DALLAS — Texas-based Southwest Airlines and American Airlines announced Tuesday they will give their employees a $1000 bonus in celebration of the recent tax reform bill.

"We are excited about the savings and additional capital, which we intend to put to work in several forms—to reward our hard-working Employees, to reinvest in our business, to reward our Shareholders, and to keep our costs and fares low for our customers,” Southwest's Chairman and Chief Executive Officer Gary Kelly wrote.

American Airlines sent out a letter to each team member saying, “We are pleased to announce that in light of this new tax structure and in recognition of our outstanding team members, American will distribute $1,000 to each team member (excluding Officers) at our mainline and wholly owned regional carriers.”

Southwest Airlines also plans to increase its fleet investments and plans to give $5 million in charitable donations.

“We will work with our charitable partnerships to put this money to work in the communities we serve and where our Employees work and live," Kelly wrote.