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Canadian (TSX) Airlines Industry Analysis

UpdatedJul 13, 2026
DataAggregated Company Financials
Companies3
  • 7D-2.1%
  • 3M23.9%
  • 1Y41.2%
  • YTD39.3%

Over the last 7 days, the Airlines industry has dropped 2.1%, driven by a pullback from Air Canada of 3.0%. This takes the industry's 12 month performance to a gain of 41%. Earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 13 Jul 2026CA$14.9bCA$27.7bCA$1.0b8.8x14.2x0.5x
Wed, 10 Jun 2026CA$13.5bCA$27.7bCA$1.0b8.9x12.8x0.5x
Fri, 08 May 2026CA$11.9bCA$27.6bCA$1.0b7.5x11.4x0.4x
Sun, 05 Apr 2026CA$12.2bCA$27.0bCA$868.9m8.1x14.1x0.5x
Tue, 03 Mar 2026CA$13.3bCA$27.0bCA$872.4m9.4x15.3x0.5x
Thu, 29 Jan 2026CA$12.1bCA$26.4b-CA$247,552,264.0038.5x-48.9x0.5x
Sat, 27 Dec 2025CA$11.3bCA$26.4b-CA$247,552,264.0031.7x-45.5x0.4x
Mon, 24 Nov 2025CA$10.4bCA$26.4b-CA$245,329,820.0028.9x-42.5x0.4x
Wed, 22 Oct 2025CA$10.4bCA$26.5bCA$1.5b17.1x6.9x0.4x
Fri, 19 Sep 2025CA$10.1bCA$26.5bCA$1.5b16x6.6x0.4x
Sun, 17 Aug 2025CA$10.4bCA$26.5bCA$1.5b16.3x6.9x0.4x
Tue, 15 Jul 2025CA$11.1bCA$26.4bCA$1.7b15.7x6.5x0.4x
Thu, 12 Jun 2025CA$9.8bCA$26.4bCA$1.7b13.8x5.7x0.4x
Sat, 10 May 2025CA$8.4bCA$26.3bCA$1.7b13.2x4.9x0.3x
Mon, 07 Apr 2025CA$7.4bCA$26.4bCA$1.7b11.3x4.4x0.3x
Wed, 05 Mar 2025CA$8.4bCA$26.4bCA$1.7b11.7x5x0.3x
Fri, 31 Jan 2025CA$10.1bCA$26.4bCA$2.7b16x3.8x0.4x
Sun, 29 Dec 2024CA$11.5bCA$26.4bCA$2.7b16.7x4.3x0.4x
Tue, 26 Nov 2024CA$12.0bCA$26.3bCA$2.7b18x4.4x0.5x
Thu, 24 Oct 2024CA$10.1bCA$26.6bCA$1.9b13.3x5.3x0.4x
Sat, 21 Sep 2024CA$8.8bCA$26.6bCA$1.9b12.3x4.6x0.3x
Mon, 19 Aug 2024CA$8.4bCA$26.6bCA$1.9b11.5x4.4x0.3x
Wed, 17 Jul 2024CA$2.8bCA$4.3bCA$163.2m16x17x0.6x
Fri, 14 Jun 2024CA$2.5bCA$4.3bCA$163.2m13.7x15.4x0.6x
Sun, 12 May 2024CA$2.7bCA$4.3bCA$152.3m14.4x17.6x0.6x
Tue, 09 Apr 2024CA$2.7bCA$4.2bCA$177.3m12.6x15.4x0.7x
Thu, 07 Mar 2024CA$2.8bCA$4.2bCA$177.3m12.6x15.5x0.7x
Sat, 03 Feb 2024CA$2.8bCA$4.1bCA$186.3m12.5x14.8x0.7x
Mon, 01 Jan 2024CA$2.7bCA$4.1bCA$186.3m12.2x14.4x0.7x
Wed, 29 Nov 2023CA$2.6bCA$4.1bCA$187.5m11.9x14x0.6x
Fri, 27 Oct 2023CA$2.4bCA$4.0bCA$192.8m10.9x12.7x0.6x
Sun, 24 Sep 2023CA$2.6bCA$4.0bCA$192.8m11.7x13.6x0.7x
Tue, 22 Aug 2023CA$2.8bCA$4.0bCA$193.8m12.6x14.7x0.7x
Thu, 20 Jul 2023CA$3.2bCA$3.9bCA$130.4m23.8x24.4x0.8x
Price to Earnings Ratio

24.4x


Total Market Cap: CA$3.2bTotal Earnings: CA$130.4mTotal Revenue: CA$3.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Airlines Industry Price to Earnings3Y Average 5.4x202420252026
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 Market0.16%
Industrials0.42%
Airlines-2.06%
Airlines-2.06%
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
No data available

Latest News

AC
CA$23.68
Air Canada
7D
-6.0%
1Y
6.0%
TRZ
CA$2.33
Transat A.T
7D
-1.3%
1Y
-15.3%
Narrative Update • Jul 10

TRZ: Partnership Expansion And Downgrade Will Shape A More Balanced Outlook

Analysts have cut their fair value estimate for Transat A.T. to CA$2.21 from CA$3.23, reflecting a lower CA$2.25 price target and updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. What's in the News for Transat A.T. Transat A.T. and Porter Airlines extended their commercial partnership with new Transat vacation packages that pair Porter non stop flights to Nassau, Grand Cayman, Cancun and Puerto Vallarta with Transat's tour operator offerings.
EIF
CA$128.47
Exchange Income
7D
-3.9%
1Y
95.0%
CHR
CA$23.76
Chorus Aviation
7D
-2.6%
1Y
3.9%
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$0.80
Global Crossing Airlines Group
7D
-7.0%
1Y
-2.4%