Anthony Segreto, a business analyst who works at Delta’s headquarters, said “you see people from Atlanta to Dallas to Tokyo rallying around it.”
To Segreto, “It’s extra money in the bank” for savings and 401(k) investment, he said.
Bastian said as a result of new federal tax cuts, Delta employees overall will see $50 million more from their profit sharing checks than they would otherwise, due to less taxes withheld. “The tax plan has already taken effect here locally,” Bastian said.
Delta Air Lines shows off some planes in its aircraft fleet during a media day at their Tech Ops hanger at Hartsfield-Jackson International Airport in April 2016. KENT D. JOHNSON /email@example.com
The company reported nearly $3.6 billion in net income for 2017, a year Bastian called "very eventful."
"We had our share of adversity," he said. "We worked through the storms, the hurricanes, the weather, the blackout."
Delta's pre-tax income, on which profit sharing is based, declined by $621 million in 2017. Yet employees are still getting roughly the same total payout for profit sharing.
A key reason for that is Delta last year said it would boost the rate of profit sharing for all employees to match the rate its pilots get. Pilots are the only major unionized employee group at Delta.
Delta also gave flight attendants and ground workers 6 percent raises in April 2017.
On Wednesday outside the Delta Flight Museum at the company’s headquarters, Bastian spoke to employees before the unveiling of a massive 46-foot-by-28-foot puzzle made from the hull of one of the Boeing 747 jets Delta retired to the Arizona desert last year.
Each of the company’s 80,000 employees will get a puzzle piece.
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