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Canadian (TSX) Airlines Industry Analysis

UpdatedDec 25, 2025
DataAggregated Company Financials
Companies4
  • 7D2.9%
  • 3M10.4%
  • 1Y8.5%
  • YTD8.0%

The Airlines industry is up 3.3% in the last week, with Air Canada up 5.1%. This takes the industry's 12 month performance to a gain of 8.5%. Earnings are forecast to grow by 35% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Dec 2025CA$11.3bCA$26.4b-CA$247,552,264.0031.7x-45.5x0.4x
Sat, 22 Nov 2025CA$10.4bCA$26.4b-CA$245,329,820.0028.9x-42.4x0.4x
Mon, 20 Oct 2025CA$10.4bCA$26.5bCA$1.5b17x6.8x0.4x
Wed, 17 Sep 2025CA$10.1bCA$26.5bCA$1.5b15.7x6.6x0.4x
Fri, 15 Aug 2025CA$10.5bCA$26.5bCA$1.5b16.4x6.9x0.4x
Sun, 13 Jul 2025CA$11.1bCA$26.4bCA$1.7b15.8x6.5x0.4x
Tue, 10 Jun 2025CA$9.5bCA$26.4bCA$1.7b13.7x5.6x0.4x
Thu, 08 May 2025CA$8.1bCA$26.3bCA$1.7b12.8x4.7x0.3x
Sat, 05 Apr 2025CA$7.7bCA$26.4bCA$1.7b11.3x4.5x0.3x
Mon, 03 Mar 2025CA$8.6bCA$26.4bCA$1.7b11.9x5.1x0.3x
Wed, 29 Jan 2025CA$10.3bCA$26.4bCA$2.7b15.7x3.8x0.4x
Fri, 27 Dec 2024CA$11.5bCA$26.4bCA$2.7b16.6x4.3x0.4x
Sun, 24 Nov 2024CA$12.0bCA$26.3bCA$2.7b18x4.4x0.5x
Tue, 22 Oct 2024CA$9.9bCA$26.6bCA$1.9b13.3x5.1x0.4x
Thu, 19 Sep 2024CA$8.9bCA$26.6bCA$1.9b12.2x4.6x0.3x
Sat, 17 Aug 2024CA$8.4bCA$26.6bCA$1.9b11.5x4.4x0.3x
Mon, 15 Jul 2024CA$2.7bCA$4.3bCA$163.2m15.3x16.7x0.6x
Wed, 12 Jun 2024CA$2.6bCA$4.3bCA$163.2m14.1x16.1x0.6x
Fri, 10 May 2024CA$2.7bCA$4.3bCA$152.3m14.4x17.7x0.6x
Sun, 07 Apr 2024CA$2.7bCA$4.2bCA$177.3m12.5x15.4x0.7x
Tue, 05 Mar 2024CA$2.8bCA$4.2bCA$177.3m12.6x15.5x0.7x
Thu, 01 Feb 2024CA$2.7bCA$4.1bCA$186.3m12.5x14.7x0.7x
Sat, 30 Dec 2023CA$2.7bCA$4.1bCA$186.3m12.2x14.4x0.7x
Mon, 27 Nov 2023CA$2.6bCA$4.1bCA$187.5m12x14.1x0.6x
Wed, 25 Oct 2023CA$2.5bCA$4.0bCA$192.8m11.1x13x0.6x
Fri, 22 Sep 2023CA$2.6bCA$4.0bCA$192.8m11.7x13.6x0.7x
Sun, 20 Aug 2023CA$2.8bCA$4.0bCA$193.8m12.8x14.7x0.7x
Tue, 18 Jul 2023CA$3.1bCA$3.9bCA$130.4m23.3x23.6x0.8x
Thu, 15 Jun 2023CA$3.1bCA$3.9bCA$130.4m22.6x23.7x0.8x
Sat, 13 May 2023CA$3.0bCA$3.9bCA$131.5m22.1x22.4x0.8x
Mon, 10 Apr 2023CA$2.9bCA$3.7bCA$129.6m22.5x22.7x0.8x
Wed, 08 Mar 2023CA$3.0bCA$3.7bCA$129.6m23.7x23x0.8x
Fri, 03 Feb 2023CA$3.1bCA$3.4bCA$99.5m22.1x31.6x0.9x
Sun, 01 Jan 2023CA$2.9bCA$3.4bCA$99.5m21.1x29.4x0.9x
Price to Earnings Ratio

29.4x


Total Market Cap: CA$2.9bTotal Earnings: CA$99.5mTotal Revenue: CA$3.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Airlines Industry Price to Earnings3Y Average 10.4x202320242025
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 close to its 3-year average PS ratio of 0.56x.
Past Earnings Growth
  • Total earnings for the Airlines industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 97% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

CA Market2.21%
Industrials1.43%
Airlines2.85%
Airlines2.85%
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$19.494.6%
+CA$254.3m		-12.4%PS0.3x
EIF Exchange IncomeCA$84.091.1%
+CA$50.0m		43.3%PE31.7x
FLT Volatus AerospaceCA$0.603.4%
+CA$13.3m		361.5%PS11.9x
TRZ Transat A.TCA$2.632.7%
+CA$2.8m		45.3%PE0.4x

Latest News

EIF
CA$84.09
Exchange Income
7D
1.1%
1Y
43.3%
AC
CA$19.49
Air Canada
7D
4.6%
1Y
-12.4%

AC: Share Repurchases Will Drive Future Upside Amid Near-Term Operational Headwinds

Analysts have modestly reduced their Air Canada price target by C$1. This reflects a series of lowered Street targets and a cautious outlook on near term upside amid operational headwinds and limited positive catalysts.
TRZ
CA$2.63
Transat A.T
7D
2.7%
1Y
45.3%
CHR
CA$21.14
Chorus Aviation
7D
-1.0%
1Y
0.7%
FLT
CA$0.60
Volatus Aerospace
7D
3.4%
1Y
361.5%