Delta Employees Earn $506 Million in Profit Sharing for 2013 Performance
Fourth consecutive year airline pays profit sharing
$598 million combined total for profit sharing and operational performance incentives in 2013
ATLANTA, Feb. 14, 2014 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today will pay its employees more than a half-billion dollars in earned profit sharing – the highest payout in company history – in recognition for their industry-leading performance in 2013. Employees' individual payouts will equal 8.26 percent of their eligible 2013 earnings.
"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," said Delta CEO Richard Anderson. "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 shareowners to succeed."
Along with base pay, Delta provides employees with additional compensation elements like profit sharing, designed to allow employees to earn more when the company performs well. Additionally, Delta employees can earn monthly bonuses for meeting corporate operational goals throughout the year, known as Shared Rewards.
In 2013, Delta employees help achieve the corporate financial and operational goals earning $91.7 million in Shared Rewards, which, combined with profit sharing, totals $598 million in bonus performance pay for the year. Delta has paid out nearly $1.7 billion in profit sharing and Shared Rewards during the past four years.
Today, hundreds of employee celebrations are happening at Delta facilities across its global network.
Delta Air Lines serves nearly 165 million customers each year. This year, Delta was named the 2014 Airline of the Year by Air Transport World magazine, marking the first time in a decade that a North American-based carrier has earned the distinction. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 322 destinations in 59 countries on six continents. Headquartered in Atlanta, Delta employs nearly 80,000 employees worldwide and operates a mainline fleet of more than 700 aircraft. The airline is a founding member of the SkyTeam global alliance and participates in the industry's leading trans-Atlantic joint venture with Air France-KLM and Alitalia as well as a newly formed joint venture with Virgin Atlantic. Including its worldwide alliance partners, Delta offers customers more than 15,000 daily flights, with hubs in Amsterdam, Atlanta, Cincinnati, Detroit, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City and Tokyo-Narita. Delta has invested billions of dollars in airport facilities and global products, services and technology to enhance the customer experience in the air and on the ground. Additional information is available on delta.com, Twitter @Delta, Google.com/+Delta, Facebook.com/delta and Delta's blog takingoff.delta.com.
SOURCE Delta Air Lines