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Australian (ASX) Airlines Industry Analysis

UpdatedJun 08, 2026
DataAggregated Company Financials
Companies2
  • 7D-2.7%
  • 3M7.7%
  • 1Y-16.2%
  • YTD-13.0%

Over the last 7 days, the Airlines industry has dropped 2.7%, driven by declines from every company within the industry. However, the industry is down 16% over the past year. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 08 Jun 2026AU$13.7bAU$25.4bAU$1.5b8.5x9x0.5x
Wed, 06 May 2026AU$12.5bAU$25.4bAU$1.5b7.7x8.2x0.5x
Fri, 03 Apr 2026AU$12.8bAU$25.4bAU$1.5b7.9x8.3x0.5x
Sun, 01 Mar 2026AU$14.9bAU$25.4bAU$1.5b9.2x9.7x0.6x
Tue, 27 Jan 2026AU$15.5bAU$24.6bAU$1.7b6.4x9.3x0.6x
Thu, 25 Dec 2025AU$15.4bAU$24.6bAU$1.7b6.5x9.3x0.6x
Sat, 22 Nov 2025AU$14.1bAU$24.6bAU$1.7b6.1x8.5x0.6x
Mon, 20 Oct 2025AU$16.1bAU$24.6bAU$1.7b8.3x9.7x0.7x
Wed, 17 Sep 2025AU$16.7bAU$24.6bAU$1.7b8.3x10.1x0.7x
Fri, 15 Aug 2025AU$17.6bAU$23.6bAU$1.4b9.9x12.8x0.7x
Sun, 13 Jul 2025AU$16.5bAU$23.6bAU$1.4b9.6x12x0.7x
Tue, 10 Jun 2025AU$16.4bAU$23.6bAU$1.4b9.4x12x0.7x
Thu, 08 May 2025AU$14.6bAU$23.6bAU$1.4b8.7x10.6x0.6x
Sat, 05 Apr 2025AU$12.9bAU$23.6bAU$1.4b8x9.4x0.5x
Mon, 03 Mar 2025AU$14.5bAU$23.6bAU$1.4b8.9x10.6x0.6x
Wed, 29 Jan 2025AU$447.4mAU$646.1mAU$60.5m7.4x7.4x0.7x
Fri, 27 Dec 2024AU$463.0mAU$646.1mAU$60.5m7.7x7.7x0.7x
Sun, 24 Nov 2024AU$418.0mAU$646.1mAU$60.5m6.9x6.9x0.6x
Tue, 22 Oct 2024AU$521.0mAU$1.3bAU$88.1m4.9x5.9x0.4x
Thu, 19 Sep 2024AU$509.7mAU$1.3bAU$88.1m4.8x5.8x0.4x
Sat, 17 Aug 2024AU$543.4mAU$1.2bAU$83.8m5.4x6.5x0.4x
Mon, 15 Jul 2024AU$573.2mAU$1.2bAU$83.8m5.7x6.8x0.5x
Wed, 12 Jun 2024AU$562.5mAU$1.2bAU$83.8m5.6x6.7x0.5x
Fri, 10 May 2024AU$595.8mAU$1.2bAU$83.8m6.1x7.1x0.5x
Sun, 07 Apr 2024AU$557.2mAU$1.2bAU$83.8m5.8x6.6x0.5x
Tue, 05 Mar 2024AU$575.2mAU$1.2bAU$70.5m7.5x8.2x0.5x
Thu, 01 Feb 2024AU$642.3mAU$1.2bAU$50.8m11x12.6x0.6x
Sat, 30 Dec 2023AU$615.7mAU$1.2bAU$50.8m10.5x12.1x0.5x
Mon, 27 Nov 2023AU$564.2mAU$1.2bAU$50.8m9.8x11.1x0.5x
Wed, 25 Oct 2023AU$583.4mAU$1.2bAU$50.8m10x11.5x0.5x
Fri, 22 Sep 2023AU$629.7mAU$1.2bAU$50.8m11.1x12.4x0.5x
Sun, 20 Aug 2023AU$649.7mAU$1.1bAU$10.5m14.5x62x0.6x
Tue, 18 Jul 2023AU$665.8mAU$972.6m-AU$21,218,000.00114.5x-31.4x0.7x
Thu, 15 Jun 2023AU$605.1mAU$972.6m-AU$21,218,000.0097.6x-28.5x0.6x
Price to Earnings Ratio

-28.5x


Total Market Cap: AU$605.1mTotal Earnings: -AU$21,218,000.00Total Revenue: AU$972.6mTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Airlines Industry Price to Earnings3Y Average 7.8x202420252026
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.

Industry Trends

Which industries have driven the changes within the Australian Industrials industry?

AU Market-1.23%
Industrials0.74%
Airlines-2.68%
Airlines-2.68%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
No data available

Latest News

QAN
AU$9.19
Qantas Airways
7D
-2.6%
1Y
-14.6%
Narrative Update • May 28

QAN: Share Price Pullback And Outperform Upgrade Will Drive Future Rebound Potential

Analysts have slightly reduced their Qantas Airways price target to A$11.03 from A$11.05, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E. Recent Street research cites valuation support for an upgrade to Outperform following the stock's pullback.
VGN
AU$2.61
Virgin Australia Holdings
7D
-5.4%
1Y
n/a
AQZ
AU$0.53
Alliance Aviation Services
7D
-7.1%
1Y
-79.4%
Narrative Update • May 11

Excellent management with a great sense of buying capital assets at the bottom of the cycle and deploying them against solid revenue streams

Recent shock announcements have overly spooked the market. I’ve adjusted my intrinsic value back to $2.89, the recent NTA per share.