Delta Awards Employees With $1.5 Billion From Earned Profit

Delta is giving away almost $1.5 billion of its profit shares to its employees right after Southwest announced of giving $620 million of its profits to its workers.

Delta Airlines has won the competition that no one knew was actually going on. Southwest Airlines made an announcement earlier of investing (worth $620 million) from its earned profits in its workforce. Not long after this, the Atlanta Air carrier announced of rewarding its employees with$1.5 billion from its profit shares earned in 2015.

Delta Airlines made this announcement right after Southwest invested in its workforce. The air carrier employees will receive 20% more in comparison to the 2015 earnings. The company has a workforce of approximately 80,000 who will be benefiting from this development. This is the largest sum ever that is being paid to the workforce in the history of profit sharing programs.

According to Business Insider, the CEO of the air traveling company, Richard Anderson, said regarding this development through a memo to the workers, “We are often asked what makes Delta different, the difference is you. Our unique people focused culture is the advantage that none of our computers can match.” For 967 of company’s worker in North Texas, the payments will make a total of $7.4 million, where each employee will get $7,621 if all workers get the amount of profit from the company.

The regional carrier is, in a way, rewarding its workers for the spectacular performance given by them to the business. Another award is a 50-foot tall greeting card at the general offices of the organization, which consist of the names of the workers. Delta has a workforce of 80,000 while Southwest only has 49,000 employees.

Delta employees will be getting almost 10% of the profit shares earned by the business, which is expected to increase to 30% in case if the air carrier earns $2.5 billion annually. CEO Richard Anderson is expected to retire this May and is expected to be succeeded by Bastian.

This is the sixth year in a row when the Atlanta air travel organization is rewarding its workers with its profit shares. In 2015, the employees were reported to receive 16% of profit shares of the company in their yearly pays. The company was known to earn huge profits due to the low jet fuel prices and constant airfares.

Many organizations in the market benefited from the low jet fuel prices and rewarded their workers for it as well. Delta is winning the race. According to reports, its profit share for 2015 is more than Southwest’s three year of profit shares. It surely knows how to run the business successfully and keep its workers happy at the same time.