Subdued Growth No Barrier To Volatus Aerospace Inc. (CVE:FLT) With Shares Advancing 30%
Sep 16
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Canadian (TSX) Airlines Industry Analysis
UpdatedSep 18, 2025
DataAggregated Company Financials
Companies4
- 7D0.2%
- 3M9.5%
- 1Y24.7%
- YTDn/a
Over the last 7 days, the Airlines industry has remained flat, although notably Volatus Aerospace gained 11%. As for the the longer term, the industry is up 25% over the past 12 months. As for the next few years, earnings are expected to grow by 6.8% per annum.
Industry Valuation and Performance
Has the Canadian Airlines Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Sep 2025 | CA$10.1b | CA$26.5b | CA$1.5b | 15.8x | 6.6x | 0.4x |
| Sat, 16 Aug 2025 | CA$10.5b | CA$26.5b | CA$1.5b | 16.3x | 6.9x | 0.4x |
| Mon, 14 Jul 2025 | CA$11.1b | CA$26.4b | CA$1.7b | 15.8x | 6.5x | 0.4x |
| Wed, 11 Jun 2025 | CA$9.6b | CA$26.4b | CA$1.7b | 13.8x | 5.6x | 0.4x |
| Fri, 09 May 2025 | CA$8.2b | CA$26.3b | CA$1.7b | 13x | 4.8x | 0.3x |
| Sun, 06 Apr 2025 | CA$7.4b | CA$26.4b | CA$1.7b | 11.3x | 4.4x | 0.3x |
| Tue, 04 Mar 2025 | CA$8.6b | CA$26.4b | CA$1.7b | 11.9x | 5.1x | 0.3x |
| Thu, 30 Jan 2025 | CA$10.1b | CA$26.4b | CA$2.7b | 15.7x | 3.7x | 0.4x |
| Sat, 28 Dec 2024 | CA$11.5b | CA$26.4b | CA$2.7b | 16.7x | 4.3x | 0.4x |
| Mon, 25 Nov 2024 | CA$12.0b | CA$26.3b | CA$2.7b | 18x | 4.4x | 0.5x |
| Wed, 23 Oct 2024 | CA$9.8b | CA$26.6b | CA$1.9b | 13.6x | 5.1x | 0.4x |
| Fri, 20 Sep 2024 | CA$8.8b | CA$26.6b | CA$1.9b | 12.4x | 4.6x | 0.3x |
| Sun, 18 Aug 2024 | CA$8.4b | CA$26.6b | CA$1.9b | 11.5x | 4.4x | 0.3x |
| Tue, 16 Jul 2024 | CA$2.7b | CA$4.3b | CA$163.2m | 15.5x | 16.7x | 0.6x |
| Thu, 13 Jun 2024 | CA$2.6b | CA$4.3b | CA$163.2m | 14.1x | 15.8x | 0.6x |
| Sat, 11 May 2024 | CA$2.7b | CA$4.3b | CA$152.3m | 14.4x | 17.5x | 0.6x |
| Mon, 08 Apr 2024 | CA$2.7b | CA$4.2b | CA$177.3m | 12.5x | 15.4x | 0.7x |
| Wed, 06 Mar 2024 | CA$2.8b | CA$4.2b | CA$177.3m | 12.6x | 15.5x | 0.7x |
| Fri, 02 Feb 2024 | CA$2.7b | CA$4.1b | CA$186.3m | 12.4x | 14.7x | 0.7x |
| Sun, 31 Dec 2023 | CA$2.7b | CA$4.1b | CA$186.3m | 12.2x | 14.4x | 0.7x |
| Tue, 28 Nov 2023 | CA$2.6b | CA$4.1b | CA$187.5m | 11.9x | 14.1x | 0.6x |
| Thu, 26 Oct 2023 | CA$2.4b | CA$4.0b | CA$192.8m | 10.9x | 12.7x | 0.6x |
| Sat, 23 Sep 2023 | CA$2.6b | CA$4.0b | CA$192.8m | 11.7x | 13.6x | 0.7x |
| Mon, 21 Aug 2023 | CA$2.8b | CA$4.0b | CA$193.8m | 12.8x | 14.7x | 0.7x |
| Wed, 19 Jul 2023 | CA$3.2b | CA$3.9b | CA$130.4m | 23.7x | 24.4x | 0.8x |
| Fri, 16 Jun 2023 | CA$3.1b | CA$3.9b | CA$130.4m | 22.6x | 23.7x | 0.8x |
| Sun, 14 May 2023 | CA$3.0b | CA$3.9b | CA$131.5m | 22.1x | 22.4x | 0.8x |
| Tue, 11 Apr 2023 | CA$3.0b | CA$3.7b | CA$129.6m | 22.9x | 23x | 0.8x |
| Thu, 09 Mar 2023 | CA$3.0b | CA$3.7b | CA$129.6m | 23.5x | 22.8x | 0.8x |
| Sat, 04 Feb 2023 | CA$3.1b | CA$3.4b | CA$99.5m | 22x | 31.5x | 0.9x |
| Mon, 02 Jan 2023 | CA$2.9b | CA$3.4b | CA$99.5m | 21.1x | 29.6x | 0.9x |
| Wed, 30 Nov 2022 | CA$2.7b | CA$3.4b | CA$99.5m | 19.3x | 27.6x | 0.8x |
| Fri, 28 Oct 2022 | CA$2.5b | CA$3.1b | CA$46.7m | 24.7x | 53.3x | 0.8x |
| Sun, 25 Sep 2022 | CA$2.4b | CA$3.1b | CA$46.7m | 23x | 51.4x | 0.8x |
Price to Earnings Ratio
51.4x
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 6.6x which is lower than its 3-year average PE of 15.8x.
- 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 Comparison
How does Canadian Airlines compare with similar industries?
| CA Market | 0.29% | |
| Industrials | 0.41% | |
| Airlines | 0.18% | |
| Airlines | 0.18% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| EIF Exchange Income | CA$70.85 | 0.8% +CA$30.0m | 41.2% | PE27.9x | |
| FLT Volatus Aerospace | CA$0.56 | 7.7% +CA$23.5m | 187.2% | PS11.1x | |
| JET Global Crossing Airlines Group | CA$0.93 | 2.2% +CA$1.4m | 25.7% | PS0.2x |