Easyjet make £72m profit
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MJBD and Colonel Klink,
Maybe as I'm not close enough to the discussions on T+C's my post was a bit strong, in which case I am prepared to moderate it slightly if you wish.
However, based on what I've seen and heard of the current Go and eJ T+C's I get the impression that the shape of the overall package being proposed was a pretty good compromise in most areas, whilst bearing in mind that the company simply could not take the "Highest Common Denominator" from each element of the two current packages.
I still however stand by my views that as a company we have done well, but should not be complacent. Average fares and yields are down, competition is increasing, etc. etc. We are all very fortunate to be in what (hopefully) are secure jobs, and I am very concious that the pages of PPRUNE are quite depressing at the moment with the number of airlines 'in trouble'.
Having been made redundant once (not a nice situation), I for one am prepared to put up with some of the cr@p for the sake of paying the mortgage and supporting the family in the longer term.
Maybe as I'm not close enough to the discussions on T+C's my post was a bit strong, in which case I am prepared to moderate it slightly if you wish.
However, based on what I've seen and heard of the current Go and eJ T+C's I get the impression that the shape of the overall package being proposed was a pretty good compromise in most areas, whilst bearing in mind that the company simply could not take the "Highest Common Denominator" from each element of the two current packages.
I still however stand by my views that as a company we have done well, but should not be complacent. Average fares and yields are down, competition is increasing, etc. etc. We are all very fortunate to be in what (hopefully) are secure jobs, and I am very concious that the pages of PPRUNE are quite depressing at the moment with the number of airlines 'in trouble'.
Having been made redundant once (not a nice situation), I for one am prepared to put up with some of the cr@p for the sake of paying the mortgage and supporting the family in the longer term.
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Mike Oscar;
It is that attitude, one lacking in self pride, that will encourage management in any field to trample all over you. They will push you down as low as they can or YOU allow them to.
Moving on to an enquiry. I'm a pilot not in easyjet but am a share holder. I hope for some inside local knowledge.
In the aftermath of 9/11 last February, EJ shares were low 4.00. They were a recommended buy with specialist brokers. Over the following few weeks they rose to 5.60. Seemed good advice.
Within a few months they had fallen 60% to low 2.00's. Not a word from the management!!!!!!! It could not be brushed off with a split in the shares or the general market; not 60% so soon after a buy recommendation.
While this was happening we were reading that about the chaos that was happening with the schedules. I had friends in VEX ferrying from BRS to man the pumps, and even heard of B757's helping out. This must have cost a fortune off the bottom line and is not the first costly cock-up.
At the same time the purchase of GO was announced and management awarded themselves 10m bonus. For what??
It is management's job to strengthen the business. That is what they're paid for.(I get paid not to bend aeroplanes. The bouns is long overdue. )
If management feel they deserve a bonus for doing their job, where is the penalty for screwing it up??????? (A bent areoplane = P45 for me). The success, or not, of buying GO will take at least 1 if not 2 years of full accounts to prove the case. Awarding yourself an ourageous bonus so soon is like getting the Oscar before the film is released. And gawd knows what will be up for grabs if ej buy DBA.
The troops were offered a paltry sum for 2002 and I believe it is not yet settled. They perhaps will get jam tomorrow in any employee share sale. As the share price crashed, and management saw their own massive windfall on share profit dissolve before their own eyes, and perhaps by their own hand, have they offset this and guaranteed themselves jam today, AND perhaps jam tomorrow?
I presume the 10m comes off the botom line. The troops are share holders. Do you have a voice at a share holders meeting? Surely such matters need to be agreed at such a meeting. Has anyone spoken up? And if the moral issue is so strong that pilots leave, and a/c eat concrete, what of the share price then; indeed the future of the whole airline?
Easyjet publically presented itself as a new fresh airline with a cosy family culture that did not follow the old model. I read RW's own words in ej's magazine. He said that at the core of the orange philosophy were, equality, honesty & transparency. Fine words, but where are the deeds to back them up?
