Sector Spotlight – Passenger Airlines: Updates Amid COVID-19 Uncertainty

May 7, 2020

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 5:30 PM CST on May 7, 2020

Guidance withdrawn

Dividend suspension

Executive compensation reductions

Share repurchase suspension

Implementation of flight restrictions and other strategic measures



General statements issued on social media or corporate sites and other initiatives

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.
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