US Airways (Phoenix) is paying out a portion of its 2011 profits to its employees. For the second year in a row, US Airways’ employees will receive profit sharing checks recognizing their contribution to the company’s full year profit. US Airways reported a $111 million profit for 2011. The payout to eligible employees totals more than $12 million.
In addition to this profit sharing payouts, employees earned more than $13 million in operational incentive bonuses over the past year, bringing the total in recognition payouts for US Airways employees to more than $25 million in 2011.
In addition to sharing in the Company’s 2011 profitable results, all employees earned an additional $13 million in payouts from the airline’s Triple Play incentive plan. On average each employee received $350 in total Triple Play payouts for seven first place rankings in 2011 among the “Big Five” network carriers in the monthly U.S. Department of Transportation’s (DOT) Air Travel Consumer Report in any of three metrics; baggage handling, on-time performance and customer service.
According the airline, in 2011 more than 1,400 US Airways employees were recognized by customers and co-workers for their extraordinary efforts through two other employee-recognition programs: the quarterly Above & Beyond awards and the annual Chairman Award program. Combined, those programs awarded employees more than $1 million.
Copyright Photo: Jay Selman.
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