by: @Samaya.Rn
On February 14th, Delta is scheduled to pay out $1.6 billion in profit-sharing bonuses to its employees.
The profit-sharing plan began in 2012 after Delta merged with Northwest Airlines. Delta’s CEO, Ed Bastian, explained the bonus in a statement, saying, “2019 was a truly outstanding year on all fronts- the best in Delta’s history operationally, financially and for our customers. Our people and their commitment to bringing best-in-class travel experiences to our 200 million customers are the foundation for our success.”
This is reportedly the sixth year in a row Delta has paid out more than $1 billion to workers. But, this year’s payout sets a record.
Profit-sharing is when a company totals all employee compensation by the gross total to determine that employee bonus.
The bonus is consecutive with other employee benefits Delta offers, and employees will receive a bonus regardless of their employment type.
“As we enter 2020, demand for travel is healthy, and our brand preference is growing, positioning Delta to deliver another year of strong results, including earnings per share of $6.75 to $7.75,” Bastian added.
In 2018, a survey conducted by the National Opinion Research Center at the University of Chicago showed, 38% of adult American workers reported receiving cash profit-sharing.
Delta banked $47 billion in total revenue in 2019.
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