Fri, Mar 16, 2012
Total Of $25 Million Distributed In Profit Sharing Awards And Bonuses
For the second year in a row, US Airways employees will receive profit sharing checks recognizing their contribution to the Company's full year profit. US Airways reported a $111 million profit for 2011. Today's payout to eligible employees totals more than $12 million. In addition to Wednesday's profit sharing payouts, employees earned more than $13 million in operational incentive bonuses over the past year, bringing the total in recognition payouts for US Airways employees to more than $25 million in 2011. The company emerged from bankruptcy in 2005.

US Airways' Chairman and Chief Executive Officer, Doug Parker (pictured) said, "Despite high fuel prices throughout the year, our US Airways team delivered outstanding results that resulted in a profit for the second year running. I'm pleased that our team is sharing in that success. US Airways employees took exceptional care of our customers and are already breaking company records this year for on-time performance, highest completion factor and lowest mishandled baggage ratio."
In addition to sharing in the Company's 2011 profitable results, all employees earned an additional $13 million in payouts from the airline's Triple Play incentive plan. On average each employee received $350 in total Triple Play payouts for seven first place rankings in 2011 among the "Big Five" network carriers in the monthly U.S. DOT Air Travel Consumer Report in any of three metrics; baggage handling, on-time performance and customer service.
In 2011 more than 1,400 US Airways employees were recognized by customers and co-workers for their extraordinary efforts through two other employee-recognition programs: the quarterly Above & Beyond awards and the annual Chairman Award program. Combined, those programs awarded employees more than $1 million.
"In 2011, more than 67,000 US Airways customers recognized exceptional customer service and gave our employees award coupons at airports worldwide and onboard our airplanes to thank them on the spot for a job well done. I'd like to thank those customers and the thousands of other customers who sent us complimentary letters about employees. We are extremely proud of our team and we appreciate you taking the time to recognize them," Parker said.
More News
Garmin's New Aviation VHF Radios Early this year, a new series of aviation VHF COM and NAV/COM radios, the GTR and GNC series, was announced by Garmin. As the replacement products >[...]
Sign MoU With Diamond Aircraft On Electric Propulsion System EADS and Siemens are entering into a long-term research partnership to introduce new electric propulsion systems that c>[...]
The heights above the earth's surface of the lowest layer of clouds or obscuring phenomena that is reported as broken, overcast, or obscuration, and not classified as thin or parti>[...]
The Army Aviation Heritage Foundation The Army Aviation Heritage Foundation (AAHF) is a non-profit public educational foundation dedicated to presenting the Army Aviation story to >[...]
“The serial electric propulsion allows us to design airplanes with totally different characteristics than today. Vertical take-off and high-speed cruise can be realized in a >[...]