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U.K. (FTSE) Airlines Industry Analysis

UpdatedJun 07, 2026
DataAggregated Company Financials
Companies4
  • 7D1.2%
  • 3M17.0%
  • 1Y7.4%
  • YTD-3.1%

The Airlines industry is up 1.2% in the last week, with easyJet up 19%. In the last 12 months, the industry was up 7.4%. Earnings are forecast to grow by 7.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 07 Jun 2026UK£25.8bUK£51.7bUK£4.1b5.8x6.2x0.5x
Tue, 05 May 2026UK£22.4bUK£51.1bUK£4.1b5.1x5.4x0.4x
Thu, 02 Apr 2026UK£22.6bUK£51.4bUK£4.1b5.2x5.5x0.4x
Sat, 28 Feb 2026UK£26.6bUK£51.6bUK£4.2b6x6.4x0.5x
Mon, 26 Jan 2026UK£26.6bUK£51.2bUK£3.8b7x6.9x0.5x
Wed, 24 Dec 2025UK£27.0bUK£51.4bUK£3.9b6.8x7x0.5x
Fri, 21 Nov 2025UK£24.7bUK£51.2bUK£3.8b6.1x6.5x0.5x
Sun, 19 Oct 2025UK£24.3bUK£45.6bUK£3.6b6.6x6.8x0.5x
Tue, 16 Sep 2025UK£24.3bUK£45.5bUK£3.6b6.7x6.8x0.5x
Thu, 14 Aug 2025UK£24.9bUK£45.4bUK£3.6b7.4x7x0.5x
Sat, 12 Jul 2025UK£25.8bUK£49.5bUK£3.6b7.4x7.2x0.5x
Mon, 09 Jun 2025UK£25.2bUK£48.5bUK£3.6b7.3x7.1x0.5x
Wed, 07 May 2025UK£20.8bUK£43.5bUK£3.3b7.2x6.4x0.5x
Fri, 04 Apr 2025UK£17.8bUK£43.3bUK£3.2b5.3x5.5x0.4x
Sun, 02 Mar 2025UK£23.8bUK£42.7bUK£3.2b7.5x7.4x0.6x
Tue, 28 Jan 2025UK£24.2bUK£46.8bUK£3.6b6.5x6.7x0.5x
Thu, 26 Dec 2024UK£23.9bUK£46.4bUK£3.6b6.5x6.7x0.5x
Sat, 23 Nov 2024UK£20.5bUK£45.9bUK£3.5b6x5.9x0.4x
Mon, 21 Oct 2024UK£17.5bUK£40.5bUK£3.0b7.8x5.9x0.4x
Wed, 18 Sep 2024UK£17.1bUK£40.8bUK£3.0b7.6x5.7x0.4x
Fri, 16 Aug 2024UK£14.6bUK£41.1bUK£3.0b7.3x4.8x0.4x
Sun, 14 Jul 2024UK£17.5bUK£44.5bUK£3.4b7.4x5.2x0.4x
Tue, 11 Jun 2024UK£17.2bUK£44.3bUK£3.4b7.3x5x0.4x
Thu, 09 May 2024UK£16.0bUK£39.6bUK£3.0b6.8x5.3x0.4x
Sat, 06 Apr 2024UK£15.9bUK£39.5bUK£3.0b7.3x5.2x0.4x
Mon, 04 Mar 2024UK£14.5bUK£39.5bUK£3.0b7.1x4.8x0.4x
Wed, 31 Jan 2024UK£14.5bUK£38.7bUK£2.8b6.6x5.2x0.4x
Fri, 29 Dec 2023UK£16.6bUK£43.3bUK£3.0b8.3x5.4x0.4x
Sun, 26 Nov 2023UK£15.0bUK£42.2bUK£2.6b5.6x5.7x0.4x
Tue, 24 Oct 2023UK£12.0bUK£36.1bUK£2.0b5.7x6.1x0.3x
Thu, 21 Sep 2023UK£13.4bUK£36.0bUK£2.0b6.3x6.8x0.4x
Sat, 19 Aug 2023UK£13.5bUK£35.6bUK£1.9b6.3x7x0.4x
Mon, 17 Jul 2023UK£13.8bUK£34.2bUK£1.2b8.3x11.6x0.4x
Wed, 14 Jun 2023UK£14.6bUK£33.5bUK£1.1b10.7x13.4x0.4x
Price to Earnings Ratio

13.4x


Total Market Cap: UK£14.6bTotal Earnings: UK£1.1bTotal Revenue: UK£33.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Airlines Industry Price to Earnings3Y Average 6.4x202420252026
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 56% 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 Market-0.73%
Industrials-1.81%
Airlines1.16%
Airlines1.16%
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
EZJ easyJetUK£4.7218.5%
+UK£550.9m		-19.5%PE8.5x
JET2 Jet2UK£12.676.2%
+UK£141.3m		-33.5%PE5.3x
WIZZ Wizz Air HoldingsUK£10.521.6%
+UK£17.6m		-10.4%PE3.9x

Latest News

WIZZ
UK£10.52
Wizz Air Holdings
7D
1.6%
1Y
-10.4%
Narrative Update • Jun 02

WIZZ: Middle East Conflict Will Pressure Earnings And Challenge Optimistic P E Assumptions

Analysts have modestly adjusted the fair value estimate for Wizz Air Holdings to £4.78 from £5.26, reflecting recent price target moves, including mixed revisions around £7.50 to £9.30 and changing views on margins and future P/E expectations. Analyst Commentary Recent Street research on Wizz Air Holdings shows a split view, with some large brokers adjusting price targets in both directions and others shifting ratings.
EZJ
UK£4.72
easyJet
7D
18.5%
1Y
-19.5%
IAG
UK£4.21
International Consolidated Airlines Group
7D
-2.2%
1Y
26.9%
Narrative Update • May 26

IAG: Dividend And Buyback Plans Will Support Future Repricing Potential

Analysts have slightly lifted the blended price target for International Consolidated Airlines Group, with ongoing revisions in the range of £0.15 to £0.40 per share as they factor in updated fair value estimates, revenue expectations and margin assumptions. Analyst Commentary Recent research on International Consolidated Airlines Group is mixed, but you can see a clear group of bullish analysts who are focusing on valuation support, execution on current plans and potential for revenue growth.
JET2
UK£12.67
Jet2
7D
6.2%
1Y
-33.5%
Narrative Update • May 24

JET2: 2026 EBIT Guidance Will Anchor Confidence Despite Clustered Broker Downgrades

The analyst price target for Jet2 has been reduced from £16.34 to £14.45. This change reflects updated assumptions on revenue growth, profit margins and P/E multiples following a series of recent target cuts and a downgrade from several brokers.