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February 14, 2024 at 4:18 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 ...
The industry reported net losses of over $126 billion in 2020; the number of air passengers reduced by 60%, and direct aviation jobs dropped by 43%, according to a study that analyzed the impacts ...
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.
Delta Air Lines is one of the major airlines of the United States and a legacy carrier headquartered in Atlanta, Georgia. The United States' oldest operating airline and the seventh-oldest operating worldwide, Delta along with its subsidiaries and regional affiliates, including Delta Connection, operates over 5,400 flights daily and serves 325 destinations in 52 countries on six continents.
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The 5% pay raise will cover more than 80,000 employees at the Atlanta-based carrier. The new minimum for hourly workers will be $19 an hour, up from $16.55 an hour. Both go into effect on June 1.
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.
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