Delta profit sharing bonus 2020- $1.6 billion
Jan 13, 2020, 10:52 pm
#1
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Delta profit sharing bonus 2020- $1.6 billion
Caught this article below earlier from the AJC. Good job again DL!!
https://www.ajc.com/blog/airport/del...7aSCJGykYipaO/
https://www.ajc.com/blog/airport/del...7aSCJGykYipaO/
Delta to pay out more than $1.5 billion in profit sharing to workers
Jan 14, 2020, 5:27 am
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Caught this article below earlier from the AJC. Good job again DL!!
https://www.ajc.com/blog/airport/del...7aSCJGykYipaO/
https://www.ajc.com/blog/airport/del...7aSCJGykYipaO/
Jan 14, 2020, 8:56 am
#5
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Good for them. Not surprised on top of today's announcement of a big 4Q and full year earnings:
December Quarter Financial Highlights
https://news.delta.com/delta-air-lin...ar-2019-profit
- Full year 2019 pre-tax income of $6.2 billion and earnings per diluted share of $7.30, a nearly 30% increase over prior year
- Record $1.6 billion profit sharing for Delta's 90,000 employees
- Full year 2019 operating cash flow of $8.4 billion and $4.2 billion in free cash flow
December Quarter Financial Highlights
- Adjusted earnings per share of $1.70, a 31% increase year over year; above guidance of $1.20 to $1.50 on stronger revenue, lower fuel and a nine-cent net gain related to the unwinding of the GOL relationship
- Total revenue grew to $11.4 billion, up 7% over prior year when prior year period is adjusted for sale of DAL Global Services (DGS)
- Total unit revenue (TRASM), adjusted, increased 2.4%, exceeding expectations on strong holiday travel demand
- Non-fuel operating expense on a unit basis (CASM-Ex) up 4.4% compared to the prior year period, in line with the company's expectations of 4% to 5%
- Adjusted earnings per share of $7.31, a 30% increase year over year
- Total revenue increased to a record $47 billion, up 7.5% when prior year period is adjusted for third-party refinery sales and the sale of DGS
- Total expense increased 3.9% with CASM-Ex up 2%, in line with the company's guidance and long-term cost targets
- Delta's 90,000 employees will share a record $1.6 billion profit sharing payout on Feb. 14
- Generated $8.4 billion of operating cash flow and $4.2 billion of free cash flow
- Returned $3 billion to shareholders through dividends and share repurchases
Jan 14, 2020, 9:01 am
#6
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That's over $16,000 per person on average, with some employees getting much more. Not bad at all!
Congrats to DL on another good year. Obviously a lot of people are doing a lot of things right.
Congrats to DL on another good year. Obviously a lot of people are doing a lot of things right.
Jan 14, 2020, 9:59 am
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Jan 14, 2020, 11:31 am
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Jan 14, 2020, 2:49 pm
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Jan 20, 2020, 9:00 pm
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Delta profit sharing 2020- $1.6 billion
Which works out to a 16.6% annual bonus
https://www.cnn.com/2020/01/20/succe...lta/index.html
While no giant company is going to get it perfect every time, I feel like Delta does do better in a lot of ways than close competition and a lot of that comes form a good work culture there.
https://www.cnn.com/2020/01/20/succe...lta/index.html
While no giant company is going to get it perfect every time, I feel like Delta does do better in a lot of ways than close competition and a lot of that comes form a good work culture there.
Jan 21, 2020, 12:16 am
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Nice to see DL do right by its employees with 2 months of extra pay as bonus — even as it’s the consumers paying for these massive profits and bonuses as a result of all the governmental waivers and favors granted to the US3 airline industry cartel kingpins in the oligopolistic marketplace.