------------------------------------------------------
The chief financial officer of Delta Air Lines Inc., Edward Bastian, earned more than $826,000 in total compensation last year, the bankrupt carrier said in a regulatory filing Friday.
Bastian's compensation included a salary of $264,616, a bonus of $350,000, and other compensation totaling $212,230, the Securities and Exchange Commission filing says.
The bonus stems from a one-time payment the nation's third-largest carrier gave Bastian to compensate him for having to repay a significant portion of a previous signing bonus.
The bulk of the money listed as other compensation relates to a one-time payment Atlanta-based Delta gave Bastian as part of a separation agreement when he resigned in April 2005 from a previous position at Delta.
Delta, which has operated under bankruptcy protection since September, has imposed pay cuts on most employees and has been seeking more pay cuts from its 5,930 pilots, who are represented by a union.
The Enquirer (Cincinnati)
Comment Preview