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Delta pays employees more than $1 billion in profit sharing for fourth consecutive year

Delta Air Lines Airbus A330-323 N801NW (msn 524) AMS (Ton Jochems). Image: 901945.

Delta Air Linesย today will pay out more than $1 billion in profit sharing for the fourth year in a row and celebrate the outstanding accomplishments made possible by its more than 80,000 employees around the world.

Delta employees earned the $1.1 billion payout for their role in delivering record-breaking operational and customer satisfaction performance as well as strong financial performance.

โ€œThis is the fourth year in a row that Deltaโ€™s profit sharing has topped $1 billion โ€” a milestone no company in history has ever achieved,โ€ said Deltaโ€™s Chief Executive Officer Ed Bastian. โ€œDelta people are the reason for our success and Valentineโ€™s Day is our favorite day each year as we celebrate the incredible results our people have delivered.โ€

The airline has paid out more than $5 billion through its profit sharing program over the past five years. Through the program, employees share in the success they create together through hard work and a focus on the customer.

โ€œOur industry-leading profit sharing and compensation philosophy reflects a decision we made a long time ago to share in the companyโ€™s success each year with our people who make it possible,โ€ Bastian said. โ€œRather than make a one-off payment like other companies, Delta is invested in highly competitive base pay, an industry-leading annual profit sharing plan, and monthly bonuses each year when the airline performs well.โ€

This compensation approach has resulted in an 80 percent increase in total annual compensation since 2008.

Copyright Photo:ย Delta Air Lines Airbus A330-323 N801NW (msn 524) AMS (Ton Jochems). Image: 901945.

Delta Air Lines aircraft slide show (Airbus):