Delta Air Lines plans to give each of its 75,000+ employees a $1,250 bonus next month, despite reporting losses in the fourth quarter following a tumultuous year amid the global pandemic and rising inflation.
However, for the full year, Delta reported $280 million in profit, its first in two years, bolstered by $4.5 billion in federal relief funding to keep the airline afloat during the pandemic.
As a thank you to its workers, the company plans to offer a one-time profit-sharing payment to all of its current employees, according to its CEO, Ed Bastian.
Employees will reportedly receive the payments on Valentine’s Day.
“Omicron, as I indicated, has impacted all of us,” he said. “Good news is that [the infected employees] were all fine. There’s been no significant health issues that we’ve seen from it. But it’s knocked them out of the operation for a period of time, at the same time that we had the busiest travel that we have seen in two years. So the confluence of those two events could not have happened at a worse time.”
The company said it is likely that the effects of Omicron will continue to impact the company in the first quarter of this year but it is confident that the situation will improve towards the spring months.
“While the rapidly spreading omicron variant has significantly impacted staffing levels and disrupted travel across the industry, Delta’s operation has stabilized over the last week and returned to pre-holiday performance,” Bastian said. “Omicron is expected to temporarily delay the demand recovery 60 days, but as we look past the peak, we are confident in a strong spring and summer travel season with significant pent-up demand for consumer and business travel.”