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Delta contributing 1 percent of profit to charity

Atlanta-based Delta Air Lines is donating 1 percent of its profits to charity, the company announced Friday.

According to Delta's incoming CEO Ed Bastian, the company plans to contribute 1 percent of its net income from the previous year to charitable organizations, including contributions of cash, in-kind travel and grants from the Delta Air Lines Foundation .

“That means in 2016, we’re going to give $37 million to charitable organizations worldwide, more than twice what we gave in the prior year," Bastian said in a video statement.

Delta had net income of $4.5 billion in 2015, more than six times its net income of $659 million in 2014.

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About the Author

Business reporter Kelly Yamanouchi covers airlines and the airport.