Delta Air Lines CEO Ed Bastian announced that he will pay his employees a record-setting $1.6 billion on Valentine's Day
In this bonus bonanza, Delta will be showing the love to about 90,000 employees. The airline has been doing well financially and has produced six consecutive years of solid profits. During this period, the company paid out $1 billion or more in profit-sharing bonuses to its workers each year. This year’s bonus will work out to about two months of pay, almost a 17% increase in compensation.
It's prudent business practice to have upbeat flight attendants who lavish goodwill and attention on the passengers. You want to be on a plane that has pilots, mechanics and support staff who are taken care of financially. It's good marketing as the goodwill felt by the workers leads to satisfied customers who will return and recommend Delta to their family and friends. The profit-sharing bonuses are an investment in the future of Delta.
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