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U.K. (FTSE) Airlines Industry Analysis

UpdatedJun 26, 2026
DataAggregated Company Financials
Companies4
  • 7D6.3%
  • 3M38.8%
  • 1Y28.1%
  • YTD12.5%

In the last week, the Airlines industry is up 2.9%, with International Consolidated Airlines Group up 3.0%. This takes the industry's 12 month performance to a gain of 23%. Earnings are forecast to grow by 9.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jun 2026UK£29.8bUK£51.6bUK£3.9b8.8x7.7x0.6x
Sun, 24 May 2026UK£23.6bUK£51.6bUK£4.1b5.3x5.7x0.5x
Tue, 21 Apr 2026UK£24.3bUK£51.4bUK£4.1b5.4x5.9x0.5x
Thu, 19 Mar 2026UK£22.1bUK£51.1bUK£4.1b5.1x5.4x0.4x
Sat, 14 Feb 2026UK£27.3bUK£51.4bUK£3.9b6.4x7x0.5x
Mon, 12 Jan 2026UK£27.2bUK£51.2bUK£3.8b7x7.1x0.5x
Wed, 10 Dec 2025UK£25.7bUK£51.5bUK£3.9b6.3x6.7x0.5x
Fri, 07 Nov 2025UK£25.2bUK£46.1bUK£3.6b6.9x7x0.5x
Sun, 05 Oct 2025UK£24.2bUK£45.7bUK£3.6b6.5x6.8x0.5x
Tue, 02 Sep 2025UK£25.2bUK£45.5bUK£3.6b7.4x7.1x0.6x
Thu, 31 Jul 2025UK£24.2bUK£45.0bUK£3.4b7.5x7.2x0.5x
Sat, 28 Jun 2025UK£24.8bUK£48.9bUK£3.6b7x6.9x0.5x
Mon, 26 May 2025UK£23.0bUK£44.0bUK£3.4b7.6x6.9x0.5x
Wed, 23 Apr 2025UK£18.5bUK£43.8bUK£3.3b5.9x5.6x0.4x
Fri, 21 Mar 2025UK£20.6bUK£43.1bUK£3.2b6.1x6.4x0.5x
Sun, 16 Feb 2025UK£23.5bUK£42.3bUK£3.3b6.9x7.1x0.6x
Tue, 14 Jan 2025UK£22.8bUK£46.8bUK£3.6b6.2x6.3x0.5x
Thu, 12 Dec 2024UK£23.4bUK£46.2bUK£3.5b6.6x6.6x0.5x
Sat, 09 Nov 2024UK£18.9bUK£40.4bUK£3.0b8.3x6.4x0.5x
Mon, 07 Oct 2024UK£16.2bUK£40.6bUK£3.0b7.6x5.4x0.4x
Wed, 04 Sep 2024UK£15.9bUK£40.8bUK£3.0b7.8x5.3x0.4x
Fri, 02 Aug 2024UK£15.6bUK£44.7bUK£3.4b6.1x4.6x0.3x
Sun, 30 Jun 2024UK£16.5bUK£44.3bUK£3.4b6.9x4.8x0.4x
Tue, 28 May 2024UK£17.1bUK£44.7bUK£3.5b6.9x5x0.4x
Thu, 25 Apr 2024UK£15.8bUK£39.6bUK£3.0b7x5.2x0.4x
Sat, 23 Mar 2024UK£15.3bUK£39.5bUK£3.0b7.1x5.1x0.4x
Mon, 19 Feb 2024UK£14.4bUK£38.7bUK£2.8b6.8x5.2x0.4x
Wed, 17 Jan 2024UK£15.6bUK£43.0bUK£3.0b7.9x5.2x0.4x
Fri, 15 Dec 2023UK£16.6bUK£43.0bUK£3.0b7.9x5.5x0.4x
Sun, 12 Nov 2023UK£12.8bUK£37.4bUK£2.3b5.8x5.6x0.3x
Tue, 10 Oct 2023UK£12.7bUK£35.9bUK£1.9b5.9x6.5x0.4x
Thu, 07 Sep 2023UK£13.0bUK£35.7bUK£1.9b6x6.7x0.4x
Sat, 05 Aug 2023UK£14.2bUK£35.9bUK£2.0b6.6x7.3x0.4x
Mon, 03 Jul 2023UK£14.3bUK£33.6bUK£1.1b10.7x13x0.4x
Price to Earnings Ratio

13x


Total Market Cap: UK£14.3bTotal Earnings: UK£1.1bTotal Revenue: UK£33.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Airlines Industry Price to Earnings3Y Average 6.3x202420252026
Current Industry PE
  • Investors are optimistic on the British Airlines industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 7.4x which is higher than its 3-year average PE of 6.3x.
  • 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 15% 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 Market0.80%
Industrials0.29%
Airlines6.31%
Airlines6.31%
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£4.885.4%
+UK£986.6m		46.8%PE7.3x
EZJ easyJetUK£5.7412.7%
+UK£484.4m		8.4%PE10.4x
JET2 Jet2UK£13.725.6%
+UK£139.4m		-24.6%PE5.8x
WIZZ Wizz Air HoldingsUK£12.333.5%
+UK£43.5m		14.9%PE673.2x

Latest News

EZJ
UK£5.74
easyJet
7D
12.7%
1Y
8.4%
IAG
UK£4.88
International Consolidated Airlines Group
7D
5.4%
1Y
46.8%
Narrative Update • Jun 23

IAG: Diverging Street Views On Execution Risk Will Pressure Repricing

The latest Narrative Update for International Consolidated Airlines Group reflects a modest uplift in the internal fair value estimate to £3.86 per share, with analysts pointing to Street price target moves centered around £5.40 and updated views on revenue growth, profit margins, and forward P/E assumptions as key drivers of the revision. Analyst Commentary Recent Street research on International Consolidated Airlines Group shows a mix of optimism and caution, with some bearish analysts trimming price targets even as others lift their fair value views.
JET2
UK£13.72
Jet2
7D
5.6%
1Y
-24.6%
Narrative Update • Jun 23

JET2: 2026 Profit Guidance Will Support Confidence Despite Recent Broker Downgrades

Analysts have trimmed their price targets on Jet2 by £1.00 to £2.00 per share, citing updated assumptions around the company’s discount rate, profit margins and future P/E multiple. Analyst Commentary Recent research on Jet2 points to a more cautious stance on valuation, with several firms adjusting their price targets and one major bank issuing a downgrade.
WIZZ
UK£12.33
Wizz Air Holdings
7D
3.5%
1Y
14.9%