Below is an aggregated list of passenger airline companies that have communicated to external stakeholders regarding COVID-19 impacts. The Clermont Partners team will continue to monitor industry movements; however, we do anticipate the volume of communications, specifically around guidance updates, will increase as companies work on closing out the quarter and have a better idea of the impact this pandemic is likely to have on near-term operations.
***Updated as of 4:30 PM CST on April 8, 2020
Guidance withdrawn
- American Airlines
- Copa Holdings
- Delta Air Lines
- Hawaiian Holdings
- JetBlue Airways
- Mesa Air Group
- SkyWest
- Southwest Airlines
- Spirit Airlines
- United Airlines
Dividend suspension
Executive compensation reductions
Share repurchase suspension
- Delta Air Lines
- Allegiant Travel Company
- Alaska Air Group
- United Airlines
- Delta Air Lines
- Hawaiian Holdings
- JetBlue Airways
- Southwest Airlines
- United Airlines
Implementation of flight restrictions and other strategic measures
- Alaska Air Group, reduced flight schedule for April and May by 70%, updated capacity reduction plans to reflect 80% cuts in April and May
- Allegiant Travel Company
- American Airlines, cutting summer international capacity by 60%, additional adjustments to schedule
- Copa Holdings
- Delta Air Lines
- Hawaiian Holdings
- JetBlue Airways, temporarily consolidates service in five domestic metro areas
- SkyWest
- Southwest Airlines
- United Airlines, cutting nearly 90% of New York-area flying
FAQ
General statements issued on social media or corporate sites and other initiatives
- Alaska Air Group
- Allegiant Travel Company
- American Airlines, notes distribution of employee letter relating to COVID-19 in 8-K
- Copa Holdings
- Delta Air Lines, projects 90% revenue drop
- Hawaiian Holdings
- JetBlue Airways, CEO statement regarding CARES Act
- Southwest Airlines
- Spirit Airlines, pandemic update in 8-K, limited duration stockholder rights agreement
- United Airlines, announced it will not conduct involuntary furloughs or pay cuts, partnering with New York to provide free flights to volunteers, waived all 2020 change fees
Monitored companies
- Alaska Air Group, Inc.
- Allegiant Travel Company
- American Airlines Group, Inc.
- Copa Holdings, S.A. Class A
- Delta Air Lines, Inc.
- Hawaiian Holdings, Inc.
- JetBlue Airways Corporation
- Mesa Air Group Inc
- SkyWest, Inc
- Southwest Airlines Co.
- Spirit Airlines, Inc.
- United Airlines Holdings, Inc.
