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Delta Air Lines announces $1.4 billion employee profit-sharing payout

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Delta Air Lines announces $1.4 billion employee profit-sharing payout
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Narayanan Krishnakumar, Chief Technology Officer | Delta Air Lines

Delta Air Lines has announced that its employees will receive $1.4 billion as part of the airline's profit-sharing initiative for 2024. This payout coincides with Delta's centennial anniversary and highlights the company's appreciation for its workforce.

On February 14, known as Profit Sharing Day, eligible Delta employees will receive a payout estimated at 10% of their eligible earnings, translating to an average of five weeks' additional pay. CEO Ed Bastian stated, "Every day, Delta people prove themselves to be difference makers in this industry. I’m proud to recognize their unmatched professionalism, teamwork and dedication to excellence with one of our strongest profit sharing years in Delta’s history."

Profit sharing is a fundamental aspect of Delta's values and is considered a crucial component of its commitment to providing industry-leading total compensation for exceptional performance. Over the past decade, Delta has distributed more than $10 billion in profit sharing among its employees.

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The company also invests in its workforce through various initiatives beyond profit sharing. These include competitive base pay with annual increases, monthly Shared Rewards for meeting operational goals, free financial coaching with potential earnings up to $1,000, and significant contributions to 401(k) retirement savings plans.

Delta has consistently been recognized for excellence in operational performance, customer experience, and workplace culture. Recently, it was named North America’s most on-time airline for the fourth consecutive year.

Chief People Officer Allison Ausband commented on the significance of this year's profit-sharing payout: “This year’s profit sharing payout is a testament to the hard work of Delta people. They recognize that our commitment to safety and world-class service builds trust with our customers – who in turn reward Delta with their loyalty.”

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