JetBlue giving employees $1,000 bonuses from corporate tax cut
JetBlue is giving each of its 21,000 employees an equal share of the $21 million corporate tax cut the airline is receiving this year.
The $1,000 bonuses will apply to all crewmembers who were employed by the company as of Dec. 31, 2017, except for the CEO and executive vice presidents. Employees can expect their payouts by the end of February.
"We believe these tax changes will be positive for our company, and provide us the opportunity to do good things for our crew members, customers and shareholders," CEO Robin Hayes said in a statement that was co-signed by JetBlue's executive vice presidents.
RELATED: Check out some of the top industries that pay the biggest cash bonuses every year:
The airline is benefitting from the new law signed into action last month by Congress and President Trump that reduced the corporate tax rate from 35% to 21%.
And JetBlue isn't the only carrier spreading the wealth to its staff. Southwest Airlines said it too will pay all full and part-time workers a $1,000 stipend without noting how many people it employs.
And American Airlines announced earlier this week that it is also doling out a $1,000 bonus to each member of its 130,000-person workforce. AA CEO Douglas Parker said the company would still benefit from the new tax law even though it wasn't paying federal income tax thanks to past bankruptcies, CNN Money reported.