Southwest says it will pay employee bonuses to mark tax bill

DALLAS (AP) — Southwest Airlines says it will pay all employees a $1,000 cash bonus next week and order more planes as a result of the recent tax law.
Southwest said Tuesday that it exercised options to buy 40 more Boeing jets valued at $4.5 billion while delaying 23 previous orders valued at $2.1 billion by up to five years. Airlines often get discounts from sticker prices.
The airline also says it will donate an extra $5 million to charities in 2018. It did not identify recipients.
Dallas-based Southwest pays cash taxes and so expects to benefit from the new law’s lower corporate income-tax rate. In addition, airlines should benefit from a provision that will let them expense the cost of new planes more quickly.

SHARE

RELATED CONTENT

Just Dunkin’: Dunkin’ Donuts to change its name Cosby gets to 3 to 10 years for 2004 sex assault A third of American adults age 45 and over are lonely, national survey finds Verizon Wireless working to fix widespread outage Kavanaugh says he was virgin in high school and college Woman says boyfriend pressed her to ‘produce a baby’
Comments