If you flew on a Delta jet last year,
you should feel proud. The airline just handed out $1.5 BILLION in bonuses to
its employees to mark its record profits in 2015. You helped pay for it.
That’s the equivalent of a 21 percent pay
boost for the “average” Delta employee. You can bet a big chunk went to Delta executives—for
example, outgoing CEO Richard Anderson hauled in more than $17.5 million last
year.
The thing is: airlines’ record profits
last year were largely based on the steep decline of jet fuel prices. In 2014
jet fuel averaged about $2.70 per gallon, and that price dropped to an average
of $1.52 per gallon last year—in fact, jet fuel was selling for about $1.09 in
December, that’s 60 percent lower than the average 2014 price.
Think about Delta’s ticket pricing last
year. Did you see any big price reductions? A big chunk of what you paid for your flight went into that $1.5 billion
bonus pool.
Did you get any free peanuts or
anything? How about the leg room, everything OK there?
Copyright
© Richard Carl Subber 2016 All rights reserved.
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