatement to say our former colleagues on the 380 have been treated unfairly. That much said for the fortunate (or unfortunate, depending on your view) who remain the present situation on the line and with our managers leaves much to be discussed.

The main point of this thread is to move ahead with the present situation on the the line and in the office. We are currently employed in a country that is not our own, and we have undergone a paradigm shift. Although not all, many of us came for stability, on which the company has defaulted on through no fault of their own. Their actions in managing the crisis were wrong, in no uncertain terms. The use of KPI's was discriminatory towards women, towards age, and those who were unwell.

What I am currently seeing on the line:
A horribly unfair balance of workload. Some people are doing nothing, others are flat out. Despite their words, fleet does nothing to work on this issue.
A complete lack of ability to control your roster every way. The preliminary reintroduction of the standing bid is nothing more than an attempt to manipulate those less aware into thinking that we are making progress. The rostering has been an abject failure to lead from the SVP down. There can be no doubt we are the industry leader here.
Leave being stolen from the most vulnerable among us, the 380 pilots.
Recent terminations due to operational failures on the line with a complete lack of transparency.
Pilots reporting for duty with a questionable level of wellness.
KPI's being used to assess and rank pilots, with meetings to counsel those at the bottom of the rankings.

There will certainly be responses from those who say "how dare you complain" I accept that and acknowledge their frustration.

The reality though remains that we are moving ahead. The company has just posted losses around 6 billion USD. There has been steady stream of "rats off the ship", however for those of us that remain we must stay on the deck. Are we playing with the band, or can the ship be saved? If so, what will the live aboard conditions be like? As of right now, the way I see them, they are untenable.

Only 22billion …

https://gulfnews.com/business/aviati....1623737441288

Not unexpected. Airline operation loss 20 bil vs 1 bil profit 2019/20. The airline was never the huge profit generator but seems to be capable of producing huge losses. Now we will see how committed Dubai is to aiding in The EK recovery. Of interest was Ahmed's comment "patchy recovery" , do you think that indicates that things will be slower than STC claims ?

Has Sheik A - posted that loss on the portal at EK? ie is it official or is it a guesstimate from Gulf News. Any statement been issued from the company to staff?

Full results available on the Emirates website. As for any statement to staff...no idea!

Capn Rex Havoc

Email from Sheikh Ahmed on company email to all staff yesterday!

So, how many weeks?

Welcome to the forum and thanks for sharing what many of us think.

We need more contributors like you.

Yup the problem was the epaulettes...... absolutely ridiculous.... talk about ego in the extreme, same as TCAS wearing 4 stripes in an EK uniform yet never being an actual EK Captain (perhaps before some of you guys’ times), it’s as if it’s a mental disorder. More power those newfound butchers for shifting and finding a niche in another industry, but their title and rank does not carry over, don’t wear 4 stripes FFS, let this be a lesson everyone to be thankful of what you have while you have it, no matter how high you get in life, take the job seriously by all means but don’t ever take yourself too seriously cause none of us gets out of all this alive.

Reality is, it’s a sinking ship. Writing is on the wall.
Will be a shadow of its former self going forward.

22.1 billion dirham loss effectively wipes out decades of profit.
Really wording times for the guys still there. The nightmare continue.

nervous_novice

Why do you have the “I’m new here” badge? You’ve been writing rubbish on here for months.

Put him on the ignore list , it feels good!

EK’s finances may not look pretty, but have a look at the Financial Times for 16th June (Lex column, back page, and read the article about Lufthansa. I’m unable to post a link, but here are some extracts.
”Last summer, a €9 billion government bailout was approved by shareholders. This years net debt including pension obligations should hit €18.6 billion”
”Lufthansa expects to cut €3.5 billion of non fuel overheads, roughly 8 per cent. This depends on reducing staff costs by 20 per cent from from 2019 levels, to which Unions have agreed”.

EK is not unique in its current situation. Hopefully things will improve quickly.

nimrodjoe

Well, Air France-KLM has declared a similar loss, Lufthansa has lost more, Cathay has lost 3 bln USD, BA has already lost 1.2 bln in the first quarter of this year. As a matter of fact, most of the airlines are bleeding money at the moment (if not all). I agree, it is a huge loss and EK will change forever, but it cant go bankrupt unless Dubai goes bankrupt (and its not going to happen). The 777X order is still intact. They might opt for more 787s option, but the number of airframes wont change.

The 777X was invisioned to replace the 380 , the infamous statement " give me an AC that can do the US west coast with 400 Pax unrestricted and I'll buy 100 ". But currently in a tight situation with parked AC and low on cash . EK support to Dubai ? More brand than dollars . Dubai debt is huge and struggling to service it . We used to joke about Dubai turning back to sand in 20 years .

Disagree.
They seemed to have done a pretty good job at renegotiaing their loans and at lower interest rates then before. Have plenty of cash to service them.
The return on initial investment has been pretty good and the contribution to Dubai has been immense outside the dividends the government has received.

Did you actually read the financials or just shooting from the hip?? Yeah they had an injection of $10bAED but so has nearly every major airline in the world. Does a insolvent company have an average interest rate of 3.8% for loans (down from 4.3% the previous year)? Doesn't appear to me as a company in dire straits but what would i know, I only have a BCom in Finance.

I'd be curious to know what Financial and/or Planning Strategy you would recommend, Nervous Novice? It may well be the case that you're an expert in airline economics, finance and fleet/network planning, so maybe you could enlighten us and Airline bosses all around the globe with your wisdom? What would you do differently that airlines like LH/AF KLM/BA/UA/DL/AA/CX etc and others have missed? You may just be the saviour of the industry...........