Southwest Airlines is awarding its employees with $1,000 bonuses in response to the GOP’s tax bill, the company announced Tuesday.
“We applaud Congress and the president for taking this action to pass legislation, which will result in meaningful corporate income tax reform for the transportation sector in general, and for Southwest Airlines, in particular,” Southwest’s CEO Gary Kelly said. “We are excited about the savings and additional capital, which we intend to put to work in several forms — to reward our hard-working employees, to reinvest in our business, to reward our shareholders, and to keep our costs and fares low for our customers.”
Kelly also said the company donated an incremental $5 million to charities because of the tax reform bill.
The bonuses will be awarded to all full-time and part-time employees who worked for the company on Dec. 31. Workers will receive the cash bonus Jan. 8.
Southwest joins a growing number of companies that announced rewards for employees after Congress passed the tax bill.
Several, including Wells Fargo and Fifth Third Bancorp, are raising their minimum wages to $15 an hour. Others like AT&T announced bonuses for employees.
The Republican-led Congress passed its bill reforming the tax code last month, and President Trump signed it into law just before Christmas.