Delta Airlines is to award eligible employees worldwide with a 4% pay rise as part of an investment into its workforce.
The 4% pay boost is the fourth consecutive increase since 2022, and follows a $1.4 billion (£1 billion) profit sharing bonus shared among employees worldwide earlier this year.
Ed Bastian, chief executive officer of Delta Airlines, initially announced a pay increase for employees in January during a leadership conference, as a result of strong demand for travel leading to the organisation’s best financial year in history.
Through the pay raise, Delta aims to provide high total compensation to frontline employees for top performance. It has made investments of 25% or more in compensation for each of its largest frontline workgroups since 2022.
Bastian said: “For a century, Delta has acted on the belief that when we invest in our people first, they deliver excellence for our customers. Combined with the strength and resiliency of our business, these core values will continue to set Delta apart even as we face new pressures. Delta’s compensation philosophy is rooted in our core value of sharing our success with employees. The profit sharing programme is a key element of this commitment, with Delta sharing more profit with employees than any other US airline.”
As part of its commitment to the financial wellbeing of its employees, Delta provides, in addition to profit sharing, competitive base pay with typically annual pay increases, up to $100 (£75) monthly for achieving operational goals, free financial coaching with the ability to earn $1,000 (£749) for emergency savings, and matches up to 6% plus an automatic 3% to 401(k) retirement savings.
In the last 10 years, it has paid out more than $10 billion (£7.5 billion) in profit sharing to employees, who took home an average five weeks’ extra pay in this year’s payout.
