Hawaiian Airlines Friday paid the last profit sharing bonus, $1.6 million, to employees under a program that was negotiated last year. The company said high fuel prices and other costs limited the bonus. “Hawaiian’s employees have done a terrific job,
Hawaiian Airlines Friday paid the last profit sharing bonus, $1.6 million, to employees under a program that was negotiated last year. The company said high fuel prices and other costs limited the bonus.
“Hawaiian’s employees have done a terrific job, providing some of the best and most reliable service in the nation while handling more and more travelers,” said Joshua Gotbaum, Trustee of Hawaiian Airlines, in a press release.
In response to questions from employees about the possibility the program might be continued, Gotbaum said, “Everyone contributes to Hawaiian’s success, I think everyone agrees that sharing profits is the right thing to do and should be a part of the next round of negotiations on pay and benefits, whenever those occur.”
Today’s payment brings the total in “employee profit sharing bonuses to $8.6 million for performance over the post five quarters and concludes the program that Hawaiian and its employees agreed to as part of labor negotiations in early 2003. Under the agreement, 10 percent of the company’s operating profits in excess of its’quarterly targets were paid out as quarterly bonuses.
