Employees of Delta Airline have earned more than $1 billion in profit sharing for their performance in 2014, Aproko247 has learnt.
This is the largest profit sharing payment in company’s history and the fifth consecutive year the airline is rewarding its workers with profit sharing.
Making remarks on the development, Delta’s Chief Executive Officer, Richard Anderson, noted that, “At Delta, we believe that people, values and culture drive our success.”
He further said, “We call it the ‘Delta Difference.’ It is essential for our employees to have an ownership stake in our business and share in the record-breaking achievements they helped create. Thank you to Delta’s 80,000 people worldwide, who made 2014 an exceptional year by taking great care of our customers.”
The 2014 payout is a record for the airline industry and among the highest for any US corporation.
According to a statement by the company, the total individual payouts will equal more than 16 per cent of employees’ eligible 2014 earnings, which equates to an average of nearly two months’ salary. In October 2014, Delta paid a 5 per cent advance on profit sharing to employees.
In addition to profit sharing, Delta’s Shared Rewards program pays out monthly bonuses for meeting corporate operational goals throughout the year.
In 2014, Delta employees earned more than $84 million in Shared Rewards as the company achieved history-making operational and financial results. Delta has paid out $2.9 billion to employees in profit sharing and Shared Rewards during the past five years.
Delta employees will be honoured for their record-breaking performance today at events held across its global network.
