US Airways Employees To Split $12 Million In Profit Sharing | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Most Recent Daily Airborne

Airborne On ANN

Airborne On YouTube/Hi-Def/Mac Friendly

Monday

Airborne 01.26.15

Airborne 01.26.15

Tuesday

Airborne 01.20.15

Airborne 01.20.15

Wednesday

Airborne 01.21.15

Airborne 01.21.15

Thursday

Airborne 01.22.15

Airborne 01.22.15

Friday

Airborne 01.23.15

Airborne 01.23.15

Fri, Mar 16, 2012

US Airways Employees To Split $12 Million In Profit Sharing

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.

FMI: www.usairways.com

Advertisement

More News

Airborne 01.23.15: Google/SpaceX Bucks, Pet Aero-Rescue, Return of the P-3?

Also: Disruptive Innovation, V22 Ospreys, USAF Lets Bluebook Loose, Dawn and Ceres, FAASTeam Virtual Safety Stand Down As SpaceX’s Elon Musk pushes ahead on his development o>[...]

Airborne 01.23.15: Google/SpaceX Bucks, Pet Aero-Rescue, Return of the P-3?

Also: Disruptive Innovation, V22 Ospreys, USAF Lets Bluebook Loose, Dawn and Ceres, FAASTeam Virtual Safety Stand Down As SpaceX’s Elon Musk pushes ahead on his development o>[...]

Klyde Morris (01.26.15)

Klyde Finds Inspiration At Udvar-Hazy... FMI: www.klydemorris.com>[...]

AeroSports Update: The Two Eagles Are Headed Across The Pacific

Balloon Pilots Are In Flight For A More Than 6,000 Mile Journey To Cross The Pacific From West To East It was announced at the Albuquerque Balloon Fest last year that pilots Troy B>[...]

Aero-News: Quote Of The Day (01.26.15)

"'Unlawful use of an unmanned vehicle or aircraft to capture an image' would include: Sound waves; Thermal, infrared, ultraviolet, or visible light or other Electromagnetic waves; >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC