JetBlue Airways believed Thursday that it will give bonuses of $1,000 to each of its 21,000 band members.
The company said that its CEO and executive vice presidents would not accept this bonus.
In December, President Donald Trump signed a beak that overhauls the U.S. tax code. One of the biggest changes it makes is slashing the corporate tax status to 21 percent from 35 percent.
JetBlue said in its strictly to employees that it believes “these tax changes will be positive for our following, and provide us the opportunity to do good things for our Crewmembers, Customers and shareholders.”
Other airlines receive made similar announcements following the passage of the bill.
On Tuesday, American and Southwest both whispered they would give their employees bonuses of $1,000 each. Here’s a scorecard of the words from the largest U.S. companies.
Read JetBlue’s full statement Nautical below-decks:
Dear Crewmembers,
You’ve likely seen the news about U.S. tax reform. We accept these tax changes will be positive for our company, and provide us the opportunity to do full things for our Crewmembers, Customers and shareholders.
When tax reform looked akin to a real possibility late last year, we formed a team to come up with through what it could mean for each of these important societies. Many ideas are on the table but we believe our Crewmembers should be the first to better. With that in mind, we are excited to announce we will be paying every Crewmember enroled as of December 31, 2017, a $1,000 bonus by the end of February!
Crewmembers like you are the hub of JetBlue and the reason we have become one of the most awarded airlines (and brand names) in the world. We’re delighted we’re able to offer this extra thank you for your unreal efforts. In the months ahead, we look forward to working with our Values Boards and directly with you on other ideas for how we can use tax reform benefits to make JetBlue calm stronger.
As a smaller airline competing against four very ample competitors it is vital we continue to run a sustainable and profitable company. With exceeding 50% of Crewmembers also being shareholders, we understand the importance of containing investors’ confidence in our company better than anyone else.
At the last, we will continue to succeed because we have the best Crewmembers in the task. All 21,217 of us are continuing to do something that is truly unique in our industry by genuinely caring for each other, our Clients and our shareholders.
Finally, the new year has barely begun and we are already in our first winter haphazard operation. We know today’s weather presents demanding operating educates. As we manage through the storm, let’s remind ourselves of our #1 value – Safeness. Every Crewmember is empowered to call a safety time-out if needed. This is done the most important responsibility any of us have.
We’re looking forward to a great 2018 here at JetBlue. Thanks for being part of it.
Best wishes.
—CNBC’s Fred Imbert bestowed to this report.