Delta people earn over $500M in profit sharing

posted on 13th January 2023 by Eddie Saunders
Delta people earn over $500M in profit sharing

Delta announced Friday that its 90,000 employees would again be honored and rewarded this Valentine’s Day with meaningful profit sharing — over $500 million — for the first time since 2019.

Those payments will hit employees’ bank accounts on Feb. 14, also known as Employee Appreciation Day, and celebrate the outstanding accomplishments made possible by Delta people worldwide.

“Delta people rose to the challenges of 2022, delivering industry-leading operational reliability and financial performance, and I’m looking forward to recognizing their achievements,” Delta CEO Ed Bastian said in the company’s earnings report Friday.

Since 2007, Delta has rewarded employees with industry-leading profit-sharing payments: more than $9.2 billion since 2010 (including nearly $6 billion in the five years leading up to the pandemic).

Delta’s 2019 employee profit-sharing payout was $1.6 billion equaling 16.6% of our employees’ earnings – or nearly two months of additional pay for each employee.

Delta funds the annual profit-sharing pool with 10% of the first $2.5 billion of profits and 20% of profits in excess of $2.5 billion.

The pool amount is then divided by the total earnings of all eligible employees.

The result is the percentage of earnings Delta will pay out in profit sharing to each eligible employee.