Delta Air Lines employees really have something to celebrate this upcoming Valentine’s Day.
Ed Bastian, Delta’s CEO, announced on Monday that Delta will pay out a record $1.6 billion in profit sharing to its employees. This is the sixth year in a row Delta has paid out profit-sharing bonuses of more than $1 billion. The previous record was $1.5 billion in 2016 — which Delta said at the time was the largest profit-sharing payout in corporate history.
Many companies participate in profit-sharing payouts, which means employees receive a percentage of a company’s profits based on quarterly or annual earnings.
The bonus payment will be awarded to the company’s 90,000 employees on Feb. 14. It will be equivalent to about two months’ salary.
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