I see fat cats in the shadows at ej. The old model of greed is alive and well. It all seems a damn shame.
What is really going on? There appears to be no comparison with South West, except in ticket sales. EJ procalim that they are based on SWA and that the employees of SWA have voted it one of the best compnaies in USA to work for. By inference ej is the same. From the posts on other threads this does not seem to be the case.
So will ej survive and grow, which is essential for the share price? What will the new chairman change? I suspect policies will only change with personeel changes. Do I hold/buy/sell?
It is that attitude, one lacking in self pride, that will encourage management in any field to trample all over you. They will push you down as low as they can or YOU allow them to.
Moving on to an enquiry. I'm a pilot not in easyjet but am a share holder. I hope for some inside local knowledge.
In the aftermath of 9/11 last February, EJ shares were low 4.00. They were a recommended buy with specialist brokers. Over the following few weeks they rose to 5.60. Seemed good advice.
Within a few months they had fallen 60% to low 2.00's. Not a word from the management!!!!!!! It could not be brushed off with a split in the shares or the general market; not 60% so soon after a buy recommendation.
While this was happening we were reading that about the chaos that was happening with the schedules. I had friends in VEX ferrying from BRS to man the pumps, and even heard of B757's helping out. This must have cost a fortune off the bottom line and is not the first costly cock-up.
At the same time the purchase of GO was announced and management awarded themselves 10m bonus. For what??
It is management's job to strengthen the business. That is what they're paid for.(I get paid not to bend aeroplanes. The bouns is long overdue. )
If management feel they deserve a bonus for doing their job, where is the penalty for screwing it up??????? (A bent areoplane = P45 for me). The success, or not, of buying GO will take at least 1 if not 2 years of full accounts to prove the case. Awarding yourself an ourageous bonus so soon is like getting the Oscar before the film is released. And gawd knows what will be up for grabs if ej buy DBA.
The troops were offered a paltry sum for 2002 and I believe it is not yet settled. They perhaps will get jam tomorrow in any employee share sale. As the share price crashed, and management saw their own massive windfall on share profit dissolve before their own eyes, and perhaps by their own hand, have they offset this and guaranteed themselves jam today, AND perhaps jam tomorrow?
I presume the 10m comes off the botom line. The troops are share holders. Do you have a voice at a share holders meeting? Surely such matters need to be agreed at such a meeting. Has anyone spoken up? And if the moral issue is so strong that pilots leave, and a/c eat concrete, what of the share price then; indeed the future of the whole airline?
Easyjet publically presented itself as a new fresh airline with a cosy family culture that did not follow the old model. I read RW's own words in ej's magazine. He said that at the core of the orange philosophy were, equality, honesty & transparency. Fine words, but where are the deeds to back them up?
I see fat cats in the shadows at ej. The old model of greed is alive and well. It all seems a damn shame.
What is really going on? There appears to be no comparison with South West, except in ticket sales. EJ procalim that they are based on SWA and that the employees of SWA have voted it one of the best compnaies in USA to work for. By inference ej is the same. From the posts on other threads this does not seem to be the case.
So will ej survive and grow, which is essential for the share price? What will the new chairman change? I suspect policies will only change with personeel changes. Do I hold/buy/sell?
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Mike Oscar
I too would put up with a crap deal and a crap lifestyle if it was necessary .You steady rosters are obviously in a place far far away from Luton.
The management (sic) have certainly rewarded themselves for their efforts, so why not all the employees?
The profits could have been fifteen million higher if those same people hadn't thrown away that amount during the summer fiasco.
If you think items like the removal of crew food and a 1.3% pay rise for cabin crew is fair enough after yesterdays announcements then you are in the right place. Once people take you and reheaters' advice and start leaving the effect it has on your life might make you realise why many long time easyjet employees are so pi**ed off.
Make no mistake it's just a matter of time, and yes I too have been made redundant, twice.
