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Canadian (TSX) Airlines Industry Analysis

UpdatedAug 17, 2024
DataAggregated Company Financials
Companies4
  • 7D0.9%
  • 3M-11.5%
  • 1Y-23.8%
  • YTD-9.9%

Over the last 7 days, the Airlines industry has risen 1.5%, driven by gains from Air Canada of 1.9%. Meanwhile, Canada Jetlines Operations actually underperformed within the industry, shrinking 50% in the last week. However, the industry is down 24% over the past year. In the next few years, earnings are forecast to decline by 9.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 17 Aug 2024CA$8.4bCA$26.6bCA$1.9b11.5x4.4x0.3x
Mon, 15 Jul 2024CA$2.7bCA$4.3bCA$163.2m15.3x16.7x0.6x
Wed, 12 Jun 2024CA$2.6bCA$4.3bCA$163.2m14.1x16.1x0.6x
Fri, 10 May 2024CA$2.7bCA$4.3bCA$152.3m14.4x17.7x0.6x
Sun, 07 Apr 2024CA$2.7bCA$4.2bCA$177.3m12.5x15.4x0.7x
Tue, 05 Mar 2024CA$2.8bCA$4.2bCA$177.3m12.6x15.5x0.7x
Thu, 01 Feb 2024CA$2.7bCA$4.1bCA$186.3m12.5x14.7x0.7x
Sat, 30 Dec 2023CA$2.7bCA$4.1bCA$186.3m12.2x14.4x0.7x
Mon, 27 Nov 2023CA$2.6bCA$4.1bCA$187.5m12x14.1x0.6x
Wed, 25 Oct 2023CA$2.5bCA$4.0bCA$192.8m11.1x13x0.6x
Fri, 22 Sep 2023CA$2.6bCA$4.0bCA$192.8m11.7x13.6x0.7x
Sun, 20 Aug 2023CA$2.8bCA$4.0bCA$193.8m12.8x14.7x0.7x
Tue, 18 Jul 2023CA$3.1bCA$3.9bCA$130.4m23.3x23.6x0.8x
Thu, 15 Jun 2023CA$3.1bCA$3.9bCA$130.4m22.6x23.7x0.8x
Sat, 13 May 2023CA$3.0bCA$3.9bCA$131.5m22.1x22.4x0.8x
Mon, 10 Apr 2023CA$2.9bCA$3.7bCA$129.6m22.5x22.7x0.8x
Wed, 08 Mar 2023CA$3.0bCA$3.7bCA$129.6m23.7x23x0.8x
Fri, 03 Feb 2023CA$3.1bCA$3.4bCA$99.5m22.1x31.6x0.9x
Sun, 01 Jan 2023CA$2.9bCA$3.4bCA$99.5m21.1x29.4x0.9x
Tue, 29 Nov 2022CA$2.7bCA$3.4bCA$99.5m19.2x27.5x0.8x
Thu, 27 Oct 2022CA$2.5bCA$3.1bCA$46.7m24.3x53.3x0.8x
Sat, 24 Sep 2022CA$2.4bCA$3.1bCA$46.7m23x51.4x0.8x
Mon, 22 Aug 2022CA$2.6bCA$3.1bCA$46.1m24.4x55.9x0.8x
Wed, 20 Jul 2022CA$2.4bCA$2.7bCA$76.0m20.8x32.2x0.9x
Fri, 17 Jun 2022CA$2.4bCA$2.7bCA$76.1m20.7x31.5x0.9x
Sun, 15 May 2022CA$2.6bCA$2.7bCA$77.1m22.6x33.6x1x
Tue, 12 Apr 2022CA$2.4bCA$2.5bCA$23.3m67.7x104.8x1x
Thu, 10 Mar 2022CA$2.3bCA$2.4bCA$27.1m63.3x85.9x1x
Sat, 05 Feb 2022CA$2.5bCA$2.2bCA$16.7m69.7x151x1.1x
Mon, 03 Jan 2022CA$2.7bCA$2.2bCA$16.4m27.3x162.9x1.2x
Wed, 01 Dec 2021CA$2.4bCA$2.2bCA$16.2m26.5x147.2x1.1x
Fri, 29 Oct 2021CA$2.4bCA$2.0bCA$53.1m39.4x45x1.2x
Sun, 26 Sep 2021CA$2.5bCA$2.0bCA$52.7m41.3x47.3x1.2x
Tue, 24 Aug 2021CA$2.6bCA$2.9bCA$52.0m43.8x49.1x0.9x
Price to Earnings Ratio

49.1x


Total Market Cap: CA$2.6bTotal Earnings: CA$52.0mTotal Revenue: CA$2.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Airlines Industry Price to Earnings3Y Average 45.8x202220232024
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 4.3x which is lower than its 3-year average PE of 45.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.84x.
Past Earnings Growth
  • The earnings for companies in the Airlines industry have grown 233% per year over the last three years.
  • Revenues for these companies have grown 110% 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 Market3.21%
Industrials1.84%
Airlines0.91%
Airlines0.91%
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
EIF Exchange IncomeCA$48.404.3%
+CA$95.0m		0.2%PE19.9x
CHR Chorus AviationCA$2.562.8%
+CA$14.1m		-6.6%PE11.5x
VOL Volatus AerospaceCA$0.246.7%
+CA$1.9m		9.1%PS0.9x
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Latest News

CHR

CA$2.56

Chorus Aviation

7D

2.8%

1Y

-6.6%

Revenue Beat: Chorus Aviation Inc. Exceeded Revenue Forecasts By 5.3% And Analysts Are Updating Their Estimates

Aug 17
Revenue Beat: Chorus Aviation Inc. Exceeded Revenue Forecasts By 5.3% And Analysts Are Updating Their Estimates

EIF

CA$48.40

Exchange Income

7D

4.3%

1Y

0.2%

JET

CA$0.70

Global Crossing Airlines Group

7D

-9.1%

1Y

-42.1%

CJET

CA$0.02

Canada Jetlines Operations

7D

-55.6%

1Y

-85.7%

AC

CA$15.54

Air Canada

7D

-0.5%

1Y

-31.5%

TRZ

CA$1.93

Transat A.T

7D

-2.0%

1Y

-56.8%

Returns On Capital Are Showing Encouraging Signs At Transat A.T (TSE:TRZ)

Aug 08
Returns On Capital Are Showing Encouraging Signs At Transat A.T (TSE:TRZ)

VOL

CA$0.24

Volatus Aerospace

7D

6.7%

1Y

9.1%