Air Transportation
Data updated July 2026
8 companies · FY2025
Reading the Air Transportation CEO Pay Landscape (SIC 45, FY2025)
The Air Transportation industry, classified under 2-digit SIC code 45, had 8 SEC-reporting public companies disclose CEO pay ratio data in fiscal year 2025. Across that set of firms, the median CEO-to-worker pay ratio was 96:1 and the average was 117:1. Median CEO total compensation in the sector was $6.7M, with the sector-wide average at $12.0M. These figures are aggregated from DEF 14A proxy statements filed under Section 953(b) of the Dodd-Frank Act, which requires every U.S.-listed reporting company to compare its CEO's total compensation against a representative median employee.
Pay dispersion inside this industry is substantial. The 25th percentile CEO in Air Transportation earned $5.8M, while the 75th percentile CEO earned $16.5M - a spread that shows how firm size, equity-heavy compensation packages, and performance-linked incentives can drive very different outcomes even among peers sharing the same SIC code. When the average and median ratios are close, as they are here, pay practices in the sector are relatively uniform and the median is a reliable representative value.
Below you can scan each of the 22 Air Transportation companies PlainCEOPay currently tracks in this SIC group, with reported CEO total compensation, median worker pay, and individual pay ratios. Company pages show how each available filing compares with this industry benchmark. The current dataset does not include a CEO name or an itemized compensation breakdown for each company. All displayed figures are drawn from SEC EDGAR filings; they are not estimated, imputed, or projected.
Companies in Air Transportation (22)
| Company | CEO Pay | Median Worker | Pay Ratio | FY |
|---|---|---|---|---|
| American Airlines Group Inc.SEC EDGAR DEF 14A, CIK 6201 | $31.4M | $68K | 464:1 | 2023 |
| United Airlines Holdings, Inc.SEC EDGAR DEF 14A, CIK 100517 | $32.3M | $97K | 334:1 | 2025 |
| Fedex CorpSEC EDGAR DEF 14A, CIK 1048911 | $12.4M | $43K | 288:1 | 2023 |
| Fedex CorpSEC EDGAR DEF 14A, CIK 1048911 | $12.9M | $51K | 254:1 | 2024 |
| United Airlines Holdings, Inc.SEC EDGAR DEF 14A, CIK 100517 | $18.6M | $81K | 229:1 | 2023 |
| Jetblue Airways CorpSEC EDGAR DEF 14A, CIK 1158463 | $10.7M | $51K | 212:1 | 2023 |
| Delta Air Lines, Inc.SEC EDGAR DEF 14A, CIK 27904 | $19.2M | $101K | 190:1 | 2025 |
| Delta Air Lines, Inc.SEC EDGAR DEF 14A, CIK 27904 | $34.2M | $102K | 188:1 | 2023 |
| Frontier Group Holdings, Inc.SEC EDGAR DEF 14A, CIK 1670076 | $8.6M | $55K | 157:1 | 2023 |
| Frontier Group Holdings, Inc.SEC EDGAR DEF 14A, CIK 1670076 | $6.5M | $54K | 120:1 | 2025 |
| Skywest IncSEC EDGAR DEF 14A, CIK 793733 | $5.6M | $48K | 116:1 | 2023 |
| Skywest IncSEC EDGAR DEF 14A, CIK 793733 | $6.7M | $58K | 115:1 | 2025 |
| Spirit Aviation Holdings, Inc.SEC EDGAR DEF 14A, CIK 1498710 | $6.6M | $62K | 107:1 | 2023 |
| Sun Country Airlines Holdings, LLCSEC EDGAR DEF 14A, CIK 1743907 | $3.5M | $39K | 90:1 | 2024 |
| Republic Airways Holdings Inc.SEC EDGAR DEF 14A, CIK 810332 | $5.1M | $66K | 77:1 | 2025 |
| Bristow Group Inc.SEC EDGAR DEF 14A, CIK 1525221 | $5.1M | $95K | 54:1 | 2023 |
| Atlas Air Worldwide Holdings IncSEC EDGAR DEF 14A, CIK 1135185 | $7.3M | $136K | 54:1 | 2021 |
| Bristow Group Inc.SEC EDGAR DEF 14A, CIK 1525221 | - | - | 52:1 | 2025 |
| Jetblue Airways CorpSEC EDGAR DEF 14A, CIK 1158463 | $116K | $116K | 45:1 | 2025 |
| Allegiant Travel COSEC EDGAR DEF 14A, CIK 1362468 | $1.5M | $50K | 30:1 | 2023 |
| Republic Airways Holdings Inc.SEC EDGAR DEF 14A, CIK 810332 | $385K | $96K | 4:1 | 2023 |
| American Airlines Group Inc.SEC EDGAR DEF 14A, CIK 6201 | $13.9M | $89K | 1:1 | 2025 |
Frequently Asked Questions
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Read our methodology - how this data is sourced, computed, and verified.
Related
Every figure on PlainCEOPay is rendered directly from SEC EDGAR executive compensation filings, no number is typed in by an editor. Industry benchmarks are computed directly from SEC EDGAR filings, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.