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Canadian (TSX) Airlines Industry Analysis

UpdatedJun 28, 2026
DataAggregated Company Financials
Companies3
  • 7D1.0%
  • 3M33.2%
  • 1Y53.2%
  • YTD39.4%

Over the last 7 days, the Airlines industry has remained flat, although notably Air Canada gained 4.8%. The past year has been better, since the industry has gained 53% in that time. As for the next few years, earnings are expected to grow by 9.4% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 28 Jun 2026CA$14.9bCA$27.7bCA$1.0b9x14.2x0.5x
Tue, 26 May 2026CA$12.6bCA$27.7bCA$1.0b9x12x0.5x
Thu, 23 Apr 2026CA$12.3bCA$27.0bCA$868.9m8.2x14.1x0.5x
Sat, 21 Mar 2026CA$11.9bCA$27.0bCA$872.4m7.9x13.7x0.4x
Mon, 16 Feb 2026CA$12.3bCA$26.8bCA$849.0m9.2x14.5x0.5x
Wed, 14 Jan 2026CA$11.6bCA$26.4b-CA$247,552,264.0033.8x-46.7x0.4x
Fri, 12 Dec 2025CA$10.8bCA$26.4b-CA$247,552,264.0031.1x-43.6x0.4x
Sun, 09 Nov 2025CA$10.7bCA$26.4b-CA$263,156,820.0029.2x-40.7x0.4x
Tue, 07 Oct 2025CA$10.4bCA$26.5bCA$1.5b16.7x6.8x0.4x
Thu, 04 Sep 2025CA$10.2bCA$26.5bCA$1.5b15.9x6.7x0.4x
Sat, 02 Aug 2025CA$10.0bCA$26.5bCA$1.5b15.6x6.7x0.4x
Mon, 30 Jun 2025CA$9.9bCA$26.4bCA$1.7b14.6x5.8x0.4x
Wed, 28 May 2025CA$9.6bCA$26.4bCA$1.7b13.8x5.6x0.4x
Fri, 25 Apr 2025CA$7.7bCA$26.4bCA$1.7b12x4.5x0.3x
Sun, 23 Mar 2025CA$8.1bCA$26.4bCA$1.7b11.8x4.8x0.3x
Tue, 18 Feb 2025CA$9.0bCA$26.6bCA$1.9b15.6x4.8x0.3x
Thu, 16 Jan 2025CA$10.5bCA$26.4bCA$2.7b15.9x3.9x0.4x
Sat, 14 Dec 2024CA$12.4bCA$26.4bCA$2.7b17.5x4.6x0.5x
Mon, 11 Nov 2024CA$11.4bCA$26.3bCA$2.7b17x4.2x0.4x
Wed, 09 Oct 2024CA$8.9bCA$26.6bCA$1.9b13.1x4.6x0.3x
Fri, 06 Sep 2024CA$8.4bCA$26.6bCA$1.9b12.2x4.3x0.3x
Sun, 04 Aug 2024CA$2.8bCA$4.3bCA$163.2m15.5x17x0.7x
Tue, 02 Jul 2024CA$2.6bCA$4.3bCA$163.2m14.6x16.2x0.6x
Thu, 30 May 2024CA$2.6bCA$4.3bCA$163.2m13.9x15.8x0.6x
Sat, 27 Apr 2024CA$2.7bCA$4.2bCA$177.3m12.4x15.1x0.6x
Mon, 25 Mar 2024CA$2.8bCA$4.2bCA$177.3m12.6x15.6x0.7x
Wed, 21 Feb 2024CA$2.7bCA$4.1bCA$186.3m12.1x14.4x0.7x
Fri, 19 Jan 2024CA$2.7bCA$4.1bCA$186.3m12.2x14.5x0.7x
Sun, 17 Dec 2023CA$2.7bCA$4.1bCA$186.3m12.2x14.4x0.7x
Tue, 14 Nov 2023CA$2.6bCA$4.1bCA$188.1m11.6x13.7x0.6x
Thu, 12 Oct 2023CA$2.6bCA$4.0bCA$192.8m11.7x13.5x0.7x
Sat, 09 Sep 2023CA$2.7bCA$4.0bCA$192.8m12.3x14.2x0.7x
Mon, 07 Aug 2023CA$2.9bCA$3.9bCA$204.5m13.1x14.3x0.7x
Wed, 05 Jul 2023CA$3.1bCA$3.9bCA$130.4m23x23.7x0.8x
Price to Earnings Ratio

23.7x


Total Market Cap: CA$3.1bTotal Earnings: CA$130.4mTotal Revenue: CA$3.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Airlines Industry Price to Earnings3Y Average 5.6x202420252026
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 Market-0.35%
Industrials2.64%
Airlines0.99%
Airlines0.99%
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$24.674.8%
+CA$313.7m		21.4%PE8.7x

Latest News

TRZ
CA$2.39
Transat A.T
7D
-1.2%
1Y
-15.5%
Narrative Update • Jun 26

TRZ: Expanded Porter Partnership Will Drive Long-Term Upside Potential

Analysts have cut their price target on Transat A.T. to CA$2.25. They link this move to updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E, which collectively point to a more cautious outlook on the stock.
EIF
CA$130.78
Exchange Income
7D
-2.1%
1Y
111.2%
AC
CA$24.67
Air Canada
7D
4.8%
1Y
21.4%
Narrative Update • Jun 24

AC: Refined Forecasts And Cost Controls Will Shape Long Term Upside

Analysts have trimmed their average 12 month price target on Air Canada by CA$1 to CA$29.62, citing slightly adjusted revenue growth and profit margin expectations, along with a modestly lower discount rate and future P/E assumptions. Analyst Commentary Recent price target revisions on Air Canada have been slightly lower, but the tone of Street commentary still highlights several supportive factors that bullish analysts see as important for the stock's longer term case.
CHR
CA$24.56
Chorus Aviation
7D
-1.2%
1Y
13.5%
Narrative Update • Jun 23

CHR: Higher Long Term P/E Assumptions Will Support Future Upside Potential

The analyst price target for Chorus Aviation has been raised by CA$1, as reflected in recent updates from analysts who have cited revised assumptions in their models. Analyst Commentary Recent research on Chorus Aviation highlights a mix of optimism and caution, even as the company’s analyst price target has been adjusted higher.
JET
CA$0.84
Global Crossing Airlines Group
7D
-18.4%
1Y
5.0%