Saturday April 10th, 2021 3:36PM

Delta raises pay for many employees 14.5 percent

By The Associated Press

ATLANTA - Delta Air Lines Inc. said Wednesday it will raise pay for flight attendants and ground workers by 14.5 percent in December and increase matches of employee contributions to retirement accounts.

The airline also will change the profit-sharing formula in a way that could boost payouts after lean years but might reduce them after highly profitable years such as 2014.

The International Association of Machinists and Aerospace Workers, which is trying organize Delta flight attendants, said raises were overdue and left Delta employees below industry-leading pay.

Only 18 percent of Delta workers, mostly pilots, are represented by unions. That is easily the lowest percentage among the leading U.S. airlines.

CEO Richard Anderson and President Ed Bastian said in a memo to employees that Delta was "providing you with record pay raises in a year of record profits."

Last year, the Atlanta-based carrier earned $4.5 billion in adjusted pretax profit, which excludes unusual costs and gains.

Currently Delta shares 10 percent of the first $2.5 billion in annual adjusted pre-tax profit with employees and shares 20 percent of profit above that. Starting with payouts in 2017, the formula will change — the 20 percent payout will start when pre-tax profit tops the previous year's amount.

Delta also said that it will increase the cap on matching employee 401(k) contributions from 5 percent of pay to 6 percent.

