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Monday
Feb142011

Delta Giving Employees $313 Million in Largest Profit-Sharing Payout

Photo Courtesy - Delta Air Lines(ATLANTA) -- Delta Air Lines announced Monday it will pay out $313 million in profit sharing to its employees, marking the largest payout in the airline's history.

In a memo sent to over 80,000 employees around the world, Delta CEO Richard Anderson said the pay out stems from the company's $1.4 billion profit for 2010, which he attributes to workers' "hard work and dedication."

Anderson said the profit sharing will not be a "one-time payout," but instead will be part of employees' "total compensation that includes a competitive package of pay, benefits and work rules along with additional opportunities to earn more when the company performs well."
   
The latest payout comes four years after Delta came out of bankruptcy in 2007.

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