Delta Employees Receive Highest Payout in DL History Today – $506.3 Million

Delta today said it paid its employees $506.3 million in earned profit sharing, the highest payout in company history for their performance in 2013. Employees’ individual payouts will equal 8.26 percent of their eligible 2013 earnings.

“Thank you to Delta’s nearly 80,000 people worldwide who made 2013 a banner year for Delta through the strong work ethic and values they demonstrate every day,” Delta CEO Richard Anderson said in a statement. “This year’s profit-sharing payment is a reflection of their hard work and of our conviction that if we take care of our employees, they take care of our customers and that enables our share­owners to succeed.”

Delta earned $10.5 billion in 2013 on revenue of $37.8 billion. Profit-sharing at Delta is in addition to monthly employee bonuses that last year totaled $91.7 million.

Delta Employees

Comments

  1. Mate, Delta’s net income was $2.7 billion for 2013. The vast majority of the $10.5 billion that you cite is due to a reversal of a tax reserve. Your post is grossly misleading.

    Also of note, cash flow from operations was $5 billion, with $2.1 billion of FCF. That is pretty impressive for an airline.

    http://www.bloomberg.com/article/2014-01-21/aXwd5hK7hlW0.html

    Even at $2.7 billion net income, there is no more need to wonder were $4,000 transcon business fares are going…

  2. I checked the figures report in this article at Yahoo finance. The figures are correct, both revenue and profit. Now I didn’t check whether the profit includes one-time gains or not. But any how, if there wasn’t any one time gain included in the profit figure, the customers are being royally screwed. Delta is immensely profitable. Just look at their stock price in the last 3 years. In most cases, company consolidations are bad for the customers. I hope the DOJ and FCC do not agree to the buyout of tmobile and Time Warner.

  3. @Peter S
    That figure includes an $8b one time non cash benefit. Even if it was revenue from operations, they aren’t screwing anyone. If people chose to pay extra for Delta versus other airlines, that all falls back on them.

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