Delta to restrict executive bonuses if profit sharing is put on hold

With the economic fallout from the novel coronavirus pandemic likely to put a halt to Delta’s profit sharing, the airline is planning to restrict executive bonuses in 2021. Under a newly adopted management incentive plan, Delta Air Lines Inc. (NYSE: DAL) will not award cash performance bonuses to executives in 2021 so long as there is “no payout to employees under Delta’s broad-based profit sharing program,” the Atlanta-based carrier said in a filing with the U.S. Securities and Exchange Commission.…

With the economic fallout from the novel coronavirus pandemic likely to put a halt to Delta’s profit sharing, the airline is planning to restrict executive bonuses in 2021. Under a newly adopted management incentive plan, Delta Air Lines Inc. (NYSE: DAL) will not award cash performance bonuses to executives in 2021 so long as there is “no payout to employees under Delta’s broad-based profit sharing program,” the Atlanta-based carrier said in a filing with the U.S. Securities and Exchange Commission.…

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