Delta Air Lines 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.