ATLANTA, Feb. 13, 2017 /PRNewswire/ -- Delta Air
Lines (NYSE: DAL) on Feb. 14 will pay
out more than $1 billion in profit
sharing for the third year in a row and celebrate the outstanding
accomplishments made possible by its more than 80,000 employees
around the world.
Delta employees earned the $1.1
billion payout for their role in delivering record-breaking
operational, financial and customer satisfaction performance.
"No other company and certainly no other airline has ever shared
$1 billion in profits with its
employees," said Delta's Chief Executive Officer Ed Bastian. "We are so proud and excited to
celebrate on Feb. 14 with all Delta
people worldwide, who serve our customers and run the most reliable
airline operation in the world."
The airline has paid out nearly $5
billion through its profit sharing program over the past
five years. Through the program, employees share in the success
they create together through hard work and a focus on the
customer.
Delta employees will be honored for their record-breaking
performance on Feb. 14 at events held
across its global network. The airline also thanked employees with
ad placements in U.S. newspapers, including The New York Times, Los Angeles
Times and The Atlanta Journal-Constitution, among
others.
Delta's profit sharing payouts will have an even bigger impact
on local communities than the numbers suggest because of what
economists call "the multiplier effect."
For example, in metro Atlanta,
where Delta will pay its more than 32,000 employees more than
$392 million, the economic impact
will actually be more than double: an estimated $957 million, according to a local economist.
In addition to profit sharing, Delta's Shared Rewards program
pays out monthly bonuses for meeting corporate operational goals
throughout the year. In 2016, Delta employees earned more than
$90 million in Shared Rewards as the
company achieved history-making operational and financial
results.
Employees will also receive a 6 percent raise in base pay in
April, resulting in a total pay rate increase of 25 percent in two
years.
About Delta
Delta Air Lines serves more than 180 million customers each
year. In 2016, Delta was named to Fortune's top 50 Most Admired
Companies in addition to being named the most admired airline for
the fifth time in six years. Additionally, Delta has ranked No.1 in
the Business Travel News Annual Airline survey for an unprecedented
six consecutive years. With an industry-leading global network,
Delta and the Delta Connection carriers offer service to 323
destinations in 57 countries on six continents. Headquartered in
Atlanta, Delta employs more than
80,000 employees worldwide and operates a mainline fleet of more
than 800 aircraft. The airline is a founding member of the SkyTeam
global alliance and participates in the industry's leading
transatlantic joint venture with Air France-KLM and Alitalia
as well as a joint venture with Virgin Atlantic. Including its
worldwide alliance partners, Delta offers customers more than
15,000 daily flights, with key hubs and markets including
Amsterdam, Atlanta, Boston, Detroit, Los Angeles, Minneapolis/St.
Paul, New York-JFK and LaGuardia, London-Heathrow, Paris-Charles de
Gaulle, Salt Lake City, Seattle and Tokyo-Narita. Delta has
invested billions of dollars in airport facilities, global products
and services, and technology to enhance the customer experience in
the air and on the ground. Additional information is available on
the Delta News Hub, as well as delta.com, Twitter @DeltaNewsHub,
Google.com/+Delta, and Facebook.com/delta.
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SOURCE Delta Air Lines