SEATTLE, Jan. 22, 2016 /PRNewswire/ -- Following
Thursday's record fourth quarter and full-year earnings
announcement, employees at Alaska Airlines and Horizon Air today
are receiving bonuses of more than nine percent of their annual
pay, or nearly five weeks additional pay, for most workers. For the
past seven years, employees have received an average annual bonus
equal to approximately one month's pay.
The company's annual bonus, called Performance Based Pay (PBP),
is determined by meeting or exceeding specific company-wide goals
for safety, customer satisfaction, cost control and profit. The PBP
bonus is in addition to the approximately $1,100 in 2015 operational bonuses that most
employees earned for achieving monthly on-time and customer
satisfaction goals. The combined monthly and annual 2015 bonuses,
paid to employees, totals $120
million.
"Our hardworking employees go beyond every day to
deliver an outstanding on-time and hassle-free experience for
our customers," said Tammy Young, vice president of human
resources. "We're thrilled to make the same commitment to them with
a prompt delivery of their well-earned annual bonus."
Nearly $56 million in annual
bonuses — 57 percent of the total — is being paid to Alaska and Horizon employees in the Puget
Sound area. Another $14 million is
being paid to employees in the Portland,
Oregon area, while $8 million
is going to employees throughout the state of Alaska.
Alaska Airlines, a subsidiary of Alaska Air Group (NYSE: ALK),
together with its partner regional airlines, serves more than 100
cities through an expansive network in the United States, Canada, Mexico and Costa
Rica. Alaska Airlines ranked "Highest in Customer
Satisfaction Among Traditional Carriers in North America" in the J.D. Power North America
Airline Satisfaction Study for eight consecutive years from 2008 to
2015. Alaska Airlines' Mileage Plan also ranked "Highest in
Customer Satisfaction with Airline Loyalty Rewards Programs" in the
J.D. Power 2014 and 2015 Airline Loyalty/Rewards Program
Satisfaction Report. For reservations, visit www.alaskaair.com. For
more news and information, visit the Alaska Airlines Newsroom at
www.alaskaair.com/newsroom.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/alaska-airlines-and-horizon-air-employees-receive-nearly-five-weeks-extra-pay-in-bonuses-300208165.html
SOURCE Alaska Air Group