Tuesday, January 2, 2018

Southwest announces $1,000 bonuses for employees because of tax bill

Via Billy


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.

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