Employees of Alaska Air Group companies Alaska Airlines, Virgin America and Horizon Air are receiving $118 million in incentive bonuses today.
For most employees, this equates to an average of more than 7 percent of their annual pay in 2017. In addition, 23,000 Air Group employees will receive a one-time $1,000 bonus on Jan. 29 from additional tax savings the company expects to receive this year.
The company’s annual bonus, called Performance Based Pay (PBP), is determined by meeting or exceeding specific company-wide goals for safety, customer satisfaction, cost control, customer loyalty and profit. For the ninth year in a row, employees will enjoy a payout of about an additional month’s pay.
“In light of so many important achievements in the last year, including meeting several integration milestones, I’d like to thank all 23,000 employees at Alaska, Virgin America, Horizon and McGee Air Services for their hard work and laser-like focus on safety,” said Ben Minicucci, Alaska Airlines’ president and COO.
“It’s an honor to work alongside such dedicated, committed employees who deliver outstanding service to our guests every day.”
The PBP bonus is in addition to the approximately $7 million in monthly operational bonuses that employees earned over 2017 for achieving monthly on-time and customer satisfaction goals. The combined monthly, annual and one-time bonuses paid to employees total $148 million.