Alaska Airlines and Horizon Air employees receive $54 Million in 2011 annual bonuses

Alaska Air Group (Seattle/Tacoma) paid annual bonuses totaling $53.8 million today to nearly all of its 12,800 employees for exceeding the company’s 2011 operational and financial goals. The bonus of about 6.7 percent of annual pay, or more than three weeks pay for most workers, is in addition to $1,000 in bonuses, on average, that each employee earned last year for achieving monthly on-time and customer satisfaction targets. The combined monthly and annual bonuses amounted to nearly $72 million.

Nearly $33 million in annual bonuses — 61 percent of the total — is being paid to some 6,300 Alaska Airlines and Horizon Air employees in the Puget Sound area. Another $7.6 million is being paid to employees in the Portland, Ore., area while $5.3 million is going to workers throughout the state of Alaska.

Bonuses in Alaska Air Group’s Performance Based Pay Plan are determined by meeting specific company-wide goals for safety, customer satisfaction, cost control and profit that are approved annually by the board of directors. Annual bonuses have averaged 5 percent since the plan was formed in 2003.

Copyright Photo: Michael B. Ing.

Alaska Slide Show: CLICK HERE

Alaska Horizon Slide Show: CLICK HERE

Horizon Slide Show: CLICK HERE