facebook
twitter
rss
account
search
search

Delta pays out highest-ever profit-sharing to employees

Feb. 17, 2014 at 1:45 PM   |   Comments

ATLANTA, Feb. 17 (UPI) -- Employees of Atlanta-based Delta Air Lines learned Monday they will receive more than a half-billion dollars in profit-sharing, the highest in Delta's history.

"Thank you to Delta's nearly 80,000 people worldwide who made 2013 a banner year for Delta through the strong work ethic and values they demonstrate every day," Delta Chief Executive Officer Richard Anderson said in a news release. "This year's profit-sharing payment is a reflection of their hard work and of our conviction that if we take care of our employees, they take care of our customers and that enables our share-owners to succeed."

Last year, Delta employees earned $91.7 million in bonuses and another $506.3 million in profit sharing, for $598 million in bonus performance pay, the company said. Delta said it has paid employees $1.7 billion in combined profit-sharing and monthly bonuses during the past four years.

Employees' individual payouts will equal 8.26 percent of their eligible 2013 earnings, the airline said.

The (Minneapolis) Star Tribune reported Delta earned $10.5 billion in 2013 on revenue of $37.8 billion.

© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
Trending News
Video
x
Feedback