20-297D 20-297D . . . Compensation Program for Officers and Certain Key Management Personnel which is administered by Chief Executive Officer with approval of Compensation Committee. Participants receive variable compensation tied directly to achievement of key corporate-wide objectives. Participants fall within either Band A, Band B, or Band C depending on nature of their positions and their impact on corporation. Opportunities for variable compensation awards vary depending upon which "Band" participant falls into. Awards can range from 12.5% to 75% of base salaries. Plan provides that awards will not be paid unless earnings, after subtracting variable compensation, are greater than dividends paid in year for which variable compensation is to be awarded. Awards are paid in cash, stock grants and restricted stock (no transferability during first five years after grant and forfeiture of stock upon termination of employment, except for retirement, death or disability, during first years after grant)
Alaska Compensation Program for Officers and Certain Key Management Personnel with attachments
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The average Alaska Airlines salary ranges from approximately $44,474 per year for a Customer Care Representative to $305,030 per year for a Managing Director. The average Alaska Airlines hourly pay ranges from approximately $21 per hour for a Passenger Service Agent to $137 per hour for an Airline Pilot.
Today, we're awarding more than $130 million in annual bonuses to recognize their passion, dedication and hard work. For most employees, this equates to more than 7% of their annual pay in 2019, about a month's extra pay.
Recorded $257 million of incentive pay in 2022 earned by employees for meeting or exceeding profitability, safety and emissions targets. The payout is the richest in the 20-year history of the plan, representing nearly six weeks of pay for most employees.
Employees begin with 4 weeks PTO per year, which starts accruing immediately. You earn an extra week after 5 years (5 weeks) and another after 10 years (6 weeks.