TEMPE, Ariz., March 14, 2012 /PRNewswire/ -- For the second year in a row, US Airways' (NYSE: LCC) employees will receive profit sharing checks recognizing their contribution to the Company's full year profit. US Airways reported a $111 million profit for 2011. Today's payout to eligible employees totals more than $12 million.
In addition to today's profit sharing payouts, employees earned more than $13 million in operational incentive bonuses over the past year, bringing the total in recognition payouts for US Airways employees to more than $25 million in 2011.
US Airways' Chairman and Chief Executive Officer, Doug Parker said, "Despite high fuel prices throughout the year, our US Airways team delivered outstanding results that resulted in a profit for the second year running. I'm pleased that our team is sharing in that success. US Airways employees took exceptional care of our customers and are already breaking company records this year for on-time performance, highest completion factor and lowest mishandled baggage ratio."
In addition to sharing in the Company's 2011 profitable results, all employees earned an additional $13 million in payouts from the airline's Triple Play incentive plan. On average each employee received $350 in total Triple Play payouts for seven first place rankings in 2011 among the "Big Five" network carriers in the monthly U.S. Department of Transportation's (DOT) Air Travel Consumer Report in any of three metrics; baggage handling, on-time performance and customer service.
In 2011 more than 1,400 US Airways employees were recognized by customers and co-workers for their extraordinary efforts through two other employee-recognition programs: the quarterly Above & Beyond awards and the annual Chairman Award program. Combined, those programs awarded employees more than $1 million.
"In 2011, more than 67,000 US Airways customers recognized exceptional customer service and gave our employees award coupons at airports worldwide and onboard our airplanes to thank them on the spot for a job well done. I'd like to thank those customers and the thousands of other customers who sent us complimentary letters about employees. We are extremely proud of our team and we appreciate you taking the time to recognize them," Parker said.
About US Airways
US Airways, along with US Airways Shuttle and US Airways Express, operates more than 3,200 flights per day and serves more than 200 communities in the U.S., Canada, Mexico, Europe, the Middle East, the Caribbean, Central and South America. The airline employs more than 32,000 aviation professionals worldwide and is a member of the Star Alliance network, which offers its customers more than 21,000 daily flights to 1,290 airports in 189 countries. Together with its US Airways Express partners, the airline serves approximately 80 million passengers each year and operates hubs in Charlotte, N.C., Philadelphia and Phoenix, and a focus city in Washington, D.C. at Ronald Reagan Washington National Airport. US Airways was the only airline included as one of the 50 best companies to work for in the U.S. by LATINA Style magazine's 50 Report for 2010 and 2011. The airline also earned a 100 percent rating on the Human Rights Campaign Corporate Equality index for six consecutive years. The Corporate Equality index is a leading indicator of companies' attitudes and policies toward lesbian, gay, bisexual and transgender employees and customers. US Airways also ranked #1 among its competing hub-and-spoke network carriers for 2010 performance as rated by the Wichita State University/Purdue University Airline Quality Rating (AQR). For more company information visit usairways.com, follow on Twitter @USAirways or at Facebook.com/USAirways. (LCCG)
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