Delta Air Lines is giving its employees a US$1.5b reward
Delta Air Lines announced Friday that its 80,000 employees will receive US$1.5b in profit-sharing. According to the airline, this is the largest amount ever paid out in the history of profit-sharing programs. For Delta's employees, individuals will receive the equivalent of 21% of their annual compensation. Delta's profit-sharing plan is structured to so that employees are returned roughly 10% of profits, but can escalate to 20% if the company earns more than $2.5b a year. Delta is coming off of a stellar 2015 in which the company reported adjusted, pre-tax profits of $5.9b. This latest round of profit-sharing comes on the heels the $1.1b the airline paid out to employees in Feb of 2015. In total, Delta states that it has doled out a total of $4.1b in profit-sharing and other performance rewards over the past 5 years. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-02-15/sky/delta-air-lines-is-giving-its-employees-a-us-1-5b-reward
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Delta Air Lines is giving its employees a US$1.5b reward
Delta Air Lines announced Friday that its 80,000 employees will receive US$1.5b in profit-sharing. According to the airline, this is the largest amount ever paid out in the history of profit-sharing programs. For Delta's employees, individuals will receive the equivalent of 21% of their annual compensation. Delta's profit-sharing plan is structured to so that employees are returned roughly 10% of profits, but can escalate to 20% if the company earns more than $2.5b a year. Delta is coming off of a stellar 2015 in which the company reported adjusted, pre-tax profits of $5.9b. This latest round of profit-sharing comes on the heels the $1.1b the airline paid out to employees in Feb of 2015. In total, Delta states that it has doled out a total of $4.1b in profit-sharing and other performance rewards over the past 5 years. <br/>
