In the past few weeks, prominent US airlines have unveiled their proxy statements, disclosing executive pay information for 2025. These documents provide an intriguing view of how airline CEOs were compensated, particularly following the lifting of the compensation limits set by the CARES Act from 2020 to 2022. The CARES Act restricted CEO pay to $3 million plus 50% of any earnings beyond $3 million in 2019, with these limitations concluding on April 1, 2023.
In 2025, United Airlines CEO Scott Kirby emerged as the top-paid CEO, with earnings of $32.3 million, a slight drop from $33.9 million in 2024. His total compensation comprised a $1.2 million base salary, $8 million in non-equity incentive plan pay, and $22.6 million in stock awards. Delta Air Lines CEO Ed Bastian experienced a decrease in pay to $19.2 million from $27.1 million in 2024. Meanwhile, Southwest Airlines CEO Bob Jordan’s earnings rose considerably to $16.6 million from $10.6 million in 2024, whereas American Airlines CEO Robert Isom received $13.9 million, down from $15.6 million in 2024.
The composition of these compensation packages varied among airlines, indicating that not all remuneration was in cash. The figures reflect each airline’s financial success and stock market performance, with United’s robust results justifying Kirby’s elevated pay. Conversely, Delta’s reduced compensation for Bastian implies challenges the airline is encountering. Southwest’s enhanced stock performance led to Jordan’s salary increase, while Isom’s steady pay at American Airlines raises questions regarding his leadership.
Overall, airline CEO pay in 2025 remained relatively unchanged compared to 2024, with significant shifts for Delta and Southwest’s CEOs. Despite industry challenges, airline CEOs continue to receive considerable compensation, underscoring the high stakes and expectations within the aviation industry.