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.
Only Time Will Tell If The Booster Is Truly Reusable On November 23, 2015 Blue Origin achieved a first in rocketry and spaceflight history when their New Shepard launch vehicle suc>[...]
Yes... We Will Be On A Holiday Schedule For The Rest Of Week As the Aero-News staff observes the US holiday of Thanksgiving on Thursday, we wanted to let our readers know that ANN >[...]
Also: UK CAA, E-Fest 2015, Citizens In Space, Gulfstream G500, Dassault Falcon Jet, CFM LEAP-1A, Tuskegee's Milton Crenchaw ANN Airborne Link: /index.cfm?do=video.playVideo&vid>[...]
A Powerful New Tool For You To Use For Your Aero-Conversations Want to start a conversation about a story you've seen on Aero-News? It's even easier with Disqus, a powerful, web-ba>[...]
Also: Hybrid Airship, Aero-Calendar, NAHF2016, R1 Airlines, Pro Line Fusion For CJ3, ERAU Prescott, Quest Kodiak ANN Airborne Link: /index.cfm?do=video.playVideo&videoid=3c2451>[...]