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Delta unveiled its profit-sharing program in 2007 as the company emerged from bankruptcy, and employees received their first payout in 2008, totaling $158 million.
The move shrunk the “company in half overnight.” 20,000 more employees agreed to take an early retirement and once the pandemic cleared, Delta brought people back.
February 14, 2024 at 1:18 PM. Charly Triballeau/AFP/Getty Images. Delta Air Lines is paying out $1.4 billion in profit sharing, more than double what it paid employees a year ago. The payments ...
In February 1940, Delta Employees Credit Union was formed in Atlanta, Georgia, by eight Delta Air Lines employees, each with a stake of $45 in share capital. On March 8, 1940, Delta Employees Credit Union received a charter entitling it to 20 years of operation. One month later, the first board of directors was composed. The board voted that membership was open to all Delta employees. By the ...
Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. He became CEO of Delta in 2004, a time of financial crisis for the airline. After overseeing the firm's survival through bankruptcy and implementing a ...
Delta Air Lines is a major American airline. [1] [2] The company's history began with the world's first aerial crop dusting operation called Huff Daland Dusters Inc., founded in 1925 in Macon, Georgia [3] to combat the boll weevil infestation of cotton crops. [4] C.E. Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. Delta Air ...
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The salary increase comes roughly two months after Delta’s annual profit-sharing payment to workers. On Valentine’s Day, the carrier doled out $1.4 billion to its workers, a bonus check that ...
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