Delta Air Lines Inc., Atlanta, plans to make voluntary contributions totaling $500 million to its defined benefit plans in 2020, the company disclosed Thursday in a 10-K filing with the SEC.
The company has no minimum funding requirements for the year and contributed $1.02 billion to the plans in 2019. Delta contributed $523 million to the plans in 2018.
As of Dec. 31, the company's defined benefit plan assets totaled $15.845 billion, while projected benefit obligations totaled $21.199, for a funding ratio of 74.7%, up from 67.9% a year earlier, according to the 10-K filing. The discount rate as of that date was 3.4%, down from 4.33% the year before.