[Image source = AP Yonhap News]
Amid growing expectations for a recovery in the airline industrys earnings amid explosive demand growth amid the aftermath of COVID-19, Delta Air Lines is raising its employees wages for the first time since the COVID-19 crisis.
According to major foreign media on the 17th, Delta Air Lines will raise the wages of its global employees by about 4% from May 1st. About 75,000 employees are covered, and pilots whose wages are determined according to a labor union contract are excluded.
Delta Air Lines chief executive Ed Bastian said in a note to employees that the spring and summer travel season appears to be robust in air demand and customers are returning to Delta as businesses resume business travel and face-to-face relationships resume. He added that the pay increases are a direct result of the daily commitment and hard work of our employees, adding that Delta is optimistic about our ability to generate revenue this year.
Earlier, Delta Air Lines Chairman Glenn Hauenstein said at an investor conference on the 15th that he was witnessing a surge in demand at an unparalleled level and predicted that earnings would exceed expectations despite an increase in fuel costs due to rising oil prices.