Delta Air Lines Inc., Atlanta, plans to contribute an additional $1 billion to its defined benefit pension plans over the next five years, according to an 8-K filing with the Securities and Exchange Commission on Wednesday.
The amount is in addition to the minimum annual funding requirements of $650 million to $700 million, according to the filing.
As of Dec. 31, the company's defined benefit plan assets totaled $8.2 billion and projected benefit obligations totaled $21.5 billion, for a funding ratio of 38.1%.
The company contributed $697 million to its pension plans in 2012.
A Delta Airlines spokesman could not be reached for further information by press time.