Delta: how ethical management treat their employees
Delta Air Lines is giving its employees a $1.5 billion reward
Delta Air Lines announced on Friday that its 80,000 employees will receive $1.5 billion in profit-sharing.
According to the airline, this is the largest amount ever paid out in the history of profit-sharing programs.
For Delta's employees, individuals will receive the equivalent of 21% of their annual compensation.
"We are often asked what makes Delta different,” Delta CEO Richard Anderson and President Ed Bastian said in a memo to employees.
"The difference is you. Our unique people-focused culture is the advantage that none of our competitors can match."
According to AirwaysNews, Delta's profit-sharing plan is structured to so that employees are returned roughly 10% of profits, but can escalate to 20% if the company earns more than $2.5 billion a year.
Delta is coming off of a stellar 2015 in which the company reported adjusted, pre-tax profits of $5.9 billion.
This latest round of profit-sharing comes on the heels the $1.1 billion the airline paid out to employees in February of 2015.
In total, Delta states that it has doled out a total of $4.1 billion in profit-sharing and other performance rewards over the past five years.