Bonus | Firm to pay out £1.2bn in profit sharing to employees

Delta Air Lines has announced plans to pay out more than £1.2billion ($1.6billion) in profit sharing to its employees, Daily News reported.

According to the firm’s CEO, Ed Bastian, the pay-out for the average employee will equate to about two months pay and land in employees’ bank accounts on Valentine’s Day, when the company is said to hold profit-sharing celebrations for workers across the country.

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Bastian recalled: “For years, I would get beaten up by Wall Street. They thought the profits were theirs, and ‘Why are you giving the profits away to the employees?’

“Wall Street has actually come full circle, and they realise that Delta is the most awarded airline in the world because of its employees,” he said at a Cobb Chamber event at the Roxy Theatre.