Reheater
The few (hundred) miserable employees are not just miserable, they're extremely pi**ed off , I predict you will be too, sooner or later . Still, maybe the excitement of flying an 'shiny new bus' will satisfy your expectations for ever.
I too would put up with a crap deal and a crap lifestyle if it was necessary .You steady rosters are obviously in a place far far away from Luton.
The management (sic) have certainly rewarded themselves for their efforts, so why not all the employees?
The profits could have been fifteen million higher if those same people hadn't thrown away that amount during the summer fiasco.
If you think items like the removal of crew food and a 1.3% pay rise for cabin crew is fair enough after yesterdays announcements then you are in the right place. Once people take you and reheaters' advice and start leaving the effect it has on your life might make you realise why many long time easyjet employees are so pi**ed off.
Make no mistake it's just a matter of time, and yes I too have been made redundant, twice.
Reheater
The few (hundred) miserable employees are not just miserable, they're extremely pi**ed off , I predict you will be too, sooner or later . Still, maybe the excitement of flying an 'shiny new bus' will satisfy your expectations for ever.
Last edited by Stan Woolley; 27th Nov 2002 at 12:06.
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Okay....I'll admit I hadn't realised the strength of feeling. From where I'm sitting I thought all was reasonable and we'd got over the disasters of the summer as far as roster stability etc. is concerned. I have misjudged.
I'm not sure the strong views on here are totally representative of the pilot group as a whole? Certainly not the significant number I've spoken to.
I still stand by much of what I said, and for me job security counts for a lot.
All comments I made were in relation to Flight Deck....I know nothing of the Cabin Crew discussions and will therefore not comment on them.
And to answer some of the above questions.....I have no say at shareholders meetings, I will see nothing of the management bonuses, etc.
I'm not sure the strong views on here are totally representative of the pilot group as a whole? Certainly not the significant number I've spoken to.
I still stand by much of what I said, and for me job security counts for a lot.
All comments I made were in relation to Flight Deck....I know nothing of the Cabin Crew discussions and will therefore not comment on them.
And to answer some of the above questions.....I have no say at shareholders meetings, I will see nothing of the management bonuses, etc.
With (very little) respect to the stock exchange, John Maynard Keynes famously said that it is not a healthy position when the supply of funds for investment becomes dependent on the activities of a casino. A good example?
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Mike Oscar,
I too have been made redundant once, and on another occasion had to resign my hard-won job as a result of industrial action, so maybe I know about what I talk. The strength of feeling is almost universal in easyJet as to the revulsion of the management and their stinking pay deal. The profits yesterday and the windfall bonus for the favored 37 who split 10 million has added fuel to the fire. It would be very unfortunate but quite possible that industrial action could take place, and this deal WILL NOT be settled by the required 10th December. The boyz in the crew rooms are seething, and so too would you if you had worked as hard as us for so little reward.
Regards,
The Colonel.
I too have been made redundant once, and on another occasion had to resign my hard-won job as a result of industrial action, so maybe I know about what I talk. The strength of feeling is almost universal in easyJet as to the revulsion of the management and their stinking pay deal. The profits yesterday and the windfall bonus for the favored 37 who split 10 million has added fuel to the fire. It would be very unfortunate but quite possible that industrial action could take place, and this deal WILL NOT be settled by the required 10th December. The boyz in the crew rooms are seething, and so too would you if you had worked as hard as us for so little reward.
Regards,
The Colonel.
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Mike,
Id stay along way from the luton crew room if I was you.
You are completely out of touch with the average easyjet tech crew or cabin crew.
If your happy with your lot then fine,but DONT lecture to the professionals please.
Try doing 7sectors without proper crew food and drinks.Its extremely dangerous.
I used to fly with arabs in the middle east who were fasting and they were not on the ball.
They were suffering from extreme fatigue and low blood sugar levels.
One chap was actually incapacitated and dragged off to hospital.
The company actually lost an airbus killing everybody on board a couple of years ago!Although I dont think the pathologist had much to inspect.
This crew food thing is a SAFETY thing.
I thought easy took SAFETY SERIOUSLY.
