The restrictions under the CARES Act prohibited airline companies from paying dividends or buying back shares till Sep 30, 2022. This Atlanta-based carrier had to suspend its dividend payout during the COVID-19 pandemic. The renewed dividend will be paid on Aug 7, 2023, to all shareholders of record as of Jul 17, 2023. Delta Air Lines’ board of directors approved a quarterly dividend payment of 10 cents per share.
Recap of the Past Week’s Most Important Storiesġ. More May traffic-related updates were discussed in the previous week’s writeup. An expansion-related update was also made available from Alaska Airlines, the wholly-owned subsidiary of Alaska Air Group ALK in the past week.Ĭopa Holdings CPA reported a double-digit increase in revenue passenger kilometers or RPK (a measure of traffic) for the month of May, driven by upbeat air travel demand. In the past week, investors were in for some good news as Delta Air Lines’ DAL management announced the reinstatement of its practice of paying quarterly dividends after a COVID-induced hiatus.Īllegiant Travel Company ALGT was also in the news following a pay-related tentative deal inked by the carrier with the Transport Workers Union or TWU, which represents nearly 1,900 flight attendants of ALGT.
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