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Canadian (TSX) Airlines Industry Analysis

UpdatedOct 05, 2025
DataAggregated Company Financials
Companies4
  • 7D4.0%
  • 3M-3.4%
  • 1Y24.2%
  • YTD0.5%

Air Canada is up 3.1%, leading the way for the Airlines industry, which has gained 4.0%. This takes the industry's 12 month performance to a gain of 24%. Earnings are forecast to grow by 8.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 06 Oct 2025CA$10.4bCA$26.5bCA$1.5b16.7x6.8x0.4x
Wed, 03 Sep 2025CA$10.4bCA$26.5bCA$1.5b15.8x6.8x0.4x
Fri, 01 Aug 2025CA$10.2bCA$26.5bCA$1.5b15.6x6.9x0.4x
Sun, 29 Jun 2025CA$9.9bCA$26.4bCA$1.7b14.6x5.8x0.4x
Tue, 27 May 2025CA$9.6bCA$26.4bCA$1.7b13.6x5.6x0.4x
Thu, 24 Apr 2025CA$7.6bCA$26.4bCA$1.7b11.9x4.5x0.3x
Sat, 22 Mar 2025CA$8.1bCA$26.4bCA$1.7b11.8x4.8x0.3x
Mon, 17 Feb 2025CA$9.0bCA$26.6bCA$1.9b15.6x4.8x0.3x
Wed, 15 Jan 2025CA$10.5bCA$26.4bCA$2.7b16.1x3.9x0.4x
Fri, 13 Dec 2024CA$12.4bCA$26.4bCA$2.7b17.9x4.6x0.5x
Sun, 10 Nov 2024CA$11.4bCA$26.3bCA$2.7b17x4.2x0.4x
Tue, 08 Oct 2024CA$9.1bCA$26.6bCA$1.9b13.2x4.7x0.3x
Thu, 05 Sep 2024CA$8.3bCA$26.6bCA$1.9b11.9x4.3x0.3x
Sat, 03 Aug 2024CA$2.8bCA$4.3bCA$163.2m15.5x17.4x0.7x
Mon, 01 Jul 2024CA$2.6bCA$4.3bCA$163.2m14.6x16.2x0.6x
Wed, 29 May 2024CA$2.7bCA$4.3bCA$153.7m14x17.3x0.6x
Fri, 26 Apr 2024CA$2.7bCA$4.2bCA$177.3m12.3x15.1x0.6x
Sun, 24 Mar 2024CA$2.8bCA$4.2bCA$177.3m12.6x15.6x0.7x
Tue, 20 Feb 2024CA$2.7bCA$4.1bCA$186.3m12.2x14.5x0.7x
Thu, 18 Jan 2024CA$2.7bCA$4.1bCA$186.3m12.2x14.4x0.7x
Sat, 16 Dec 2023CA$2.7bCA$4.1bCA$186.3m12.2x14.4x0.7x
Mon, 13 Nov 2023CA$2.6bCA$4.1bCA$188.1m11.6x13.7x0.6x
Wed, 11 Oct 2023CA$2.6bCA$4.0bCA$192.8m11.7x13.6x0.7x
Fri, 08 Sep 2023CA$2.7bCA$4.0bCA$192.8m12.3x14.2x0.7x
Sun, 06 Aug 2023CA$2.9bCA$3.9bCA$204.5m13.1x14.3x0.7x
Tue, 04 Jul 2023CA$3.1bCA$3.9bCA$130.4m22.8x23.8x0.8x
Thu, 01 Jun 2023CA$3.0bCA$3.9bCA$130.4m21.6x23x0.8x
Sat, 29 Apr 2023CA$2.9bCA$3.7bCA$128.7m21.8x22.5x0.8x
Mon, 27 Mar 2023CA$2.9bCA$3.7bCA$129.6m22.2x22.2x0.8x
Wed, 22 Feb 2023CA$3.0bCA$3.5bCA$125.7m23.4x23.6x0.8x
Fri, 20 Jan 2023CA$3.1bCA$3.4bCA$99.5m21.2x31x0.9x
Sun, 18 Dec 2022CA$2.8bCA$3.4bCA$99.5m19.9x28.4x0.8x
Tue, 15 Nov 2022CA$2.7bCA$3.4bCA$99.5m18.9x27x0.8x
Thu, 13 Oct 2022CA$2.4bCA$3.1bCA$46.7m23.2x50.5x0.8x
Price to Earnings Ratio

50.5x


Total Market Cap: CA$2.4bTotal Earnings: CA$46.7mTotal Revenue: CA$3.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Airlines Industry Price to Earnings3Y Average 15x202320242025
Current Industry PE
  • Investors are pessimistic on the Canadian Airlines industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 6.8x which is lower than its 3-year average PE of 15.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.59x.
Past Earnings Growth
  • The earnings for companies in the Airlines industry have grown 220% per year over the last three years.
  • Revenues for these companies have grown 105% 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 Market1.62%
Industrials2.25%
Airlines3.99%
Airlines3.99%
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$18.343.1%
+CA$165.9m		11.7%PE3.7x
EIF Exchange IncomeCA$75.283.9%
+CA$146.0m		38.6%PE29.7x
FLT Volatus AerospaceCA$0.7225.2%
+CA$88.5m		242.9%PS14.8x

Latest News

AC
CA$18.34
Air Canada
7D
3.1%
1Y
11.7%

International Travel Expansion And Rising Costs Will Define Future Prospects

Air Canada’s consensus price target was slightly reduced to CA$24.89, reflecting analyst caution amid weak Q3 results, strike disruptions, ongoing labor risks, and few near-term catalysts. Analyst Commentary Recent downgrade driven by weak Q3 results due to strike disruptions, ongoing labor risks, and anticipated yield pressure.
CHR
CA$22.50
Chorus Aviation
7D
-0.4%
1Y
9.7%

Should You Investigate Chorus Aviation Inc. (TSE:CHR) At CA$22.30?

Sep 23
Should You Investigate Chorus Aviation Inc. (TSE:CHR) At CA$22.30?
EIF
CA$75.28
Exchange Income
7D
3.9%
1Y
38.6%

Exchange Income (TSE:EIF) Is Due To Pay A Dividend Of CA$0.22

Sep 20
Exchange Income (TSE:EIF) Is Due To Pay A Dividend Of CA$0.22
FLT
CA$0.72
Volatus Aerospace
7D
25.2%
1Y
242.9%

Subdued Growth No Barrier To Volatus Aerospace Inc. (CVE:FLT) With Shares Advancing 30%

Sep 16
Subdued Growth No Barrier To Volatus Aerospace Inc. (CVE:FLT) With Shares Advancing 30%
TRZ
CA$2.55
Transat A.T
7D
-3.8%
1Y
43.3%