Delta Air Lines, Atlanta, plans to contribute $558 million by the end of this month to its four defined benefit pension plans covering most U.S. employees — seven months ahead of schedule.
With this month's contribution, Delta will have put a total of $665 million into the plans this year.
“Putting this money into our pension plans earlier means it will start working for employees sooner, by earning returns that add to the plan assets,” Mike Campbell, Delta executive vice president of human resources, said in a news release.
Delta also has contributed $100 million to its defined contribution 401(k) plans so far this year and plans to contribute another $200 million by the end of 2010, according to the release.
A Delta Air Lines spokesman could not be reached for comment.