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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.
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Wikipedia
The money was used to fund employees until September 30. In July 2020, the company announced that it would put 20–30% of its employees on leave of absence in October. [47] In August, some pilots and flight attendants agreed to take a voluntary leave of absence or have their work schedule temporarily reduced to avoid layoffs.
In 1988, Phil Bakes, the president of Eastern Air Lines, announced plans to lay off 4,000 employees and eliminate and reduce service to airports in the Western United States; he said that the airline was going "back to our roots" in the East. At the time, Eastern was the largest corporate employer in the Miami area and remained so after the cuts.
Delta rolled out a profit-sharing model in 2007 and it gave employees a financial cushion when company money was tight. It’s a benefit they’ve continued since a brief pause in 2020.
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 ...
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.