Delta splits $1.6 billion in 2019 profits among 90,000 employees
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
Delta is splitting a record $1.6 billion in 2019 profits among its 90,000 employees, the airline has announced. Each employee will receive a bonus worth 16.6% of their base pay — approximately two months’ salary.
“Delta would be nothing without our 90,000 people,” Delta CEO Ed Bastian said on LinkedIn after the announcement. “They deserve all the credit.”
Delta adopted a profit-sharing model after the airline merged with Northwest Airlines in 2012. The 2020 bonuses mark the sixth year in a row that Delta has divvied up more than $1 billion to its employees, coming as 2019 profit margins were a record 23% higher than the year before.
Full- and part-time employees will receive profit-share checks, according to CNN. Do happy employees provide better service? They might well. Delta consistently ranks #1 on “best and worst airlines” lists, including TPG’s very own. Our reviewers said that although Delta “didn’t top the timeliness or cancellation categories, it took a more-than-respectable silver medal. That, plus the fact that Delta was buoyed by its pervasive route and lounge networks and commendably low bump rate, was enough to put it over the top over ’s No. 1, Alaska.”
“2019 was a truly outstanding year on all fronts — the best in Delta’s history operationally, financially and for our customers,” Bastian said in a statement issued to TPG. “Our people, and their commitment to bringing best-in-class travel experiences to our 200 million customers, are the foundation for our success. I’m pleased to recognize their outstanding performance with a record $1.6 billion in profit sharing for 2019. As we enter 2020, demand for travel is healthy and our brand preference is growing, positioning Delta to deliver another year of strong results, including earnings per share of $6.75 to $7.75.”
Featured photo by The Points Guy.
Welcome to The Points Guy!
WELCOME OFFER: 60,000 Points
TPG'S BONUS VALUATION*: $1,200
CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
- 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.