ATLANTA- Today (January 10, 2025), Delta Air Lines (DL) announced a $1.4 billion profit-sharing distribution to its employees, marking a significant milestone in the company’s centennial year.
The announcement comes as Delta demonstrates its commitment to employee recognition and financial well-being.
Photo: DeltaDelta Employees Bonus
The profit-sharing initiative, scheduled for February 14, 2024, will provide eligible employees with approximately 10% of their qualifying earnings, translating to roughly five weeks of additional compensation for each worker.
CEO Ed Bastian emphasized the exceptional performance of Delta’s workforce, noting their instrumental role in achieving one of the company’s most substantial profit-sharing distributions.
Delta’s profit-sharing program stands as a cornerstone of its corporate values, reinforcing its strategy of offering industry-leading compensation for superior performance.
The airline’s robust financial performance has enabled it to distribute over $10 billion in profit-sharing payments to employees during the past decade, surpassing all other airlines in employee profit-sharing contributions.
Beyond profit sharing, Delta maintains a comprehensive employee benefits package. The airline provides competitive base salaries with yearly increases and implements a monthly Shared Rewards program tied to operational achievements.
Employees also receive access to complimentary financial advisory services, including opportunities to earn $1,000 for emergency savings funds.
Additionally, the company offers substantial 401(k) retirement plan contributions as part of its broader commitment to employee financial security.
Photo: DeltaStrong Financial Performance
Delta Air Lines has released its comprehensive financial performance report for the fourth quarter and full year 2024, alongside projections for 2025. The report reveals significant financial achievements and operational milestones across multiple metrics.
The airline’s December quarter demonstrated robust performance with GAAP operating revenue reaching $15.6 billion, generating an operating income of $1.7 billion.
The quarter achieved an operating margin of 11.0 percent and pre-tax income of $1.2 billion, resulting in earnings per share of $1.29.
Operating cash flow stood at $1.9 billion, while the company made debt and finance lease payments of $1.5 billion, concluding with total obligations of $16.2 billion.
Non-GAAP results for the same quarter showed operating revenue of $14.4 billion, with operating income matching GAAP figures at $1.7 billion.
The non-GAAP operating margin reached 12.0 percent, while pre-tax income rose to $1.6 billion with a margin of 10.8 percent. Earnings per share under non-GAAP calculations reached $1.85, with operating cash flow at $1.8 billion.
Photo: Clément AlloingDelta Air Lines beats Q4 earnings
The full-year 2024 GAAP results marked substantial achievements with operating revenue of $61.6 billion. Operating income reached $6.0 billion with a 9.7 percent margin, while pre-tax income totaled $4.7 billion at a 7.6 percent margin.
The company reported earnings per share of $5.33 and operating cash flow of $8.0 billion, managing debt and finance lease obligations payments of $4.0 billion.
Adjusted full-year results showed operating revenue of $57.0 billion, marking a 4.3 percent increase from 2023.
The company maintained $6.0 billion in operating income with a 10.6 percent margin, while pre-tax income reached $5.2 billion with a 9.1 percent margin.
Earnings per share stood at $6.16, with operating cash flow matching GAAP figures at $8.0 billion. Free cash flow reached $3.4 billion, while the adjusted debt to EBITDAR ratio improved to 2.6x from 3.0x in 2023. Return on invested capital achieved 12.9 percent.
CEO Ed Bastian emphasized the company’s industry differentiation and increased durability throughout 2024, announcing $1.4 billion in upcoming profit-sharing payments. Looking ahead to 2025, Delta anticipates continued strong travel demand, particularly in premium products.
The company projects its most successful financial year, targeting pre-tax income exceeding $6 billion, earnings per share above $7.35, and free cash flow surpassing $4 billion.
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