Southwest Airlines Co. (NYSE: LUV) has announced the company´s plans to celebrate the recent tax reform legislation, the company said.
The Southwest board of directors authorized a bonus to all Southwest Airlines Employees to celebrate the recent passage of the tax reform legislation. All Fulltime and Parttime Southwest Employees employed with Southwest on Dec. 31, 2017, will receive a USD 1,000 cash bonus on Jan. 8, 2018.
Southwest also is increasing its fleet investment with its longtime business partner, Boeing, to support future growth opportunities and fleet modernization at favorable economics. The company exercised 40 Boeing 737 MAX 8 options for 15 firm orders in 2019 and 25 firm orders in 2020, and deferred 23 Boeing 737 MAX 7 firm orders from 2019 through 2021 to 12 firm orders in 2023 and 11 firm orders in 2024. The company´s 2018 available seat mile growth plans remain unchanged.
In its 47th year of service, Dallas-based Southwest Airlines Co. (NYSE: LUV) operates more than 4,000 weekday departures among a network of 100 destinations in the United States and 10 additional countries.