American airline Delta has awarded its more than 100,000 employees a payment worth 10.4% of their eligible earnings as part of its profit share scheme.
The scheme, which was created to boost employee morale and cultivate a workplace of gratitude and teamwork, allows staff to receive their share of Delta’s 2023 profit, with the payment representing more than one month’s pay. This brings the total amount paid out to employees since its creation in 2007 to $11 billion (£8.7 billion).
The profit has been distributed across the globe, with $1.3 billion (£1 billion) shared across employees in the US states of Georgia, New York, Minnesota, Michigan, California, Washington, Utah, Florida and Massachusetts. A total of $4.4 million (£3.5 million) was shared across the Europe, Middle East, Africa and India region, $2 million (£1.5 million) across Latin America, $1.8 million (£1.4 million) across Canada, US Virgin Islands and Bermuda, and $5.4 million (£4.3 million) across the Asia-Pacific area.
Ed Bastian, chief executive officer at Delta, said: “Rewarding our people is fundamental to who we are at Delta. It’s always my number one priority to take care of the Delta team, and this is a prime opportunity to recognise their dedication and efforts in 2023. This year’s $1.4 billion (£1.1 billion) payout along with our global annual celebrations represent just one of the ways we’re able to demonstrate our gratitude and love for a well-deserving team.”
Joanne Smith, executive vice president and chief people officer at Delta, added: “Delta’s people-first culture has always been core to our business. An important part of that culture is sharing our successes. This year’s profit-sharing payment is a direct result of the hard work and persistence shown by Delta people each day.”
Delta also offers employees a matching contribution up to 6% plus a fixed contribution of 3% to 401(k) retirement savings, monthly shared rewards for achieving operational goals, free financial coaching with the ability to earn $1,000 for emergency savings, holistic wellbeing programmes and career development opportunities.
