ALPA ADVANCING AVIATION SAFETY AND SECURITY SINCE 1931

Release #: Vol. 85, No. 2
March 01, 2016

Sharing Our Success

 

Highlighting ALPA pilots’ commitment to flying for successful companies, the following is “good news” from our pilots’ airlines.

Alaska Airlines and Horizon Air Employees Receive Nearly Five Weeks' Extra Pay in Bonuses

Following a record fourth quarter and full-year earnings announcement, employees at Alaska Airlines and Horizon Air received bonuses of more than 9 percent of their annual pay, or nearly five weeks’ additional pay, for most workers. For the past seven years, employees have received an average annual bonus equal to approximately one month’s pay.

The company’s annual bonus, called Performance Based Pay (PBP), is determined by meeting or exceeding specific company-wide goals for safety, customer satisfaction, cost control, and profit. The PBP bonus is in addition to the approximately $1,100 in 2015 operational bonuses that most employees earned for achieving monthly on-time and customer satisfaction goals. The combined monthly and annual 2015 bonuses paid to employees totals $120 million.

“Our hardworking employees go beyond every day to deliver an outstanding on-time and hassle-free experience for our customers,” said Tammy Young, vice president of Human Resources. “We’re thrilled to make the same commitment to them with a prompt delivery of their well-earned annual bonus.”

Hawaiian Holdings Reports 2015 Financial Results

Financial Highlights:

  • GAAP [generally accepted accounting principles] net income in the fourth quarter grew to $37.9 million or $0.66 per diluted share, a year-over-year increase of $26.8 million or $0.49 per diluted share. For the full year, GAAP net income grew to $182.6 million or $2.98 per diluted share, a year-over-year increase of $113.7 million or $1.88 per diluted share.
  • Adjusted net income in the fourth quarter grew to $48.5 million or $0.85 per diluted share, an increase of $22.4 million or $0.45 cents per diluted share year-over-year. For the full year, adjusted net income grew to $189.3 million or $3.09 per diluted share compared to $97.1 million or $1.55 per diluted share in the prior year.
  • As of Dec. 31, 2015, unrestricted cash, cash equivalents, and short-term investments of $560 million.

Operational Highlights:

  • Ranked #1 nationally for on-time performance for the 12 months ended November 2015 by the U.S. Department of Transportation Air Travel Consumer Report.
  • Flew a record 10.7 million passengers in 2015, a 4.7 percent increase over the previous year.

“Our fourth quarter results finish off a great year for Hawaiian,” said Mark Dunkerley, Hawaiian Airlines president and chief executive officer. “The low cost of fuel, robust demand in all of our major geographies, manageable industry capacity growth between the U.S. mainland and Hawaii in the second half of the year, and the wonderful customer service delivered by my colleagues on the ground and in the air have combined for a record-setting 2015.”

Jazz Aviation Named One of Canada's Top Employers for Your People for a Fourth Year

Jazz Aviation has earned a spot on Mediacorp Canada, Inc.’s Canada’s Top Employers for Young People listing, an annual survey of Canadian businesses.

Jazz was recognized for investing in pathway programs where top-performing students of aviation colleges may be selected for airline interviews and provided with mentoring and support and for offering scholarships to students enrolled in aircraft maintenance engineer (AME) programs at local community colleges and for mentoring apprentice AMEs.

This article is from the March 2016 issue of Air Line Pilot magazine, the Official Journal of the Air Line Pilots Association, International—a monthly publication for all ALPA members.

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