Delta Air Lines employees yesterday received their portion of the company’s $1.5 billion profit sharing earned in 2015, this is the largest payout in the history of corporate profit sharing programs. Individual payouts equal more than 21 percent of employees’ eligible 2015 earnings.
Chief Executive of Delta, Richard Anderson and President Ed Bastian in a statement said, “We are often asked what makes Delta different. The difference is you. Our unique people-focused culture, built on the Rules of the Road and working together, is the advantage that none of our competitors can match.”
Employee celebrations across Delta’s global network today honour employees for their record-breaking performance. To take record-setting one step further, the airline erected a 50-foot tall greeting card at the Delta General Offices, which included the names of every Delta employee – all 80,000 of them.
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 reported a historic adjusted pre-tax profit of $5.9 billion for 2015 and had an industry-leading year in operational excellence including a total of 161 days with zero mainline cancellations and an on-time rate of 85.9 percent.
In addition to profit sharing, Delta’s Shared Rewards program pays out monthly bonuses for meeting corporate operational goals throughout the year.
In 2015, Delta employees earned more than $94.9 million in Shared Rewards as the company achieved history-making operational and financial results. Delta has paid out $4.1 billion to employees in profit sharing and Shared Rewards during the past five years.
The airline will operate on a conservative 2016 budget with the goal of maintaining a sustainable business that is committed to paying down debt, investing in its employees and rewarding customers and shareholders.