  • Associated Categories: U.S. News, Business News, Local/State News, Georgia News, Associated Press (AP), AP National News, AP Business, AP Business - Careers
  • Associated Tags: pay raises, Delta Airlines
© Copyright 2021 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Friend who bought guns used in San Bernardino attack charged with terrorism, other counts
RIVERSIDE, Calif. (AP) — The man who bought the assault rifles his friend used in the San Bernardino massacre was charged Thursday with a terrorism-related charge alleging he plotted earlier attacks a...
2:04AM ( 4 years ago )
US $1.83 billion arms sale for Taiwan draws strong rebuke, threats of retaliation from China
WASHINGTON (AP) — The Obama administration announced a $1.83 billion arms sale to Taiwan on Wednesday, drawing an immediate rebuke and threats of retaliation from Taipei's rival Beijing.The arms packa...
11:18PM ( 4 years ago )
White House, lawmakers of both parties claim wins in mammoth year-end deal on spending, taxes
WASHINGTON (AP) — The White House and lawmakers of both parties grudgingly embraced a massive government-wide budget deal Wednesday combining more than a trillion dollars in year-end spending with hun...
8:21PM ( 4 years ago )
U.S. News
Dealership offering $10,000 reward for recovery of stolen classic car
A Franklin County car dealership is seeking information about the theft of a classic car and a muscle car from its facility over the long Christmas weekend.
9:52PM ( 4 years ago )
LISTEN: Frames You-nique to close after 31 years
After 31 years, a favorite shop on the Gainesville Square will close its doors permanently.
6:10PM ( 4 years ago )
Santa and Mrs. Claus visiting Cottage Winery today
Santa and Mrs. Claus will be visiting with people and pets at the Cottage Winery on Highway 129 North, Cleveland, from 2 to 5 p.m. today, Dec. 19.
10:02AM ( 4 years ago )
Business News
Delivery driver alerts of Lawrenceville house fire
Gwinnett County fire crews responded to a house fire in Lawrenceville Thursday afternoon after being alerted by a pizza delivery driver.
7:38PM ( 4 years ago )
Gilmer County announces arrests in Monday murder
Gilmer County Sheriff Stacy Nicholson has announced the arrest of three men in connection with the shooting death of Andrew Abernathy on Monday night.
7:15PM ( 4 years ago )
Elderly man struck by vehicle on 441 at Banks Crossing
The Georgia State Patrol reports an elderly man suffered minor injuries while attempting to cross Georgia Highway 15 (U.S. 441) at Banks Crossing about 5 p.m. Thursday.
6:50PM ( 4 years ago )
Local/State News
Chamblee man sentenced in case involving forged immigration, Social Security documents
Horacio Sanchez-Lopez of Chamblee has been sentenced to 14 months in federal prison for conspiring to manufacture, sell, and distribute counterfeit federal Permanent Resident and Social Security cards.
10:49AM ( 4 years ago )
North Georgia school districts honored by Department of Education
The Georgia Department of Education (DOE) released the annual list of Highest Performing, Highest Progress schools and Reward District Schools, and some North Georgia districts are included.
1:00PM ( 4 years ago )
Search underway for Afghan trainees missing from air base
Two Afghan men who were training with the U.S. military are missing from a base in south Georgia, but officials say that they were screened before entering the country and that there's no indication they pose a threat.
5:45PM ( 4 years ago )
Georgia News
THE LATEST: Bama playing for 10th championship, after beating Michigan St 38-0 in semifinal
ARLINGTON, Texas (AP) — The latest developments from the College Football Playoff national semifinal game between Alabama and Michigan State in the Cotton Bowl (all times local):10:40 p.m.Alabama is g...
11:53PM ( 4 years ago )
Sooners, Mayfield shut out in 2nd half and lose to Clemson 37-17 in Orange Bowl semifinal game
MIAMI GARDENS, Fla. (AP) — The Oklahoma Sooners were fooled by a fake punt and stuffed on fourth down when they tried some trickery of their own.And in the second half, Clemson was simply the stronger...
11:42PM ( 4 years ago )
No more Clemsoning: Watson, stout defense lead Tigers past Oklahoma 37-17 in Orange Bowl
MIAMI GARDENS, Fla. (AP) — Dabo Swinney was in no mood to talk about Clemsoning."Next question," the coach snapped.No problem.It's time to put that term to rest.Clemson, a team once known for such ine...
11:42PM ( 4 years ago )
Associated Press (AP)
State Department says hundreds of Hillary Clinton emails have been newly classified
WASHINGTON (AP) — The State Department said Thursday that portions of 275 emails released on New Year's Eve from Hillary Clinton's time as secretary of state have been newly classified, bringing 2015...
9:31PM ( 4 years ago )
10 Things to Know for Friday
Your daily look at late-breaking news, upcoming events and the stories that will be talked about Friday.1. WHERE'S THE PARTY?Crowds pack New York's Times Square before the midnight New Year's ball dro...
9:26PM ( 4 years ago )
Star TCU QB Trevone Boykin charged with felony assault of officer, suspended for Alamo Bowl
SAN ANTONIO (AP) — Trevone Boykin's brilliant college career has come to an abrupt and inglorious end even though TCU has one game left to play this season.Boykin was arrested early Thursday and charg...
9:12PM ( 4 years ago )
AP National News
Going nowhere: Stock market delivered a mostly flat finish after volatile 2015
The U.S. stock market took investors for a wild ride in 2015, but in the end it was a trip to nowhere.Despite veering between record highs and the steepest dive in four years, the stock market ended t...
6:25PM ( 4 years ago )
A decline on the last day of the year pulls key market index into the red for 2015
U.S. stocks closed lower on Thursday, capping the worst year for the market since 2008.The Standard & Poor's 500 index ended essentially flat for the year after the day's modest losses nudged it i...
6:24PM ( 4 years ago )
AP EXPLAINS: The average price for gas dropped under $2 this year, this is how it played out
NEW YORK (AP) — U.S. drivers saved a bunch of money on gasoline this past year, as Saudi Arabia and other OPEC members kept the pumps going in the face of low oil prices. Massive stockpiles of crude g...
6:23PM ( 4 years ago )
AP Business
Going nowhere: Stock market is on track to deliver a mostly flat finish after volatile 2015
The U.S. stock market took investors for a wild ride in 2015, but in the end it was a trip to nowhere.Despite veering between record highs and the steepest dive in four years, the stock market is on t...
1:57PM ( 4 years ago )
The price of peace: Experts help Cyprus assess the economics of a potential reunification deal
NICOSIA, Cyprus (AP) — A peace accord cobbling Cyprus back together again after over four decades of ethnic division is possible in 2016 and will bring opportunity and economic growth, officials say....
9:13AM ( 4 years ago )
From celebrity endorsements to branded logos, the marijuana industry trying to build brands
DENVER (AP) — Snoop Dogg has his own line of marijuana. So does Willie Nelson. Melissa Etheridge has a marijuana-infused wine.As the fast-growing marijuana industry emerges from the black market and s...
11:54PM ( 4 years ago )
AP Business - Careers
White County commissioner votes against $2-million budget increase, but budget passes
The White County Board of Commissioners this week approved a fiscal year 2019 general fund budget of $18.9 million — a $2-million increase over the 2018 budget.
11:19AM ( 1 year ago )
Governor announces pay hike for more than 3,300 law officers
Georgia Gov. Nathan Deal says a package of law enforcement reforms includes a 20 percent pay raise for more than 3,300 state law enforcement officers and an overhaul in training and certification programs.
By Associated Press
11:32AM ( 3 years ago )
University head justifies $1M pay for Ga. Tech, GSU leaders
Million-dollar pay packages are justified to retain the presidents of Georgia Tech and Georgia State, the head of the state's university system said, despite criticism the compensation is too lavish.
By Associated Press
2:56PM ( 4 years ago )
Jamaica: Atlanta-bound Delta jet evacuated after faulty report of fire
A Delta Air Lines plane aborted takeoff Monday in Jamaica after a fire was reported in its cargo area, forcing 160 people and six crew members to evacuate the jetliner which was scheduled to fly from Montego Bay to Atlanta.
By The Associated Press
1:58PM ( 4 years ago )
Delta and Alaska rank best for on-time arrivals, Spirit ranks at the bottom
The U.S. Department of Transportation said Thursday that the nation's leading carriers posted an on-time rate of 80.3 percent in August.
12:28PM ( 4 years ago )