The United Airlines (UAL) 737-800 can’t be considered the cheapest flight in the world, but the airline is offering a $5,000 bonuses to passengers on its Boeing 737 flights.
That’s because the 737-200s Airbus A380 jets are only $2,200 cheaper than the 737 and can seat up to 15 passengers.
The United CEO also told investors that the airline was investing $3 billion to buy new planes, and the bonus program will be rolled out over the next year.
The airline also announced that it’s planning to offer additional benefits for first-time customers.
First-time flyers will receive an extra $2.50 off the first-class cabin, and an additional $5 in first-mile parking fees.
United Airlines is offering $5 million in cash bonuses to new employees, and it will also be offering $2 million in matching funds to new passengers.
United will also pay out a bonus of $5 to new U.S. residents who earn at least $50,000.
United’s shares are up $1.35 in after-hours trading Thursday.
The company also said it was cutting about 300 jobs and investing $2 billion in new facilities.
The stock fell 3 percent to $9.65 a share.