Delta Employees Earn $372 Million in Profit Sharing for 2012 Performance
Third consecutive year airline pays profit sharing; $949 million in total
Profit sharing and operational performance incentives total $463.2 million in additional performance pay for 2012
ATLANTA, Feb. 13, 2013 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) tomorrow will pay $372 million in earned profit sharing as part of the company's commitment to recognize its 80,000 employees for their crucial role in achieving financial and operational goals in 2012. Employees' individual payouts will equal 6.67 percent of their eligible 2012 earnings.
"This year's profit sharing payment is a reflection of the hard work and dedication Delta people have shown in delivering what our customers have come to expect – great operations and service," said Delta CEO Richard Anderson. "Profit sharing is not only a demonstration of appreciation for employees' hard work in 2012, it's an investment in improving our customer experience on Delta now and in the future."
Along with base pay, Delta's additional compensation elements like the Delta Annual Profit Sharing Plan and "Shared Rewards" program, which pays monthly bonuses for meeting corporate operational goals, are designed to allow employees to earn more when the company performs well. In 2012, Delta employees earned $91 million in "Shared Rewards," which, combined with profit sharing, results in a total of $463 million in performance pay for 2012. The company has paid out more than $1.1 billion in profit sharing and "Shared Rewards" over the past three years.
Delta Air Lines serves more than 160 million customers each year. During the past year, Delta won 33 airline industry awards sweeping the major corporate travel surveys including Business Travel News, Travel Weekly, TravelAge West, Recommend Magazine and The Beat. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 319 destinations in 59 countries on six continents. Headquartered in Atlanta, Delta employs 80,000 employees worldwide and operates a mainline fleet of more than 700 aircraft. A founding member of the SkyTeam global alliance, Delta participates in the industry's leading trans-Atlantic joint venture with Air France-KLM and Alitalia. Including its worldwide alliance partners, Delta offers customers more than 13,000 daily flights, with hubs in Amsterdam, Atlanta, Cincinnati, Detroit, Memphis, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City and Tokyo-Narita. The airline's service includes the SkyMiles frequent flier program, a world-class airline loyalty program; the award-winning BusinessElite service; and more than 50 Delta Sky Clubs in airports worldwide. Delta is investing more than $3 billion in airport facilities and global products, services and technology to enhance the customer experience in the air and on the ground. Customers can check in for flights, print boarding passes, check bags and review flight status at delta.com.
SOURCE Delta Air Lines