SeaTac's Alaska Air Group had a good year in 2010, and the airline holding company is sharing its good fortune with its employees this week.
The company, parent of Alaska Airlines and Horizon Air, is paying bonuses totaling $72 million to most of its 12,600 employees. Some $44 million of that amount will go to the airlines’ 6,600 employees in the Puget Sound area where both airlines are headquartered.
The bonuses amount to about 9 percent of pay, more than a month’s extra paycheck, for most employees.
The bonus payments now are in addition to monthly bonuses that totaled between $1,100 and $1,200 for airline workers during 2010. Those monthly bonuses were awarded on the basis of the airlines’ exceeding on-time and customer satisfaction goals.
The larger bonuses were the companies meeting operational and financial goals. Since Alaska implemented the bonus programs in 2003, average yearly payouts have been 5 percent.