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Canadian (TSX) Airlines Industry Analysis

UpdatedMay 28, 2026
DataAggregated Company Financials
Companies3
  • 7D9.9%
  • 3M5.4%
  • 1Y45.7%
  • YTD25.7%

In the last week, the Airlines industry is up 10%, with all of the companies up. This means that the industry has gained 41% over the past year. As for the next few years, earnings are expected to grow by 8.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 May 2026CA$13.0bCA$27.7bCA$1.0b9.1x12.4x0.5x
Sat, 25 Apr 2026CA$12.1bCA$27.0bCA$868.9m8.3x13.9x0.4x
Mon, 23 Mar 2026CA$11.7bCA$27.0bCA$872.4m7.9x13.4x0.4x
Wed, 18 Feb 2026CA$12.3bCA$26.8bCA$849.0m9.4x14.5x0.5x
Fri, 16 Jan 2026CA$11.6bCA$26.4b-CA$247,552,264.0034.2x-46.8x0.4x
Sun, 14 Dec 2025CA$10.9bCA$26.4b-CA$247,552,264.0031.1x-43.9x0.4x
Tue, 11 Nov 2025CA$10.7bCA$26.4b-CA$263,156,820.0028.2x-40.7x0.4x
Thu, 09 Oct 2025CA$10.3bCA$26.5bCA$1.5b17x6.8x0.4x
Sat, 06 Sep 2025CA$10.2bCA$26.5bCA$1.5b16x6.7x0.4x
Mon, 04 Aug 2025CA$10.0bCA$26.5bCA$1.5b15.6x6.7x0.4x
Wed, 02 Jul 2025CA$9.9bCA$26.4bCA$1.7b14.9x5.8x0.4x
Fri, 30 May 2025CA$9.9bCA$26.4bCA$1.7b13.8x5.8x0.4x
Sun, 27 Apr 2025CA$7.7bCA$26.4bCA$1.7b12x4.5x0.3x
Tue, 25 Mar 2025CA$8.1bCA$26.4bCA$1.7b11.9x4.8x0.3x
Thu, 20 Feb 2025CA$9.0bCA$26.6bCA$1.9b15.4x4.8x0.3x
Sat, 18 Jan 2025CA$10.2bCA$26.4bCA$2.7b15.5x3.8x0.4x
Mon, 16 Dec 2024CA$12.3bCA$26.4bCA$2.7b17.5x4.6x0.5x
Wed, 13 Nov 2024CA$11.6bCA$26.3bCA$2.7b17.6x4.3x0.4x
Fri, 11 Oct 2024CA$9.1bCA$26.6bCA$1.9b13.3x4.7x0.3x
Sun, 08 Sep 2024CA$8.3bCA$26.6bCA$1.9b12x4.3x0.3x
Tue, 06 Aug 2024CA$2.8bCA$4.3bCA$163.2m15.5x17x0.7x
Thu, 04 Jul 2024CA$2.6bCA$4.3bCA$163.2m14.7x16.1x0.6x
Sat, 01 Jun 2024CA$2.5bCA$4.3bCA$163.2m13.9x15.6x0.6x
Mon, 29 Apr 2024CA$2.7bCA$4.2bCA$177.3m12.4x15.1x0.6x
Wed, 27 Mar 2024CA$2.8bCA$4.2bCA$177.3m12.7x15.6x0.7x
Fri, 23 Feb 2024CA$2.7bCA$4.1bCA$186.3m12.3x14.6x0.7x
Sun, 21 Jan 2024CA$2.7bCA$4.1bCA$186.3m12.2x14.5x0.7x
Tue, 19 Dec 2023CA$2.7bCA$4.1bCA$186.3m12x14.4x0.7x
Thu, 16 Nov 2023CA$2.6bCA$4.1bCA$188.1m12.1x13.9x0.6x
Sat, 14 Oct 2023CA$2.6bCA$4.0bCA$192.8m11.5x13.4x0.6x
Mon, 11 Sep 2023CA$2.7bCA$4.0bCA$192.8m12.3x14.3x0.7x
Wed, 09 Aug 2023CA$2.9bCA$3.9bCA$186.9m13.8x15.7x0.8x
Fri, 07 Jul 2023CA$3.1bCA$3.9bCA$130.4m23.1x23.7x0.8x
Sun, 04 Jun 2023CA$3.0bCA$3.9bCA$130.4m22.3x23x0.8x
Price to Earnings Ratio

23x


Total Market Cap: CA$3.0bTotal Earnings: CA$130.4mTotal Revenue: CA$3.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Airlines Industry Price to Earnings3Y Average 5.8x202420252026
Current Industry PE
    There are only 3 companies in the Canadian Airlines industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Airlines industry have grown 100% per year over the last three years.
  • Revenues for these companies have grown 93% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

CA Market0.67%
Industrials3.15%
Airlines9.90%
Airlines9.90%
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
AC Air CanadaCA$21.9711.7%
+CA$645.8m		13.5%PE7.8x
EIF Exchange IncomeCA$118.278.8%
+CA$536.8m		103.8%PE35.4x
CHR Chorus AviationCA$24.924.9%
+CA$28.3m		20.7%PE9.1x
TRZ Transat A.TCA$2.641.5%
+CA$1.6m		60.0%PE0.3x
JET Global Crossing Airlines GroupCA$1.031.0%
+CA$668.2k		24.1%PS0.2x

Latest News

TRZ
CA$2.64
Transat A.T
7D
1.5%
1Y
60.0%
AC
CA$21.97
Air Canada
7D
11.7%
1Y
13.5%
New Narrative • May 25

(AC:TSX): Record Q1 EBITDA Despite Fuel Volatility, Fleet Modernization Underway, Guidance Pulled on Geopolitical Risk

Air Canada (AC:TSX) Just Proved It Can Still Deliver on Operational Excellence Look, let's be real about what happened with Air Canada (TSX:AC) on April 30, 2026. The airline reported earnings that should have made investors feel genuinely optimistic, and then immediately did something that feels uniquely airline-industry—suspended full-year guidance because jet fuel prices turned into a geopolitical lottery ticket.
CHR
CA$24.92
Chorus Aviation
7D
4.9%
1Y
20.7%
Narrative Update • May 24

CHR: Lower Discount Rate And Higher P/E Multiple Will Support Upside

Analysts have raised their average price target on Chorus Aviation by CA$2.01 to CA$30.86, citing updated assumptions around discount rates, revenue trends, profit margins and future P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts increasing their price targets see room for the stock to better reflect updated assumptions on discount rates and future P/E multiples.
EIF
CA$118.27
Exchange Income
7D
8.8%
1Y
103.8%
JET
CA$1.03
Global Crossing Airlines Group
7D
1.0%
1Y
24.1%