Alaska Air Group (ALK) will suspend its quarterly dividend in 2020 because of the COVID-19 pandemic. Alaska Air last raised its quarterly dividend by 7.1 percent to $0.375 per share in the first quarter of 2020, marking the 7th consecutive year of dividend increases for airline company.

In a press release on March 25, 2020 Alaska Air announced schedule reductions and other changes to conserve cash, including the suspension of the company's cash dividend. Earlier Alaska Air had already suspended the share repurchase program.

Alaska Air Group, Inc. is the parent company of Alaska Airlines, Inc., Virgin America Inc., and Horizon Air Industries, Inc. The company operates daily flights across the United States and to Mexico, Canada, Costa Rica and Cuba. Alaska Airlines and its regional partners fly 47 million guests a year to more than 115 destinations with an average of 1,300 daily flights. The company had been paying a dividend (again) since 2013 before the suspension in 2020 related to the COVID-19 pandemic was announced.