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Canadian (TSX) Airlines Industry Analysis

UpdatedMar 12, 2024
DataAggregated Company Financials
Companies4
  • 7D-0.8%
  • 3M5.9%
  • 1Y-11.2%
  • YTDn/a

The Airlines is pretty flat in the last 7 days, but Volatus Aerospace has stood out, gaining 9.1%. As for the longer term, the industry has declined 11% in the last year. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 13 Mar 2024CA$2.7bCA$4.2bCA$177.3m12.5x15.4x0.6x
Fri, 09 Feb 2024CA$2.7bCA$4.1bCA$186.3m12.3x14.6x0.7x
Sun, 07 Jan 2024CA$2.7bCA$4.1bCA$186.3m12.3x14.6x0.7x
Tue, 05 Dec 2023CA$2.7bCA$4.1bCA$186.3m11.8x14.3x0.6x
Thu, 02 Nov 2023CA$2.5bCA$4.0bCA$192.8m11x12.8x0.6x
Sat, 30 Sep 2023CA$2.7bCA$4.0bCA$192.8m11.6x13.8x0.7x
Mon, 28 Aug 2023CA$2.8bCA$4.0bCA$193.8m12.5x14.4x0.7x
Wed, 26 Jul 2023CA$3.1bCA$3.9bCA$130.4m23.6x23.8x0.8x
Fri, 23 Jun 2023CA$3.1bCA$3.9bCA$130.4m22.2x23.8x0.8x
Sun, 21 May 2023CA$3.1bCA$3.9bCA$131.5m22.8x23.2x0.8x
Tue, 18 Apr 2023CA$3.0bCA$3.7bCA$129.6m22.5x23.2x0.8x
Thu, 16 Mar 2023CA$2.8bCA$3.7bCA$129.6m21.7x21.5x0.8x
Sat, 11 Feb 2023CA$3.0bCA$3.4bCA$99.5m21.4x30.5x0.9x
Mon, 09 Jan 2023CA$3.0bCA$3.4bCA$99.5m21.4x30.5x0.9x
Wed, 07 Dec 2022CA$2.7bCA$3.4bCA$99.5m19.3x27.6x0.8x
Fri, 04 Nov 2022CA$2.5bCA$3.1bCA$46.7m24.1x53.5x0.8x
Sun, 02 Oct 2022CA$2.3bCA$3.1bCA$46.7m22.3x49x0.7x
Tue, 30 Aug 2022CA$2.6bCA$3.1bCA$46.1m25.3x56.9x0.8x
Thu, 28 Jul 2022CA$2.6bCA$2.7bCA$76.2m21.9x33.7x0.9x
Sat, 25 Jun 2022CA$2.5bCA$2.7bCA$76.2m21.4x32.6x0.9x
Mon, 23 May 2022CA$2.6bCA$2.7bCA$78.8m23.2x33.6x1x
Wed, 20 Apr 2022CA$2.5bCA$2.5bCA$23.3m66.8x107.8x1x
Fri, 18 Mar 2022CA$2.5bCA$2.4bCA$27.4m67.4x90.2x1x
Sun, 13 Feb 2022CA$2.6bCA$2.2bCA$16.8m65.4x155.6x1.2x
Tue, 11 Jan 2022CA$2.8bCA$2.2bCA$16.4m34x168.1x1.2x
Thu, 09 Dec 2021CA$2.7bCA$2.2bCA$16.4m32.9x163.9x1.2x
Sat, 06 Nov 2021CA$2.5bCA$2.0bCA$53.0m45.8x46.4x1.2x
Mon, 04 Oct 2021CA$2.5bCA$2.0bCA$52.7m43.1x48.2x1.2x
Wed, 01 Sep 2021CA$2.5bCA$2.9bCA$52.0m43.4x49x0.9x
Thu, 08 Jul 2021CA$2.5bCA$2.9bCA$52.0m46.2x47.6x0.9x
Wed, 31 Mar 2021CA$2.2bCA$2.8bCA$60.2m35.4x36.1x0.8x
Price to Earnings Ratio

36.1x


Total Market Cap: CA$2.2bTotal Earnings: CA$60.2mTotal Revenue: CA$2.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Airlines Industry Price to Earnings3Y Average 49.5x202220232024
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 15.5x which is lower than its 3-year average PE of 49.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.87x.
Past Earnings Growth
  • The earnings for companies in the Airlines industry have grown 43% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market1.01%
Industrials0.27%
Airlines-0.79%
Airlines-0.79%
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
TRZ Transat A.TCA$4.205.0%
+CA$7.7m
32.9%PS0.05x
JET Global Crossing Airlines GroupCA$0.761.3%
+CA$983.0k
-43.3%PS0.2x
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Latest News

JET

CA$0.76

Global Crossing Airlines Group

7D

1.3%

1Y

-43.3%

EIF

CA$48.25

Exchange Income

7D

-1.2%

1Y

-4.2%

VOL

CA$0.11

Volatus Aerospace

7D

-15.4%

1Y

-70.3%

AC

CA$17.85

Air Canada

7D

-0.7%

1Y

-6.5%

TRZ

CA$4.20

Transat A.T

7D

5.0%

1Y

32.9%