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Well deserved bonus fellas. Enjoy!
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DUBAI, May 11 (Reuters) - Dubai's Emirates Group on Thursday said financial year 2022-23 had been its most profitable so far, reporting an annual profit of 10.9 billion dirhams ($3 billion) and a group revenue increase of 81% to $33 billion.
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24 weeks...
at least the halfpay period has been corrected. |
and this make the rosters any less fatiguing? Management any less punitive? Wake up...
Back to work.... |
An absolutely exceptional set of results, in every sense. Anybody tempted to join now because they beleive that will ever be repeated is in for a big disappointment, although I'm sure the recruitment team will be spinning the numbers like a frisbee. A large number of employees who have contributed to that profit have been in the company less than a year (in many cases less than 6 months) and so aren't eligible for the full amount - that leaves more to spread around among the rest. Next year the target is higher and there will be more eligible employees, so don't get your hopes up that this is the start of a new trend.
And at the risk of sounding like a miserable old git, 24 weeks doesn't even pay me back for the unpaid leave I was forced to take during Covid. So yes, it's nice to have, but I'm only clapping with one hand. As VC10L1011 said, keep rowing. |
Have historic profit share amounts ever been this good?
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Previous best was, if I remember correctly, 19 weeks - that was many, many years ago and we haven't been into double figures for ages.
As I said, an exceptional year and an exceptional set of results. Don't expect it to be repeated. |
celebrate your big win and please forget about those who have lost everything
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Pardon my ignorance but why is it unlikely a profit share of this level would be seen again? I turned down a job offer from EK a couple of months ago and I’m kicking myself now after seeing this profit share 🤦🏻♂️
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Originally Posted by GearDownF15
(Post 11433434)
Pardon my ignorance but why is it unlikely a profit share of this level would be seen again? I turned down a job offer from EK a couple of months ago and I’m kicking myself now after seeing this profit share 🤦🏻♂️
22-23 saw the airline enjoy a post-COVID boom with many parts of the east finally opening their borders. But are higher fares and fuller flights sustainable? The profit target for next year has been set higher than what has just been reported. |
Great. For all the stuff that happened during COVID. Too bad it took so many people made “Redundant”. It will be some of years to see some profit share again. Remember they adjust it so they don’t give you their money. Hope they get a good raise or at least respect the steps they didn’t give previously.
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Originally Posted by GearDownF15
(Post 11433434)
Pardon my ignorance but why is it unlikely a profit share of this level would be seen again? I turned down a job offer from EK a couple of months ago and I’m kicking myself now after seeing this profit share 🤦🏻♂️
after sacking roughly 1400 a380 pilots and having taken back a few of them plus an addtional new joiners, they count all as newbies, therefore they don’t count for the bonus. Especially the rejoiners, have been set to a lower salary at rejoining, they may had 10 years plus in the company, but because of the rejoining the count as new joiners - so no bonus for roughly 1500 pilots out of 3500, leaves a bigger share for the survivors. next year they count and on top the set target by finance department is set way higher which will be hard to achieve. This was just given to slow down people resigning. |
Originally Posted by A6EAA
(Post 11433528)
Great. For all the stuff that happened during COVID. Too bad it took so many people made “Redundant”. It will be some of years to see some profit share again. Remember they adjust it so they don’t give you their money. Hope they get a good raise or at least respect the steps they didn’t give previously.
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Does anybody know if you get put on some sort of blacklist if you turn down a job offer from them?
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Originally Posted by flyTheBigFatLady
(Post 11433535)
if I right the profit share goes all employees who are there for more than a year only
after sacking roughly 1400 a380 pilots and having taken back a few of them plus an addtional new joiners, they count all as newbies, therefore they don’t count for the bonus. Especially the rejoiners, have been set to a lower salary at rejoining, they may had 10 years plus in the company, but because of the rejoining the count as new joiners - so no bonus for roughly 1500 pilots out of 3500, leaves a bigger share for the survivors. next year they count and on top the set target by finance department is set way higher which will be hard to achieve. This was just given to slow down people resigning. |
Originally Posted by Kennytheking
(Post 11433538)
You need 6 months in company to be eligible for profit share. Pilots that were made redundant and rejoined, are all on the same salary that they left on, not on lower salaries.
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Great results (always not audited) but never forget even after 30 consecutive years of profit they were the first to sent employees home . Smoke and mirrors.
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Always good to see a different and honest perspective. Up the toon
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Originally Posted by Kennytheking
(Post 11433538)
You need 6 months in company to be eligible for profit share. Pilots that were made redundant and rejoined, are all on the same salary that they left on, not on lower salaries.
the TnC letter with the rejoin applic came with all rejoiners are back to basic salary 1 |
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