Pair | Ticker | Company Name | Exchange | Mean Market Caps | Strategy |
1 | AAL | American Airlines | Nasdaq | 17.61 | No Hedge |
| LUV | Southwest Airlines | NYSE | 23.56 | Financial Derivatives |
2 | FDX | FedEx | NYSE | 45.18 | Surcharge Program |
| DAL | Delta Air Lines | NYSE | 34.52 | Financial Derivatives |
3 | ALGT | Allegiant Travel | Nasdaq | 2.67 | Fixed Fee Agreement |
| SAVE | Spirit Airlines | Nasdaq | 4.48 | Financial Derivatives |