Air Transportation
11 companies · FY2023
Reading the Air Transportation CEO Pay Landscape (SIC 45, FY2023)
The Air Transportation industry, classified under 2-digit SIC code 45, had 11 SEC-reporting public companies disclose CEO pay ratio data in fiscal year 2023. Across that set of firms, the median CEO-to-worker pay ratio was 157:1 and the average was 168:1. Median CEO total compensation in the sector was $8.6M, with the sector-wide average at $12.3M. 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 $5.3M, while the 75th percentile CEO earned $15.5M — 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 12 Air Transportation companies PlainCEOPay currently tracks in this SIC group, with headline pay, CEO name, median worker pay, and individual pay ratios. Click through to any company page to see the full compensation breakdown — base salary, stock awards, option awards, non-equity incentive pay, pension value changes, and other compensation — plus how that firm specifically compares to this industry benchmark. All data is pulled directly from SEC EDGAR filings and reflects what companies themselves disclosed to shareholders; it is not estimated, imputed, or projected.
Companies in Air Transportation (12)
| Company | CEO | CEO Pay | Median Worker | Pay Ratio | FY |
|---|---|---|---|---|---|
| American Airlines Group Inc.SEC EDGAR DEF 14A — CIK 6201 | — | $31.4M | $68K | 464:1 | 2023 |
| FEDEX CORPSEC EDGAR DEF 14A — CIK 1048911 | — | $12.4M | $43K | 288:1 | 2023 |
| 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 | — | $34.2M | $102K | 188:1 | 2023 |
| Frontier Group Holdings, Inc.SEC EDGAR DEF 14A — CIK 1670076 | — | $8.6M | $55K | 157:1 | 2023 |
| SKYWEST INCSEC EDGAR DEF 14A — CIK 793733 | — | $5.6M | $48K | 116:1 | 2023 |
| Spirit Aviation Holdings, Inc.SEC EDGAR DEF 14A — CIK 1498710 | — | $6.6M | $62K | 107:1 | 2023 |
| 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 |
| 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 |
Frequently Asked Questions
What's the typical pay ratio in Air Transportation? ▼
How much do Air Transportation CEOs earn? ▼
How many companies report CEO pay in Air Transportation? ▼
Where does this Air Transportation pay data come from? ▼
Read our methodology — how this data is sourced, computed, and verified.