Delta Gives Employess 1.1 Billion USD Profit Share
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Delta Gives Employess 1.1 Billion USD Profit Share
http://finance.yahoo.com/news/delta-...140000214.html
"industry leading performance"
"two months salary"
"industry leading performance"
"two months salary"
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Wow! And that's in a country with taxes and unions and no slave labour!*
Imagine how profitable DAL could be in a manager's paradise like Dubai!
(*Anymore.)
Imagine how profitable DAL could be in a manager's paradise like Dubai!
(*Anymore.)
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Delta Air Lines employees today will receive profit sharing as part of the company’s $1.1 billion total payout for 2014 – the largest payment in the company’s history – in recognition for their industry-leading performance.
Total individual payouts will equal more than 16 percent of employees’ eligible 2014 earnings, which equates to an average of nearly two months’ salary. In October 2014, Delta paid a 5 percent advance on profit sharing to employees.
The 2014 payout is a record for the airline industry, and among the highest for any U.S. corporation.
In addition to profit sharing, Delta’s Shared Rewards program pays out monthly bonuses for meeting corporate operational goals throughout the year.
In 2014, Delta employees earned more than $84 million in Shared Rewards as the company achieved history-making operational and financial results. Delta has paid out $2.9 billion to employees in profit sharing and Shared Rewards during the past five years.
Delta employees will be honored for their record-breaking performance today at events held across its global network.
Again, EK a world class airline? Just wondering. When was the last time this airline made the statement,........"in recognition of their industry-leading performance". It's all about marketing, airplanes and route structure, not the employees. But Delta only has two unions on their property, the pilots and flight dispatchers. So this is not negotiated amongst the CC, engineers, etc.
Total individual payouts will equal more than 16 percent of employees’ eligible 2014 earnings, which equates to an average of nearly two months’ salary. In October 2014, Delta paid a 5 percent advance on profit sharing to employees.
The 2014 payout is a record for the airline industry, and among the highest for any U.S. corporation.
In addition to profit sharing, Delta’s Shared Rewards program pays out monthly bonuses for meeting corporate operational goals throughout the year.
In 2014, Delta employees earned more than $84 million in Shared Rewards as the company achieved history-making operational and financial results. Delta has paid out $2.9 billion to employees in profit sharing and Shared Rewards during the past five years.
Delta employees will be honored for their record-breaking performance today at events held across its global network.
Again, EK a world class airline? Just wondering. When was the last time this airline made the statement,........"in recognition of their industry-leading performance". It's all about marketing, airplanes and route structure, not the employees. But Delta only has two unions on their property, the pilots and flight dispatchers. So this is not negotiated amongst the CC, engineers, etc.
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It doesn't really affect me as I am on my way out but if EK doesn't award at least 2 months after what I have experienced in the last year and what I have only been told about in earlier years then there should be some extremely angry people asking very searching questions.
The arrogance of this place astounds me.
The arrogance of this place astounds me.
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In the early days, when EK used to require the cabin crew to fill out passenger survey forms for various industry awards when between services, the airline won an award in the UK for Best Cabin Crew. At the awards ceremony, Maurice Flanagan got up to accept the award saying it was an acknowledgement of the Emirates business model and Emirates management...blah blah blah. After he stepped down, Richard Branson got up to accept second place for VA. During his speech, he politely admonished MF for not acknowledging those who had actually won the award; Emirates Cabin Crew and went on to congratulate them himself.
Pretty much says it all. That's the culture that has existed since the beginning and which has been allowed to be taken to the absurd extremes described here. (And MF was a gentleman compared with the crew there now)
Pretty much says it all. That's the culture that has existed since the beginning and which has been allowed to be taken to the absurd extremes described here. (And MF was a gentleman compared with the crew there now)
Last edited by Gillegan; 14th Feb 2015 at 17:18.
Maybe the wannabes section?
While sir wooly pulley does not always have the pilot's admiration the previous post was spot on regarding RB. He had / has a unique way of managing that is not written in any MBA course. I was in Virgin when the court case was won against BA for their 'dirty tricks'. A long time ago now but RB divided the money won from the court case equally with every staff member. We all received approx 500 pounds - ok not a fortune even then but the gesture was appreciated. That engenders a considerable and unquantifiable loyalty - I have certainly not forgotten. We live in harsher times industrially.
cheers
cheers
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Remember though, a lot of these profits were earned on the backs of minimum wage earners at places like Swissport, Delta Global Services, Simplicity, Republic, Endeavor, GoJets etc. I'm not saying its worse than what Emirates does, just saying a lot of people had to suffer through crap wages, no work rules, sick time etc.
Routes once flown by 727s and DC-9s were flown for decades by SF340s, CRJ-200s, RJ-85s, E-145s and we've now graduated to CRJ-900s and E-170s flying from hub to hub at as low as 25% the cost. They even went as far as to shut down Comair to break morale and keep they're regional partners in check.
Not a hater of DL at all, I'd love to work there. But you can't deny the truth. For an actual DL pilot life is far better than EK. For a DL connection or Shuttle employee? Pretty much Emirates QOL and Sked with some of the politics and literally 25-50% the pay.
Routes once flown by 727s and DC-9s were flown for decades by SF340s, CRJ-200s, RJ-85s, E-145s and we've now graduated to CRJ-900s and E-170s flying from hub to hub at as low as 25% the cost. They even went as far as to shut down Comair to break morale and keep they're regional partners in check.
