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U.S. Airlines Industry Analysis

UpdatedApr 20, 2026
DataAggregated Company Financials
Companies17
  • 7D7.7%
  • 3M-3.5%
  • 1Y63.4%
  • YTD-4.5%

In the last week, the Airlines industry is up 7.7%, with Delta Air Lines up 7.0%. During this same period, the Wheels Up Experience underperformed, falling 25%. This takes the industry's 12 month performance to a gain of 63%. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 20 Apr 2026US$131.2bUS$208.2bUS$8.2b10.2x16x0.6x
Wed, 18 Mar 2026US$116.3bUS$209.6bUS$7.4b8.8x15.7x0.6x
Fri, 13 Feb 2026US$141.5bUS$206.2bUS$7.4b9.7x19.1x0.7x
Sun, 11 Jan 2026US$143.8bUS$207.8bUS$6.7b10.1x21.4x0.7x
Tue, 09 Dec 2025US$131.9bUS$207.8bUS$6.7b9.7x19.7x0.6x
Thu, 06 Nov 2025US$111.7bUS$206.2bUS$7.0b9.3x16x0.5x
Sat, 04 Oct 2025US$119.5bUS$204.5bUS$7.1b9.6x16.9x0.6x
Mon, 01 Sep 2025US$125.8bUS$204.4bUS$7.1b11.1x17.8x0.6x
Wed, 30 Jul 2025US$119.1bUS$210.4bUS$6.8b11.5x17.4x0.6x
Fri, 27 Jun 2025US$100.7bUS$209.5bUS$6.6b11.3x15.2x0.5x
Sun, 25 May 2025US$97.8bUS$204.4bUS$7.7b10.8x12.8x0.5x
Tue, 22 Apr 2025US$84.1bUS$203.7bUS$6.7b8.2x12.5x0.4x
Thu, 20 Mar 2025US$99.1bUS$201.2bUS$6.7b11.3x14.8x0.5x
Sat, 15 Feb 2025US$122.1bUS$200.1bUS$6.8b13.8x18x0.6x
Mon, 13 Jan 2025US$129.0bUS$196.1bUS$7.0b12.7x18.5x0.7x
Wed, 11 Dec 2024US$119.6bUS$196.5bUS$7.0b11.5x17.1x0.6x
Fri, 08 Nov 2024US$113.0bUS$196.9bUS$7.2b10.2x15.7x0.6x
Sun, 06 Oct 2024US$92.8bUS$182.6bUS$6.4b10.5x14.5x0.5x
Tue, 03 Sep 2024US$78.6bUS$182.6bUS$6.4b11.5x12.3x0.4x
Thu, 01 Aug 2024US$80.4bUS$183.0bUS$6.4b13.6x12.5x0.4x
Sat, 29 Jun 2024US$86.1bUS$180.8bUS$7.1b12.5x12.2x0.5x
Mon, 27 May 2024US$88.4bUS$180.8bUS$7.0b11.2x12.6x0.5x
Wed, 24 Apr 2024US$91.2bUS$192.6bUS$7.9b9.6x11.5x0.5x
Fri, 22 Mar 2024US$85.9bUS$190.8bUS$7.3b10.1x11.7x0.5x
Sun, 18 Feb 2024US$85.3bUS$190.8bUS$7.2b11.4x11.8x0.4x
Tue, 16 Jan 2024US$79.9bUS$191.6bUS$7.2b9.7x11x0.4x
Thu, 14 Dec 2023US$82.2bUS$190.7bUS$6.1b10.3x13.6x0.4x
Sat, 11 Nov 2023US$66.7bUS$190.6bUS$6.2b10.1x10.8x0.3x
Mon, 09 Oct 2023US$75.1bUS$186.0bUS$6.5b10.6x11.5x0.4x
Wed, 06 Sep 2023US$85.5bUS$186.2bUS$6.5b11x13.1x0.5x
Fri, 04 Aug 2023US$92.5bUS$187.8bUS$6.4b14.2x14.5x0.5x
Sun, 02 Jul 2023US$101.5bUS$183.2bUS$4.0b24.1x25.4x0.6x
Tue, 30 May 2023US$80.6bUS$171.6bUS$3.2b22.5x25.2x0.5x
Thu, 27 Apr 2023US$75.6bUS$168.8bUS$2.7b15.8x27.8x0.4x
Price to Earnings Ratio

27.8x


Total Market Cap: US$75.6bTotal Earnings: US$2.7bTotal Revenue: US$168.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Airlines Industry Price to Earnings3Y Average 15.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the American 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 15.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.52x.
Past Earnings Growth
  • The earnings for companies in the Airlines industry have grown 45% per year over the last three years.
  • Revenues for these companies have grown 7.2% 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.S. Industrials industry?

US Market4.02%
Industrials1.18%
Airlines7.71%
Airlines7.71%
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
DAL Delta Air LinesUS$71.727.0%
+US$3.1b		81.7%PE10.5x
UAL United Airlines HoldingsUS$101.806.9%
+US$2.1b		55.9%PE9.9x
LUV Southwest AirlinesUS$42.708.2%
+US$1.6b		77.6%PE47.5x
AAL American Airlines GroupUS$12.7813.8%
+US$1.0b		40.9%PE76x
JOBY Joby AviationUS$9.228.2%
+US$685.5m		58.7%PS169x

Latest News

JBLU
US$5.87
JetBlue Airways
7D
22.5%
1Y
63.5%

JetBlue: A Risky Bet In A Fragile Sky

Apr 20
LUV
US$42.70
Southwest Airlines
7D
8.2%
1Y
77.6%

LUV: Rising Fuel Costs Will Likely Constrain Future Margin Recovery

Southwest Airlines' analyst price target is revised slightly lower to $24.00 as analysts factor in higher discount rates, more conservative revenue growth and profit margin assumptions, and a higher future P/E multiple following a series of recent target cuts that largely cite rising fuel costs and more cautious earnings estimates. Analyst Commentary Street research around Southwest has turned more cautious as analysts revisit their assumptions on fuel, revenue, and margins.
UAL
US$101.80
United Airlines Holdings
7D
6.9%
1Y
55.9%
AAL
US$12.78
American Airlines Group
7D
13.8%
1Y
40.9%

AAL: Fuel Resilience And Demand Strength Will Support Future Margin Execution

Narrative Update on American Airlines Group The updated analyst price target for American Airlines Group reflects a modest reset in fair value to $14.94, as analysts factor in higher fuel cost assumptions alongside relatively steady expectations for revenue growth, profit margins, and future P/E multiples across recent research updates. Analyst Commentary Recent research around American Airlines Group has centered on resetting price targets to reflect higher fuel cost assumptions, with views split between those focused on demand resilience and those emphasizing margin pressure and balance of risks.
DAL
US$71.72
Delta Air Lines
7D
7.0%
1Y
81.7%
CPA
US$125.58
Copa Holdings
7D
5.7%
1Y
43.6%
ALK
US$45.40
Alaska Air Group
7D
13.6%
1Y
3.9%
JOBY
US$9.22
Joby Aviation
7D
8.2%
1Y
58.7%

Joby Aviation: Strong Capital, Stronger Moat

Apr 14
SOAR
US$0.23
Volato Group
7D
-10.9%
1Y
-88.6%
UP
US$0.41
Wheels Up Experience
7D
-25.1%
1Y
-48.0%