Every employee of Alaska Air Group pocketed an extra month’s pay in February when the organization paid record annual bonuses totaling $72 million.
The 9% bonuses came after the airline’s 12,600 employees helped the organization exceed its 2010 operational and financial goals. That’s in addition to $1,000 to $1,200 in bonuses that each employee earned last year for achieving on-time and customer satisfaction targets.
The two bonus programs combined amounted to $85 million.
Bonuses in the performance-based pay plan were determined by meeting specific companywide targets on safety measures, customer service satisfaction, cost control and profit. Annual bonuses have averaged nearly 5% since the plan began in 2003.
Contact: Bobbie Egan of Alaska Air Group, (206) 392-5134.