2/7, 9:30 PM (Source: TeleTrader)
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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.

Baha Breaking News (BBN) / MS