Alaska Air Group (NYSE:ALK) announced today that it paid $88 million in bonuses to its 13,000 employees in 2012. The amount equates to approximately one month's additional pay and is equivalent to 28% of the airline's 2012 net income.

"We're pleased to share the company's financial success with our amazing employees at Alaska Airlines and Horizon Air," said CEO Brad Tilden in a statement today. "Their teamwork and dedication to our customers are at the heart of our success. On behalf of the leadership team, I want to thank and congratulate our people for their outstanding efforts."

Alaska Airlines has received numerous awards for its timeliness and customer service, and the company's sales have increased 27% over the past five years. In the same period, its shares have grown an astounding 428%, compared with the Dow Jones U.S. Airlines Index's 49% return.


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In a rare instance of union-airline agreement, Aircraft Mechanics Fraternal Association Local 14 President Tim Cullen notedm "This performance-based pay represents not just a bonus from Alaska Airlines, but from the customers whom we serve through exceptional service and, above all for us, exceptional aircraft maintenance technicians."

Fool contributor Justin Loiseau has no position in any stocks mentioned and has never been to Alaska. You can follow him on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo.

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