Delta Air Lines will distribute $1.3 billion in profit sharing to its employees. This payout equates to approximately one month’s salary for each staff member. The airline also confirmed upcoming pay raises for its workforce. This distribution marks the ninth time since 2014 that Delta has exceeded $1 billion in annual profit sharing.
The carrier concurrently unveiled its largest-ever winter schedule to Hawaii. A new nonstop route will connect Minneapolis-St. Paul to Maui. Delta will also resume service between Boston and Honolulu. The Boston-Honolulu route remains the longest domestic flight in the U.S. The airline is increasing flight frequencies and deploying larger aircraft across multiple island routes.
Delta entered a definitive agreement with Airbus to acquire new widebody aircraft. This fleet modernization initiative aims to improve fuel efficiency. Recent stock sales by senior executives have accompanied these operational updates. These combined developments are currently driving valuation debates among market investors.