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View Full Version : Emirates 2007/08 Annual Results


Typhoonpilot
05-03-2008, 05:34 AM
EMIRATES POSTS NEW RECORD PROFITS

30 April, 2008

Group profit up 54.1% to AED 5.3 billion (US$ 1.45 billion)
Airline profit up 62.1% to AED 5 billion (US$ 1.37 billion)
Dnata marks net profit of AED 305 million (US$ 83 million)

20th consecutive year of net profit for the airline and group
Ownership to receive AED 1 billion (US$ 272.5 million) dividend
Groupís estimated contribution to Dubai economy worth AED 47 billion (US$ 12.8 billion)

DUBAI, UAE, 30th April 2008 - The Emirates Group today reported its 20th consecutive year of net profit, notching a new profit record despite soaring oil prices and challenging business conditions in the second half of its 2007-08 fiscal year.


Full article here (http://www.emirates.com/ae/english/about/news/2008/2008_04_30_EMIRATES_POSTS_NEW_RECORD_PROFITS.aspx)


Also announced a 14 week profit share for all employees.



Typhoonpilot


Typhoonpilot
05-15-2008, 08:33 PM
The 2008 Pay Review is out and it's pretty reasonable news for EK drivers.

New hire first officer basic pay will now be Dirhams 22,720/month ($6174) plus roughly $855 in flying pay (45 Dirhams per hour). Current employees also get a 3% step increase to their basic pay. So the job is now roughly $84,000/year to start. With the bonus, overtime, and step increments a second year first officer will make $100,000 this year. That's tax free as well.

Review of housing and school allowances will come in June.

This is the 4th consecutive year of more than 10% pay raise for EK pilots :)


Typhoonpilot

olympic
05-16-2008, 05:16 AM
Great News for Emirates pilots.