- Delta Air Lines announced that its 80,000 employees will receive $1.1 billion in profit sharing.
- Over the past 5 years, Delta employees have earned more than $5 billion in profit sharing.
- In January, Delta reported $3.6 billion in total profits for 2017
For the fourth year in a row, Delta Air Lines employees have earned more than $1 billion in profit sharing. The Atlanta-based airline announced on Wednesday that its 80,000 employees will receive $1.1 billion for their exemplary work in 2017.
“This is the fourth year in a row that Delta’s profit sharing has topped $1 billion – a milestone no company in history has ever achieved,” the airline’s CEO Ed Bastian said in a statement. “Delta people are the reason for our success and Valentine’s Day is our favorite day each year as we celebrate the incredible results our people have delivered.”
The airline has paid out more than $5 billion in profit sharing over the past half decade.
In January, Delta reported $3.6 billion in profits for 2017, down 18% from the $4.4 billion the airline made in 2016.
According to Delta, total annual compensation at the airline has increased by 80% since 2008. This includes a 6% raise in base pay in 2017 and an 18.5% raise in 2015.
Delta isn’t the only airline sharing the wealth with its employees. United Airlines employees earned $349 million in profit sharing for 2017. American Airlines staff earned $241 million. Southwest employees earned $543 million. While Alaska Airlines staff – including Virgin America and Horizon Air – will get a $118 million annual performance bonus.