Southwest and American Airlines celebrate the GOP tax plan with $1,000 bonuses for employees

Southwest and American Airlines have joined a handful of corporate giants that have announced $1,000 employee bonuses following the GOP tax overhaul that President Donald Trump signed into law last month.

In a pair of press releases on Tuesday, both airlines specifically cited sweeping new tax reforms that passed Congress on December 20. Among other things, the legislation known as the Tax Cuts and Jobs Act cuts the corporate tax rate from 35% to 21%.

American Airlines’ bonuses, given to employees at its mainline and wholly owned regional carriers, totals about $130 million, according to the airline, which said the money would arrive sometime in the first quarter of 2018. Southwest said all of its full-time and part-time employees would receive their $1,000 on January 8.