This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.
Thousands of Delta Air Lines' Salt Lake City employees will share millions of dollars when the carrier hands out profit-sharing checks Thursday.
About 3,500 people stationed at Delta's hub at Salt Lake City International Airport will receive a total of $15,723,148, Russell Cason, a spokesman for the Atlanta-based carrier, said Wednesday.
What each employee receives depends on his or her annual earnings. But the average amount per person will be around $4,500.
It's all part $372 million in earned profit-sharing going out to most of Delta's 80,000 employees. Individual payouts equal 6.67 percent of eligible compensation last year.
Profit-sharing depends on what Delta earns. Last year, it banked a net profit of $1 billion, up sharply from $854 million in 2011 on higher fares and fees.
Passenger revenue rose 5 percent, to $31.8 billion , the airline said last month.
Through the third quarter, Delta was the No. 1 airline for baggage fees, collecting $668.2 million from passengers.
The 18 percent net income gain gave Delta room to increase its profit-sharing. The amount it set aside for 2012 was 41 percent higher than in 2011.
A better bottom line
Delta earned $1 billion last year, 18 percent more than in 2011.
The amount set aside for profit-sharing in 2012 was 41 percent higher than in 2011.