More than 100,000 American Airlines employees will begin sharing in the company's profits in 2017, executives announced in a letter to employees Wednesday.
Employees below certain management-level positions will receive a cut of 5 percent of pre-tax profits starting with the airline's 2016 annual earnings, according to the letter.
American Airlines earned a record profit of $7.6 billion in 2015, the company announced earlier this year.
Earlier this year, Southwest Airlines announced more than 47,400 workers would receive a record $620 million in profit-sharing, or an average of $13,080 per worker, in contributions to employee retirement accounts for the company's 2015 performance. Chicago-based United said its workers earned a record $698 million in profit-sharing for 2015.
Cathay employees shared 1.7 percent of the profit...
Last edited by Oval3Holer; 25th Mar 2016 at 03:35.
Reason: To add the Cathay profit sharing percentage