The Biz Buzz

Get the most up-to-date news, insights and analysis of Tacoma, Pierce County and South Puget Sound business.

NOTICE: The Biz Buzz has moved.

With the launch of our new website, we've moved The Biz Buzz.
Visit the new section.

It’s bonus day for Alaska Air Group workers

Post by John Gillie / The News Tribune on Feb. 29, 2012 at 12:39 pm with No Comments »
February 29, 2012 4:34 pm

Leap day is reason for celebration this year for Alaska Air Group’s 12,800 employees. Today is the day the airline is paying out bonuses totaling $53.8 million.

For the average employee that means a bonus of about 6.7 percent of their annual pay, about three weeks’ pay for most workers. The bonus payments are tied to the company’s meeting its operational and financial goals.

That one-time bonus is in addition to the more than $1,000 in periodic bonuses each employee earned in the last year when the company exceeded its goals for customer satisfaction and on-time performance.

Combined with the $53.8 million, the total Alaska Air Group bonuses totaled nearly $72 million, said the airline holding company.

Alaska Air Group, based in SeaTac, is the parent company of Alaska Airlines and regional carrier Horizon Air.

Of the bonus total, $33 million, or 61 percent, is being paid to Alaska Airlines and Horizon Air employees in the Puget Sound area. The two airlines employ 6,300 workers in the Puget Sound area.

Don’t expect those employees all to go on a buying spree with their windfall cash.
The airline holding company recently asked employees what their top choices were for the bonus money.

At the top of the list was paying bills followed by taking a vacation, saving, home improvement and giving to charity.

Leave a comment Comments
*
We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part and abiding by these simple rules.

JavaScript is required to post comments.

Follow the comments on this post with RSS 2.0