ATLANTA — Atlanta-based Delta Air Lines said: They pay out approximately $1.4 billion to their employees through their employee profit sharing program.
Of that amount, $595 million will go solely to the company’s Georgia employees. This represents approximately 42% of the total payments made to Peach State employees.
Delta Air Lines said the overall profit share is equivalent to 10.4% of annual pay, and each employee receives more than one month’s worth of payments from the program.
“This payment marks an important milestone for Delta’s profit sharing program, bringing the total amount paid to employees since our inception in 2007 to $11 billion,” Delta Air Lines said in a statement.
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A company spokesperson said sharing the company’s success is the cornerstone of its values-based business model and key to its culture. Delta Air Lines said it has adopted this profit-sharing structure since the airline industry experienced hardship in the early 2000s.
“Rewarding our employees is fundamental to Delta Air Lines. Taking care of our Delta team has always been my top priority, and today is a great opportunity to recognize their dedication and hard work in 2023. “Delta CEO Ed Bastian said in a statement. “This year’s $1.4 billion payout and global annual celebration are just one way we show our appreciation and love for our deserving team.”
Of the various regions that Delta highlighted as part of the payments, Georgia employees received the most from the program overall.
“Delta’s people-first culture dates back to the days of our founder, CE Woolman, and has always been at the core of our business,” said Joanne Smith, vice president and chief human resources officer, Delta Air Lines. Ta. “An important part of that culture is sharing our successes. This year’s $1.4 billion in profit sharing payments is a direct result of the daily hard work and tenacity of Delta Air Lines employees.”
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The company’s more than 100,000 employees received funding in the following regions:
Domestic:
- Georgia – $595 million
- New York – $185 million
- Minnesota – $124 million
- Michigan – $110 million
- California – $86 million
- Washington – $77 million
- Utah – $76 million
- Florida – $32 million
- Massachusetts – $20 million
International:
- EMEAI – $4.4 million
- Latin America – $2 million
- NAM (Canada, US Virgin Islands and Bermuda) – $1.8 million
- Asia Pacific – $5.4 million
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