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Canadian (TSX) Airlines Industry Analysis

UpdatedAug 18, 2026
DataAggregated Company Financials
Companies3
  • 7D11.0%
  • 3M41.4%
  • 1Y66.3%
  • YTD55.9%

Over the last 7 days, the Airlines industry has risen 7.9%, driven by gains from Air Canada of 16%. This takes the industry's 12 month performance to a gain of 63%. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Aug 2026CA$16.5bCA$28.6bCA$683.3m19.5x24.2x0.6x
Thu, 16 Jul 2026CA$14.1bCA$27.7bCA$1.0b8.9x13.4x0.5x
Sat, 13 Jun 2026CA$13.6bCA$27.7bCA$1.0b8.9x13x0.5x
Mon, 11 May 2026CA$12.0bCA$27.5bCA$1.0b8.5x11.7x0.4x
Wed, 08 Apr 2026CA$12.3bCA$27.0bCA$868.9m8x14.1x0.5x
Fri, 06 Mar 2026CA$12.4bCA$27.0bCA$872.4m8.4x14.2x0.5x
Sun, 01 Feb 2026CA$11.8bCA$26.4b-CA$247,552,264.0037x-47.6x0.4x
Tue, 30 Dec 2025CA$11.2bCA$26.4b-CA$247,552,264.0031.6x-45.2x0.4x
Thu, 27 Nov 2025CA$10.7bCA$26.4b-CA$245,329,820.0030.1x-43.7x0.4x
Sat, 25 Oct 2025CA$10.5bCA$26.5bCA$1.5b17.2x6.9x0.4x
Mon, 22 Sep 2025CA$10.3bCA$26.5bCA$1.5b16.3x6.7x0.4x
Wed, 20 Aug 2025CA$10.4bCA$26.5bCA$1.5b16.2x6.8x0.4x
Fri, 18 Jul 2025CA$10.9bCA$26.4bCA$1.7b15.5x6.4x0.4x
Sun, 15 Jun 2025CA$9.6bCA$26.4bCA$1.7b13.6x5.6x0.4x
Tue, 13 May 2025CA$9.1bCA$26.3bCA$1.7b13.6x5.3x0.3x
Thu, 10 Apr 2025CA$7.1bCA$26.4bCA$1.7b11.9x4.2x0.3x
Sat, 08 Mar 2025CA$8.4bCA$26.4bCA$1.7b11.9x4.9x0.3x
Mon, 03 Feb 2025CA$10.1bCA$26.4bCA$2.7b15.8x3.7x0.4x
Wed, 01 Jan 2025CA$11.5bCA$26.4bCA$2.7b17.3x4.3x0.4x
Fri, 29 Nov 2024CA$12.2bCA$26.3bCA$2.7b18.5x4.5x0.5x
Sun, 27 Oct 2024CA$10.0bCA$26.6bCA$1.9b13.6x5.2x0.4x
Tue, 24 Sep 2024CA$8.7bCA$26.6bCA$1.9b12.3x4.5x0.3x
Thu, 22 Aug 2024CA$8.4bCA$26.6bCA$1.9b11.7x4.4x0.3x
Sat, 20 Jul 2024CA$2.8bCA$4.3bCA$163.2m15.7x17.3x0.7x
Mon, 17 Jun 2024CA$2.5bCA$4.3bCA$163.2m13.6x15.3x0.6x
Wed, 15 May 2024CA$2.8bCA$4.3bCA$153.7m15x17.9x0.6x
Fri, 12 Apr 2024CA$2.8bCA$4.2bCA$177.3m12.6x15.6x0.7x
Sun, 10 Mar 2024CA$2.8bCA$4.2bCA$177.3m12.6x15.5x0.7x
Tue, 06 Feb 2024CA$2.7bCA$4.1bCA$186.3m12.2x14.5x0.7x
Thu, 04 Jan 2024CA$2.6bCA$4.1bCA$186.3m11.8x14x0.6x
Sat, 02 Dec 2023CA$2.6bCA$4.1bCA$186.3m12x14.1x0.6x
Mon, 30 Oct 2023CA$2.5bCA$4.0bCA$192.8m11x12.8x0.6x
Wed, 27 Sep 2023CA$2.5bCA$4.0bCA$192.8m11.3x13.2x0.6x
Fri, 25 Aug 2023CA$2.8bCA$4.0bCA$193.8m12.6x14.5x0.7x
Price to Earnings Ratio

14.5x


Total Market Cap: CA$2.8bTotal Earnings: CA$193.8mTotal Revenue: CA$4.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Airlines Industry Price to Earnings3Y Average 5.3x202420252026
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 52% 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 Market0.67%
Industrials0.88%
Airlines10.99%
Airlines10.99%
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$29.9516.3%
+CA$1.2b		56.2%PE19.5x
EIF Exchange IncomeCA$133.276.3%
+CA$446.1m		81.3%PE36.6x
CHR Chorus AviationCA$30.404.5%
+CA$31.9m		49.4%PE15.5x
TRZ Transat A.TCA$2.391.3%
+CA$1.2m		-16.7%PE0.3x

Latest News

AC
CA$29.95
Air Canada
7D
16.3%
1Y
56.2%
EIF
CA$133.27
Exchange Income
7D
6.3%
1Y
81.3%
Analysis Article • Aug 15

Exchange Income Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Exchange Income Corporation ( TSE:EIF ) just released its quarterly report and things are looking bullish. The company...
JET
CA$0.77
Global Crossing Airlines Group
7D
-10.5%
1Y
-2.5%
CHR
CA$30.40
Chorus Aviation
7D
4.5%
1Y
49.4%
TRZ
CA$2.39
Transat A.T
7D
1.3%
1Y
-16.7%
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.