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U.K. (FTSE) Airlines Industry Analysis

UpdatedJun 14, 2026
DataAggregated Company Financials
Companies4
  • 7D3.7%
  • 3M24.9%
  • 1Y17.6%
  • YTD0.5%

Over the last 7 days, the Airlines industry has dropped 2.1%. Over the past 12 months, the industry was up 6.9%. Looking forward, earnings are forecast to grow by 8.7% annually.

Industry Valuation and Performance

Has the U.K. Airlines Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Jun 2026UK£26.8bUK£51.6bUK£3.9b7.8x6.9x0.5x
Tue, 12 May 2026UK£24.2bUK£51.3bUK£4.2b5.1x5.7x0.5x
Thu, 09 Apr 2026UK£23.9bUK£51.4bUK£4.1b5.5x5.8x0.5x
Sat, 07 Mar 2026UK£22.9bUK£51.2bUK£4.1b5.4x5.5x0.4x
Mon, 02 Feb 2026UK£26.6bUK£51.3bUK£3.9b6.2x6.8x0.5x
Wed, 31 Dec 2025UK£26.9bUK£51.4bUK£3.9b6.8x7x0.5x
Fri, 28 Nov 2025UK£25.8bUK£51.5bUK£3.9b6.5x6.7x0.5x
Sun, 26 Oct 2025UK£25.2bUK£45.8bUK£3.6b6.9x7x0.5x
Tue, 23 Sep 2025UK£23.6bUK£45.8bUK£3.6b6.4x6.6x0.5x
Thu, 21 Aug 2025UK£25.1bUK£45.6bUK£3.6b7.5x7x0.6x
Sat, 19 Jul 2025UK£26.0bUK£49.7bUK£3.6b7.4x7.3x0.5x
Mon, 16 Jun 2025UK£23.8bUK£48.8bUK£3.6b6.8x6.7x0.5x
Wed, 14 May 2025UK£23.1bUK£43.8bUK£3.4b7.6x6.8x0.5x
Fri, 11 Apr 2025UK£17.8bUK£43.9bUK£3.3b5.5x5.4x0.4x
Sun, 09 Mar 2025UK£22.0bUK£43.2bUK£3.2b6.7x6.8x0.5x
Tue, 04 Feb 2025UK£24.8bUK£46.6bUK£3.4b7.7x7.2x0.5x
Thu, 02 Jan 2025UK£23.8bUK£46.3bUK£3.5b6.6x6.7x0.5x
Sat, 30 Nov 2024UK£21.6bUK£46.4bUK£3.6b6.1x6.1x0.5x
Mon, 28 Oct 2024UK£17.2bUK£40.5bUK£3.0b7.6x5.8x0.4x
Wed, 25 Sep 2024UK£16.8bUK£40.5bUK£3.0b7.5x5.7x0.4x
Fri, 23 Aug 2024UK£15.0bUK£41.0bUK£3.0b7.5x5x0.4x
Sun, 21 Jul 2024UK£17.2bUK£44.5bUK£3.4b7.6x5.1x0.4x
Tue, 18 Jun 2024UK£16.7bUK£44.2bUK£3.4b7x4.9x0.4x
Thu, 16 May 2024UK£15.9bUK£40.0bUK£3.1b6.8x5.1x0.4x
Sat, 13 Apr 2024UK£15.1bUK£39.5bUK£3.0b7.1x5x0.4x
Mon, 11 Mar 2024UK£14.7bUK£39.3bUK£3.0b7x4.9x0.4x
Wed, 07 Feb 2024UK£14.4bUK£38.7bUK£2.8b6.5x5.2x0.4x
Fri, 05 Jan 2024UK£16.2bUK£43.1bUK£3.0b8x5.3x0.4x
Sun, 03 Dec 2023UK£16.0bUK£42.8bUK£3.0b7.6x5.3x0.4x
Tue, 31 Oct 2023UK£12.1bUK£37.3bUK£2.3b5.4x5.3x0.3x
Thu, 28 Sep 2023UK£12.8bUK£36.0bUK£2.0b6x6.5x0.4x
Sat, 26 Aug 2023UK£13.2bUK£35.8bUK£1.9b6.1x6.8x0.4x
Mon, 24 Jul 2023UK£13.9bUK£34.4bUK£1.2b8.3x11.6x0.4x
Wed, 21 Jun 2023UK£14.7bUK£33.5bUK£1.1b10.9x13.5x0.4x
Price to Earnings Ratio

13.5x


Total Market Cap: UK£14.7bTotal Earnings: UK£1.1bTotal Revenue: UK£33.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Airlines Industry Price to Earnings3Y Average 6.3x202420252026
Current Industry PE
  • Investors are relatively neutral on the British Airlines industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 6.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.45x.
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 16% 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 U.K. Industrials industry?

GB Market1.05%
Industrials0.62%
Airlines3.69%
Airlines3.69%
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
IAG International Consolidated Airlines GroupUK£4.363.7%
+UK£687.2m		37.7%PE6.5x
EZJ easyJetUK£5.006.0%
+UK£211.5m		-8.0%PE9x
WIZZ Wizz Air HoldingsUK£10.802.7%
+UK£29.0m		-3.4%PE588.7x
JET2 Jet2UK£12.801.0%
+UK£24.8m		-28.3%PE5.4x

Latest News

WIZZ
UK£10.80
Wizz Air Holdings
7D
2.7%
1Y
-3.4%
IAG
UK£4.36
International Consolidated Airlines Group
7D
3.7%
1Y
37.7%
Narrative Update • Jun 09

IAG: Mixed Rating Revisions And Modest Fair Value Shift Will Shape Repricing

The analyst price target for International Consolidated Airlines Group has shifted modestly higher to reflect updated assumptions on a fair value of £3.85, revenue growth, profit margins, and expected future P/E, even as recent Street research has shown mixed moves in individual price targets. Analyst Commentary Recent Street research on International Consolidated Airlines Group shows a mix of price target adjustments, with several bearish analysts trimming their fair value estimates even as others make more supportive tweaks.
JET2
UK£12.80
Jet2
7D
1.0%
1Y
-28.3%
Narrative Update • Jun 07

JET2: 2026 Profit Guidance Will Underpin Confidence Despite Lower Future P E Assumptions

Jet2's analyst price targets have edged lower, with recent cuts from several banks leaving the stock trading on a revised implied fair value of £14.32, as analysts weigh updated assumptions around margins and future P/E multiples. Analyst Commentary Recent research has focused less on Jet2's near term trading and more on how to value the stock after a series of price target cuts and a fresh downgrade.
EZJ
UK£5.00
easyJet
7D
6.0%
1Y
-8.0%
Narrative Update • Jun 07

EZJ: Takeover Interest And FTSE 250 Shift Will Drive Future Upside

easyJet's analyst fair value has been cut from £6.56 to £5.74 as several firms trim price targets across a wide range, with analysts generally citing more cautious assumptions even where ratings remain Outperform or Buy. Analyst Commentary Across recent notes, the main message is that analysts are adjusting their models and price targets for easyJet, but with a wide spread of views on where the stock should trade.