Stelios once said if you think safety isnt important then try an accident.
Mike keep your nose out of it.
How would you like your cosy canteen removed making you go to the terminal!
Id stay along way from the luton crew room if I was you.
You are completely out of touch with the average easyjet tech crew or cabin crew.
If your happy with your lot then fine,but DONT lecture to the professionals please.
Try doing 7sectors without proper crew food and drinks.Its extremely dangerous.
I used to fly with arabs in the middle east who were fasting and they were not on the ball.
They were suffering from extreme fatigue and low blood sugar levels.
One chap was actually incapacitated and dragged off to hospital.
The company actually lost an airbus killing everybody on board a couple of years ago!Although I dont think the pathologist had much to inspect.
This crew food thing is a SAFETY thing.
I thought easy took SAFETY SERIOUSLY.
Stelios once said if you think safety isnt important then try an accident.
Mike keep your nose out of it.
How would you like your cosy canteen removed making you go to the terminal!
Last edited by mjenkinsblackdog; 28th Nov 2002 at 09:16.
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Why do most pilot's answer a negative posting with:
"You obviously have no convictions" or words to that effect!!! Not everyone is worried about getting hot food at work. Some of us (if you can believe it) actually cook at home!
It must be nice to do a job that is also your hobby, you must be right up there with footballers. Oops, no, they get hot meals before a match!!!!!
"You obviously have no convictions" or words to that effect!!! Not everyone is worried about getting hot food at work. Some of us (if you can believe it) actually cook at home!
It must be nice to do a job that is also your hobby, you must be right up there with footballers. Oops, no, they get hot meals before a match!!!!!
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bacon torpedo:
Don't be naive; many years ago my hobby was flying. Now it's my job.
Having been relentlessly mucked about by managements, rostering departments, and crewing departments, I've accepted a screwed-up lifestyle and inconsistant work pattern. That doesn't mean to say I should accept reductions to my terms and conditions.
Of course I still enyoy the flying, and wouldn't swap for anything else.
However, I fly for money.......to spend on my hobbies!
Don't be naive; many years ago my hobby was flying. Now it's my job.
Having been relentlessly mucked about by managements, rostering departments, and crewing departments, I've accepted a screwed-up lifestyle and inconsistant work pattern. That doesn't mean to say I should accept reductions to my terms and conditions.
Of course I still enyoy the flying, and wouldn't swap for anything else.
However, I fly for money.......to spend on my hobbies!
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Mike Oscar
You said:
<I'm not sure the strong views on here are totally representative of the pilot group as a whole? Certainly not the significant number I've spoken to. >
I don't know which planet you are on, nor how many people equals 'significant'.
Colonel Klink describes perfectly the mood of the 'significant' number I've spoken to. We are very p***ed off with the 'management' and many would leave if there was a suitable escape route.
You said:
<I'm not sure the strong views on here are totally representative of the pilot group as a whole? Certainly not the significant number I've spoken to. >
I don't know which planet you are on, nor how many people equals 'significant'.
Colonel Klink describes perfectly the mood of the 'significant' number I've spoken to. We are very p***ed off with the 'management' and many would leave if there was a suitable escape route.
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Bacon: have a wee think.
Think about Airline captains and what they have been through to get there, how much money it has cost them, how secure the long term market has been over the years, and how much responsibility for lives, national security and the amount of high pressure decisions, lifestyle, working hours etc that they experience. Now: find a comparitive profession: mm; lets say, surgeon, accountant, top civil engineer or top civil servant. Now go to let`s say, a surgeon:
Dr scoggins, sir, I want you to go to work at 4.30 (in an hour by the way because you are on standby) and stand at the surgery table for 12 hours constantly operating with your patients lives at risk, and if things go wrong, another two hours or even three (total 15) and by the way with not a single break; but if you get a chance if you managed to throw in your bag a couple of unhygenic butties that would be fine, you could possibly munch them if you get a chance, but don`t blame me if you get food poisoning because we give you a 70% tax break:-
Oh and by the way, at the end of this possible 15 hour unplanned day I may ask, nay demand, you to perform the most difficult operation you have ever faced in awful conditions and if you make the slightest error at best you will be sacked and at worst many people will die!
