Eligible Delta employees to receive two extra months' pay via profit-sharing plan
Delta Air Lines, whose stock is up nearly 29% over the past year (outpacing a gain of about 25% by the benchmark S&P 500 and a more modest ascent of less than 11.5% by the NYSE Arca Airline Index) and which most recently outperformed fourth-quarter analyst expectations, is sharing the wealth with employees, CNN reports. The Atlanta-headquartered airline, according to CNN, is diverting $1.6 billion of its $6.2 billion in total 2019 pretax income toward profit sharing, according to a release posted on the airline's website. Every eligible employee, according to the CNN report, will get a check next month for 16.6% of their annual pay. That, CNN adds, is the equivalent of two extra months' pay.
https://finance.yahoo.com/m/44fcb582...html?.tsrc=rss
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