TELETRADER News
2/7, 9:30 PM
(Source: TeleTrader)
Delta Air Lin...-2.20%
Delta employees to get 5% pay raise
Delta Air Lines Inc. will raise global base pay for ground and flight attendant employees by 5% from April 1, according to a memo that CEO Ed Bastian sent to workers on Tuesday.
In addition, on February 14, the company will "pay out more than $550 million to Delta people" with the figure surpassing the "profit sharing pool of all [Delta's] competitors combined," Bastian wrote.
The staff's efforts have directly led to the "well-earned increase" and a "remarkable achievement" when it comes to profit, especially as it contrasted with a $1 billion quarterly loss just a year ago and the "depths of losses we suffered during the pandemic," the CEO underlined.