Oh, and although the hospital has made record profits, and the hospital administrators have a fantastic canteen, a massive bonus scheme, and a completely predictable lifestyle where they can live a fruitfull and normal life, they will add to your frustrations by refusing to bring to an conclusion to a perfectly reasonable pay deal for the boys on the sharp end; possibly because they are too busy looking at decorating catalogues for thier new free house. On the backs of the ground down personnel who had to endure the hell of the summer caused by an appalling management rostering decision.
But of course, like medicine, flying is a vocation, so we put up with it. But could you imagine a surgeon doing so?
You silly wannabees should vacate this thread and let it revert to br the PROFESSIONAL pilots rumour network.
Baah.
Think about Airline captains and what they have been through to get there, how much money it has cost them, how secure the long term market has been over the years, and how much responsibility for lives, national security and the amount of high pressure decisions, lifestyle, working hours etc that they experience. Now: find a comparitive profession: mm; lets say, surgeon, accountant, top civil engineer or top civil servant. Now go to let`s say, a surgeon:
Dr scoggins, sir, I want you to go to work at 4.30 (in an hour by the way because you are on standby) and stand at the surgery table for 12 hours constantly operating with your patients lives at risk, and if things go wrong, another two hours or even three (total 15) and by the way with not a single break; but if you get a chance if you managed to throw in your bag a couple of unhygenic butties that would be fine, you could possibly munch them if you get a chance, but don`t blame me if you get food poisoning because we give you a 70% tax break:-
Oh and by the way, at the end of this possible 15 hour unplanned day I may ask, nay demand, you to perform the most difficult operation you have ever faced in awful conditions and if you make the slightest error at best you will be sacked and at worst many people will die!
Oh, and although the hospital has made record profits, and the hospital administrators have a fantastic canteen, a massive bonus scheme, and a completely predictable lifestyle where they can live a fruitfull and normal life, they will add to your frustrations by refusing to bring to an conclusion to a perfectly reasonable pay deal for the boys on the sharp end; possibly because they are too busy looking at decorating catalogues for thier new free house. On the backs of the ground down personnel who had to endure the hell of the summer caused by an appalling management rostering decision.
But of course, like medicine, flying is a vocation, so we put up with it. But could you imagine a surgeon doing so?
You silly wannabees should vacate this thread and let it revert to br the PROFESSIONAL pilots rumour network.
Baah.
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BTB, whilst I fully agree with your sentiments I had a good chuckle at the following;
How do you get your ego through the cockpit door? 
The consultant that saw a relative was working 13 hours days, the day I met him he finished at 10pm and was back in at 8am. The consultant refused to eat the food he was provided with (Alpha caterers?) and brought his own.
The surgeon that operated (more responsibility & skill than a pilot (may I dare to make such a controversial statement?
)) did two heart bypass's the day my relative had one, each taking a minimum of 4 hours plus preparation.
However maybe they weren't "top" surgeons or consultants?
Now: find a comparitive profession: mm; lets say, surgeon, accountant, top civil engineer or top civil servant. Now go to let`s say, a surgeon:
The consultant that saw a relative was working 13 hours days, the day I met him he finished at 10pm and was back in at 8am. The consultant refused to eat the food he was provided with (Alpha caterers?) and brought his own.
The surgeon that operated (more responsibility & skill than a pilot (may I dare to make such a controversial statement?
)) did two heart bypass's the day my relative had one, each taking a minimum of 4 hours plus preparation.However maybe they weren't "top" surgeons or consultants?
Last edited by Scottie; 29th Nov 2002 at 00:14.
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Scottie, You are a fool, BTB is absolutely correct and it has nothing to do with ego. Just remember, a surgeon, no matter how incompetent can only kill one person at a time through negligence.