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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.
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 idea for a museum about Delta Air Lines originated with group of retirees who started a campaign in 1990 to find one of Delta's original five purchased-new Douglas DC-3s from the early 1940s. After some searching, the employees found Delta Ship 41, Delta's second DC-3 to carry passengers, in Puerto Rico performing cargo services. The group bought the plane from the cargo airline and flew ...
History of Delta Air Lines. 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 ...
Delta Air Lines is paying out $1.4 billion in profit sharing, more than double what it paid employees a year ago.
Grinstein retired in the summer of 2007, [8] allocating his bankruptcy emergence stock grants to establish a scholarship fund for Delta employees and their children and a hardship fund for Delta families.
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