Not a hater of DL at all, I'd love to work there. But you can't deny the truth. For an actual DL pilot life is far better than EK. For a DL connection or Shuttle employee? Pretty much Emirates QOL and Sked with some of the politics and literally 25-50% the pay.
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Remember though, a lot of these profits were earned on the backs of minimum wage earners at places like Swissport, Delta Global Services, Simplicity, Republic, Endeavor, GoJets etc. I'm not saying its worse than what Emirates does, just saying a lot of people had to suffer through crap wages, no work rules, sick time etc.
To compare the wages, work rules, sick policies, etc etc of those in the US at the lower end of the socioeconomic ladder, with those on the bottom rungs in the ME is just displaying a total lack of exposure or knowledge of the region. It's laughable. This is not to diminish the poor conditions for the contracted-out ancillary jobs in the US. But it's a bit like saying the poor folks in inner-city America are just like the poor on the streets of Kolkata or Dhaka.
Not so much.
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Well what's worse? Being worked really hard with no bennies and pay thats suitable for a single guy eating ramen noodles and sharing a crash pad with eight people? or being worked even harder with better bennies for a huge paycheck? A lot of DL regionals here in the US don't get sick time or comp time here either. And then after you sacrifice for years to maybe get in the left seat and get big daddy D to consider you... your regional is forced in BK or shut down and you start over. Those foreign workers are generally making double what they would make in they're respective country, though I agree the QOL is bad also.
Again not saying EK is awesome, just saying it's annoying to hear DL try to sound high, mighty, and above it all.
Unfortunately, the U.S. isn't the happy place it once was either, parts of Detroit, Miami, And LA are starting to resemble Kolkata. Just a lot more violent.
Again not saying EK is awesome, just saying it's annoying to hear DL try to sound high, mighty, and above it all.
Unfortunately, the U.S. isn't the happy place it once was either, parts of Detroit, Miami, And LA are starting to resemble Kolkata. Just a lot more violent.
Last edited by HVYMETAL; 18th Feb 2015 at 22:08.
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nolimitholdem
Not really sure how Dubai can be considered a less than desirable place to live and work. Perfect it isn't but in all my years of travel never once have I visited Utopia. For sure there are some very desirable cities and areas in the US, probably in the same proportion as some rather horrendous places. Rough, dirty and downright dangerous. The better city neighbourhoods will set you back a tidy sum, unless you live way out and commute. At least kids in Dubai can go to school without passing through an x-ray machine manned by armed security. Come to think of it, you can in almost every Country in the World..........
I wonder if you and AC are one and the same?
Harry
Not really sure how Dubai can be considered a less than desirable place to live and work. Perfect it isn't but in all my years of travel never once have I visited Utopia. For sure there are some very desirable cities and areas in the US, probably in the same proportion as some rather horrendous places. Rough, dirty and downright dangerous. The better city neighbourhoods will set you back a tidy sum, unless you live way out and commute. At least kids in Dubai can go to school without passing through an x-ray machine manned by armed security. Come to think of it, you can in almost every Country in the World..........
I wonder if you and AC are one and the same?
Harry
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harry, please quote me correctly. I didn't say Dubai is a less THAN desirable place to live. That's subjective, and we all know you love the place. I said it's LESS desirable than, say, the USA - in the context of the lowest-paid workers. I have a feeling that not all of the workforce in Dubai shares your rapture with the place.
It was in direct response to a comment that the contracted workers loading bags in the US could be fairly compared to your dear colleagues in the camps at Al Quoz. To which I say again: "BS".
Try and imagine a scenario where the average unskilled immigrant labourer, when given the choice between emigrating to the UAE or the USA would pick the former, and it will help to illustrate the point.
The UAE has two types of slaves: high-paid and low-paid. Pilots simply fall into the first camp. It's great you happen to enjoy your indenture, but it doesn't logically follow that this indicates other places are inferior. Your extensive travelling notwithstanding.
Nor did I describe anywhere as Utopia, more invented rhetorical fluff on your part. Go ahead, cherry-pick whatever facts you like, x-ray machines, whatever. I could do the same in reverse all day long, "probably in the same proportion", but what's the point? You made your mind up long ago, we get it.
HVYMETAL, as far as Detroit being akin to Kolkata, I have no words. If they're just the same, off you go then.
It was in direct response to a comment that the contracted workers loading bags in the US could be fairly compared to your dear colleagues in the camps at Al Quoz. To which I say again: "BS".
Try and imagine a scenario where the average unskilled immigrant labourer, when given the choice between emigrating to the UAE or the USA would pick the former, and it will help to illustrate the point.
The UAE has two types of slaves: high-paid and low-paid. Pilots simply fall into the first camp. It's great you happen to enjoy your indenture, but it doesn't logically follow that this indicates other places are inferior. Your extensive travelling notwithstanding.
Nor did I describe anywhere as Utopia, more invented rhetorical fluff on your part. Go ahead, cherry-pick whatever facts you like, x-ray machines, whatever. I could do the same in reverse all day long, "probably in the same proportion", but what's the point? You made your mind up long ago, we get it.
HVYMETAL, as far as Detroit being akin to Kolkata, I have no words. If they're just the same, off you go then.
