Employees of Alaska Air Group companies Alaska Airlines and Horizon Air are receiving $100 million in bonuses on the 10th of February 2017. For most employees, this equates to more than 8% of their annual pay in 2016, Alaska announced.

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. Alaska explained that for the eighth year in a row, employees will receive a payout of about an additional month's pay.

Alaska Airlines CEO Brad Tilden said: "We know it is our incredibly hard-working employees who truly make our airline the best in the industry, and we're thrilled to be able to say thank you with a bonus for outstanding performance."

The PBP bonus is in addition to the approximately $15 million in 2016 operational bonuses that employees earned for achieving monthly on-time and customer satisfaction goals. The combined monthly and annual 2016 bonuses paid to employees totals $115 million.

Alaska Air Group reported January operational results on a consolidated basis, for its mainline operations operated by subsidiaries Alaska Airlines (Alaska) and Virgin America (Virgin America), and for its regional flying operated by subsidiary Horizon Air Industries (Horizon) and third-party regional carriers, SkyWest Airlines and Peninsula Airlines (Regional).

Starting this year, Virgin America employees are included in Alaska's PBP program, as Alaska closed its acquisition of Virgin America in December 2016.

The company said that Alaska Airlines and Virgin America along with their regional partners, fly 40 million customers a year to 118 destinations with an average of 1,200 daily flights across the United States and to Mexico, Canada, Costa Rica and Cuba.