Emirates 2007/08 Annual Results
05-03-2008, 05:34 AM
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Gets Weekends Off
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Joined APC: Aug 2005
Position: tri current
Posts: 1,485
Emirates 2007/08 Annual Results
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
Group’s 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
Also announced a 14 week profit share for all employees.
Typhoonpilot
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
Group’s 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
Also announced a 14 week profit share for all employees.
Typhoonpilot
05-15-2008, 08:33 PM
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Gets Weekends Off
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Joined APC: Aug 2005
Position: tri current
Posts: 1,485
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
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
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