DUBAI- Emirates Airline (EK) achieved a record-breaking $6.2 billion profit in the 2023-2024 financial year, solidifying its position as the world’s most profitable airline. The carrier is sharing this success by granting substantial bonuses to its workforce.
Dubai-based carrier Emirates is rewarding over 120,000 employees with a bonus equivalent to 22 weeks of basic salary. This generous profit-sharing initiative reflects the airline’s commitment to recognizing its staff’s contributions.
Photo: EmiratesEmirates Offers a 22-week Salary Bonus
Emirates reported an unprecedented $6.2 billion profit for the 2023-2024 financial year, driven by strong global demand and operational efficiency.
To celebrate, the airline announced a profit-sharing bonus of 22 weeks’ basic salary for all employees, equating to roughly 42% of their base pay. This applies to over 120,000 staff members, from ground crew to pilots, regardless of role or seniority.
Notably, basic salary excludes additional earnings like hourly flight pay for cabin crew, meaning total compensation varies, but the bonus remains a significant windfall.
This profit-sharing initiative lacks a fixed formula, with amounts determined by executive discretion based on financial performance. The 22-week 2023-2024 bonus aligns with Emirates’ recent trend of substantial payouts during prosperous years.
The absence of a rigid structure allows flexibility but ensures bonuses reflect the airline’s financial health, fostering employee investment in its success.
Photo- EmiratesHistory of Bonus Payout
Emirates has a history of rewarding employees during profitable years, though the scale of bonuses varies, as flagged by OMAAT. Past profit-sharing payouts include:
- 2017-2018 Financial Year: Employees received a bonus of 5 weeks’ basic salary, reflecting moderate profits.
- 2018-2022 Financial Years: No bonuses were paid due to industry challenges, including a competitive market and the global pandemic.
- 2022-2023 Financial Year: A 24-week salary bonus was awarded, compensating for prior lean years and marking a strong recovery.
- 2023-2024 Financial Year: The 20-week bonus followed record profits, slightly lower than the previous year but still exceptional.
The 2023-2024 bonus of 22 weeks continues this trend, positioning Emirates among the most generous airlines globally. For comparison, Delta Air Lines (DL) in the United States offered a 10% profit-sharing payout last year, while Singapore Airlines (SQ) surpassed Emirates with a 32-week bonus. Such large-scale profit sharing is rare in the aviation industry, highlighting Emirates’ commitment to its workforce.
Photo: Delta Air LinesDelta Employee Profit-Sharing
On January 10, 2025, Delta Air Lines (DL) announced a $1.4 billion profit-sharing distribution to its employees, scheduled for February 14, 2025. This payout represents approximately 10% of eligible employees’ annual earnings, equating to about five weeks of additional pay per employee. The announcement aligns with Delta’s centennial celebrations, underscoring its commitment to employee recognition and shared success
CEO Ed Bastian highlighted the workforce’s exceptional performance as a key factor in achieving one of the company’s most substantial profit-sharing distributions. He emphasized that Delta’s employees are fundamental to its culture and success.
Delta’s profit-sharing program has been a cornerstone of its corporate values, reinforcing its strategy of offering industry-leading compensation for superior performance. Over the past decade, the airline has distributed more than $10 billion in profit-sharing payments to employees, surpassing all other U.S. airlines in employee profit-sharing contributions.
In addition to 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 have access to complimentary financial advisory services, including opportunities to earn $1,000 for emergency savings funds. Furthermore, the company offers substantial 401(k) retirement plan contributions as part of its broader commitment to employee financial security.
Delta’s robust financial performance has enabled these employee-focused initiatives. For the full year 2024, the airline reported operating revenue of $61.6 billion and a pre-tax income of $4.7 billion. The December quarter alone saw a pre-tax income of $1.6 billion, marking the most profitable December quarter in the company’s history.
Looking ahead, Delta has announced a 4% pay raise for most employees starting June 1, 2025, marking the fourth consecutive year of base pay increases.
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