Alaska Airlines to give each employee $1,000 bonus at end of January

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ANCHORAGE (KTUU) - Employees at Alaska Airlines will be finding a pleasant surprise waiting for them in their accounts at the end of this month, according to representatives with the company.

"The company will be making the $1,000 bonus payment to employees on January 31," said Tim Thompson, spokesperson for the airlines.

The reason behind this, according to the CEO of Alaska Air Group Brad Tilden, is an "unexpected benefit" from the new tax plan passed by Congress last month and signed into law by President Trump.

The plan awarded significant tax cuts to large corporations, and Thompson said the savings landed by Alaska Air, a $7 billion company, are "pretty significant."

According to Tilden, the savings are high enough to distribute a fraction directly to the majority of its workers.

Employees included in the $1,000 bonus number roughly 21,280 people, and excludes officers and managing directors of the company. Doing the math, the payout will amount to roughly $21,280,000.

In addition to this bonus, Thompson said employees will still be getting their two other bonuses this year.

The first is the "operational performance review bonus," which Thompson said ranges "from zero to $1,200." The second is the annual "performance based pay" or PBP bonus, which Thompson said usually amounts to roughly four weeks of the employee's salary.

This comes after the company spent weeks assessing how significant the new tax plan would be for their corporation.