Australian (ASX) Airlines Industry Analysis

UpdatedJul 26, 2026

DataAggregated Company Financials

Companies2

7D-2.4%
3M18.5%
1Y-9.7%
YTD-5.4%

Over the last 7 days, the Airlines industry has dropped 2.6%, driven by pullbacks from every company within the industry. The industry has fallen 8.2% in the last year. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the Australian Airlines Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 26 Jul 2026	AU$14.9b	AU$25.4b	AU$1.5b	9.2x	9.7x	0.6x
Tue, 23 Jun 2026	AU$15.0b	AU$25.4b	AU$1.5b	9.3x	9.8x	0.6x
Thu, 21 May 2026	AU$12.6b	AU$25.4b	AU$1.5b	7.8x	8.2x	0.5x
Sat, 18 Apr 2026	AU$13.6b	AU$25.4b	AU$1.5b	8.4x	8.9x	0.5x
Mon, 16 Mar 2026	AU$12.9b	AU$25.4b	AU$1.5b	7.9x	8.4x	0.5x
Wed, 11 Feb 2026	AU$15.5b	AU$24.6b	AU$1.7b	6.3x	9.3x	0.6x
Fri, 09 Jan 2026	AU$15.8b	AU$24.6b	AU$1.7b	6.5x	9.5x	0.6x
Sun, 07 Dec 2025	AU$14.7b	AU$24.6b	AU$1.7b	6.3x	8.9x	0.6x
Tue, 04 Nov 2025	AU$15.8b	AU$24.6b	AU$1.7b	8.3x	9.5x	0.6x
Thu, 02 Oct 2025	AU$16.4b	AU$24.6b	AU$1.7b	8.2x	9.9x	0.7x
Sat, 30 Aug 2025	AU$17.8b	AU$24.6b	AU$1.7b	8.7x	10.7x	0.7x
Mon, 28 Jul 2025	AU$16.5b	AU$23.6b	AU$1.4b	9.6x	12.1x	0.7x
Wed, 25 Jun 2025	AU$15.7b	AU$23.6b	AU$1.4b	8.8x	11.5x	0.7x
Fri, 23 May 2025	AU$15.5b	AU$23.6b	AU$1.4b	8.9x	11.3x	0.7x
Sun, 20 Apr 2025	AU$13.1b	AU$23.6b	AU$1.4b	8.1x	9.5x	0.6x
Tue, 18 Mar 2025	AU$13.7b	AU$23.6b	AU$1.4b	8.2x	10x	0.6x
Thu, 13 Feb 2025	AU$445.8m	AU$646.1m	AU$60.5m	7.4x	7.4x	0.7x
Sat, 11 Jan 2025	AU$471.0m	AU$646.1m	AU$60.5m	7.8x	7.8x	0.7x
Mon, 09 Dec 2024	AU$456.5m	AU$646.1m	AU$60.5m	7.6x	7.6x	0.7x
Wed, 06 Nov 2024	AU$432.4m	AU$646.1m	AU$60.5m	7.2x	7.2x	0.7x
Fri, 04 Oct 2024	AU$524.2m	AU$1.3b	AU$88.1m	5x	6x	0.4x
Sun, 01 Sep 2024	AU$529.0m	AU$1.3b	AU$88.1m	5x	6x	0.4x
Tue, 30 Jul 2024	AU$557.1m	AU$1.2b	AU$83.8m	5.6x	6.6x	0.5x
Thu, 27 Jun 2024	AU$564.3m	AU$1.2b	AU$83.8m	5.6x	6.7x	0.5x
Sat, 25 May 2024	AU$564.1m	AU$1.2b	AU$83.8m	5.7x	6.7x	0.5x
Mon, 22 Apr 2024	AU$579.7m	AU$1.2b	AU$83.8m	6x	6.9x	0.5x
Wed, 20 Mar 2024	AU$570.7m	AU$1.2b	AU$83.8m	5.9x	6.8x	0.5x
Fri, 16 Feb 2024	AU$556.9m	AU$1.2b	AU$70.5m	7.6x	7.9x	0.5x
Sun, 14 Jan 2024	AU$616.1m	AU$1.2b	AU$50.8m	10.5x	12.1x	0.5x
Tue, 12 Dec 2023	AU$549.1m	AU$1.2b	AU$50.8m	9.6x	10.8x	0.5x
Thu, 09 Nov 2023	AU$565.4m	AU$1.2b	AU$50.8m	9.8x	11.1x	0.5x
Sat, 07 Oct 2023	AU$599.5m	AU$1.2b	AU$50.8m	10.4x	11.8x	0.5x
Mon, 04 Sep 2023	AU$637.8m	AU$1.2b	AU$50.8m	11.2x	12.5x	0.6x
Wed, 02 Aug 2023	AU$657.5m	AU$972.6m	-AU$21,218,000.00	111.4x	-31x	0.7x

Price to Earnings Ratio

-31x

Wed, 02 Aug 2023

Current Industry PE

There are only 2 companies in the Australian Airlines industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.

Past Earnings Growth

Total earnings for the Airlines industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 197% per year.
This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.