Delta Paying $1.4 Billion In Profit Sharing To Employees

Delta Air Lines is paying out $1.4 billion in profit sharing, more than double what it paid employees a year ago, Chris Isidore reported for CNN.

Delta is primarily a non-union company, with only about 20% of its employees being unionized, primarily its 18,500 pilots. I Photo: Delta Air Lines Facebook

The payments, which more than 100,000 Delta employees received last week, come to about 10% of their annual salary or more than a month’s pay. All Delta employees below mid-level managers participate in the program, the airline said.

The payout is up 146% from the profit-sharing payment of a year earlier, and well above the $108 million for 2021.

There was no profit-sharing for 2020 due to the record losses at the airline due to the plunge in demand for flying during the first year of the pandemic.

This is the second-largest profit-sharing payout by Delta, trailing only the record $1.6 billion it paid for 2019. That bonus was roughly equivalent to two months of pay per employee.

Delta is primarily a non-union company, with only about 20% of its employees being unionized, primarily its 18,500 pilots.

The Association of Flight Attendants has been trying to organize its flight attendants, so far without success.

Profit-sharing plans became more common in the airline industry after a series of bankruptcy filings and money-losing years, as well as consolidation in the industry earlier this century.

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