Delta to give workers two months’ extra pay, a total of $1.6 billion in bonuses

Delta to give workers two months’ extra pay, a total of $1.6 billion in bonuses
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The airline is giving its 90,000 employees its largest profit-sharing payout to date.

Delta Air Lines employees are going to be feeling the love on Valentine’s Day this year.

The airline’s CEO announced Monday that Delta will pay out a record $1.6 billion in profit sharing to its employees next month.

The bonus payment to the Atlanta-based company’s 90,000 employees on Feb. 14 will be equivalent to about two months’ salary, Delta CEO Ed Bastian said at a Cobb Chamber event Monday, according to the Atlanta Journal-Constitution.

This is the sixth straight year that Delta has paid out profit-sharing bonuses of more tan $1 billion, and this year’s total surpasses the record of $1.5 billion in 2016 that Delta paid out.

Delta was recently ranked the No. 1 airline in the U.S. by The Wall Street Journal, and was listed as No. 1 in the major airline category in TripAdvisor’s 2019 Travelers’ Choice Awards.

While other companies also engage in profit-sharing with employees, Delta said it pays out way more than the average company. The $1.5 billion in 2016 was the largest profit-sharing payout in corporate history, according to Delta.

“For years, I would get beaten up by Wall Street. They thought the profits were theirs, and ‘Why are you giving the profits away to the employees?’” Bastian said at Monday’s event. “Wall Street has actually come full circle, and they realize that Delta is the most awarded airline in the world because of its employees.”

Source: NBC News

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