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U.S. Airlines Industry Analysis

UpdatedDec 04, 2025
DataAggregated Company Financials
Companies19
  • 7D4.6%
  • 3M5.4%
  • 1Y8.8%
  • YTD12.0%

In the last week, the Airlines industry is up 2.6%, with Delta Air Lines up 4.8%. In the same time, Wheels Up Experience was down 20%. This takes the industry's 12 month performance to a gain of 6.6%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 04 Dec 2025US$126.1bUS$207.8bUS$6.7b10.1x18.8x0.6x
Sat, 01 Nov 2025US$115.8bUS$206.3bUS$6.9b9.6x16.7x0.6x
Mon, 29 Sep 2025US$119.6bUS$204.4bUS$7.1b9.8x17x0.6x
Wed, 27 Aug 2025US$123.3bUS$204.3bUS$7.1b10.9x17.5x0.6x
Fri, 25 Jul 2025US$122.5bUS$210.6bUS$7.1b11.6x17.4x0.6x
Sun, 22 Jun 2025US$98.9bUS$209.2bUS$6.6b10.5x14.9x0.5x
Tue, 20 May 2025US$103.3bUS$204.0bUS$7.7b11.3x13.5x0.5x
Thu, 17 Apr 2025US$84.6bUS$203.4bUS$6.7b8.4x12.6x0.4x
Sat, 15 Mar 2025US$93.4bUS$201.2bUS$6.7b10.9x13.9x0.5x
Mon, 10 Feb 2025US$129.3bUS$200.0bUS$6.8b14.6x19.1x0.6x
Wed, 08 Jan 2025US$122.5bUS$196.3bUS$7.0b12x17.5x0.6x
Fri, 06 Dec 2024US$122.1bUS$196.5bUS$7.0b12.2x17.5x0.6x
Sun, 03 Nov 2024US$106.2bUS$183.9bUS$6.6b13.2x16.1x0.6x
Tue, 01 Oct 2024US$92.0bUS$182.6bUS$6.4b11.8x14.4x0.5x
Thu, 29 Aug 2024US$76.8bUS$182.6bUS$6.4b11.1x12x0.4x
Sat, 27 Jul 2024US$82.6bUS$183.2bUS$6.5b13x12.7x0.5x
Mon, 24 Jun 2024US$86.5bUS$180.8bUS$7.1b12.7x12.2x0.5x
Wed, 22 May 2024US$91.7bUS$180.8bUS$7.0b11.4x13.1x0.5x
Fri, 19 Apr 2024US$89.3bUS$192.6bUS$7.9b9.6x11.3x0.5x
Sun, 17 Mar 2024US$83.0bUS$190.8bUS$7.3b10x11.3x0.4x
Tue, 13 Feb 2024US$85.4bUS$190.8bUS$7.2b11.4x11.8x0.4x
Thu, 11 Jan 2024US$85.7bUS$190.8bUS$6.0b10.2x14.2x0.4x
Sat, 09 Dec 2023US$81.2bUS$190.7bUS$6.1b9.9x13.4x0.4x
Mon, 06 Nov 2023US$68.0bUS$189.2bUS$6.8b10.4x10x0.4x
Wed, 04 Oct 2023US$74.7bUS$185.9bUS$6.5b10.3x11.5x0.4x
Fri, 01 Sep 2023US$87.5bUS$186.3bUS$6.5b11x13.4x0.5x
Sun, 30 Jul 2023US$95.1bUS$187.6bUS$5.9b16.7x16.2x0.5x
Tue, 27 Jun 2023US$92.7bUS$183.2bUS$4.0b21.6x23.2x0.5x
Thu, 25 May 2023US$78.8bUS$171.6bUS$3.2b21.5x24.7x0.5x
Sat, 22 Apr 2023US$78.9bUS$168.7bUS$2.7b16.2x29.4x0.5x
Mon, 20 Mar 2023US$74.3bUS$160.9bUS$972.1m19.1x76.5x0.5x
Wed, 15 Feb 2023US$88.2bUS$160.5bUS$1.3b20.6x68.2x0.5x
Fri, 13 Jan 2023US$88.9bUS$149.1b-US$1,261,567,000.0017.9x-70.5x0.6x
Sun, 11 Dec 2022US$81.4bUS$149.1b-US$1,153,426,000.0019.7x-70.5x0.5x
Price to Earnings Ratio

-70.5x


Total Market Cap: US$81.4bTotal Earnings: -US$1,153,426,000.00Total Revenue: US$149.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Airlines Industry Price to Earnings3Y Average -2.8x202320242025
Current Industry PE
  • Investors are pessimistic on the American 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 18.6x which is higher than its 3-year average PE of -2.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.50x.
Past Earnings Growth
  • Total earnings for the Airlines industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 12% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Industrials industry?

US Market-3.66%
Industrials0.58%
Airlines4.61%
Airlines4.61%
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
UAL United Airlines HoldingsUS$108.486.8%
+US$2.2b		9.3%PE10.7x
DAL Delta Air LinesUS$67.495.0%
+US$2.1b		5.0%PE9.5x
JOBY Joby AviationUS$14.633.6%
+US$465.0m		80.4%PS589.1x
AAL American Airlines GroupUS$14.564.5%
+US$415.9m		-2.2%PE16x
ALK Alaska Air GroupUS$45.376.7%
+US$331.7m		-16.6%PE35.1x

Latest News

AAL
US$14.56
American Airlines Group
7D
4.5%
1Y
-2.2%
FLYX
US$3.27
flyExclusive
7D
-4.1%
1Y
36.8%
ULCC
US$4.89
Frontier Group Holdings
7D
10.1%
1Y
-18.6%

There's Reason For Concern Over Frontier Group Holdings, Inc.'s (NASDAQ:ULCC) Massive 29% Price Jump

Dec 03
There's Reason For Concern Over Frontier Group Holdings, Inc.'s (NASDAQ:ULCC) Massive 29% Price Jump
JTAI
US$1.52
Jet.AI
7D
-24.0%
1Y
-59.9%
DAL
US$67.49
Delta Air Lines
7D
5.0%
1Y
5.0%

DAL: Industry Consolidation And Margin Gains Will Spur Outperformance Through 2026

The analyst price target for Delta Air Lines edged slightly lower to $71.60 from $71.75. Analysts cite improved revenue and margin outlooks, but anticipate only minor adjustments following the most recent earnings and guidance updates.
UAL
US$108.48
United Airlines Holdings
7D
6.8%
1Y
9.3%

UAL: Margin Expansion And Resilient Demand Will Overcome Near-Term Flight Disruptions

United Airlines Holdings' analyst price target has been modestly adjusted from $123.20 to $122.90. This reflects analysts' views that while the company continues pursuing margin expansion and earnings growth, recent sector dynamics and improving demand are being balanced with updated financial outlooks.
LUV
US$35.68
Southwest Airlines
7D
1.8%
1Y
4.5%

LUV: Revenue Momentum And Industry Shifts Will Influence Market Standing

Southwest Airlines’ analyst price target has increased from approximately $34.07 to $34.23. Analysts cite incremental improvements in revenue growth and profit margin expectations as key drivers behind this modest upward revision.
ALK
US$45.37
Alaska Air Group
7D
6.7%
1Y
-16.6%

ALK: Premium Seat Expansion And Loyalty Program Growth Will Drive Future Strength

Alaska Air Group's analyst price target was revised slightly downward, from $67 to approximately $66.79, as analysts weighed recent earnings results, evolving sector dynamics, and the impact of higher costs on updated forecasts. Analyst Commentary Bullish Takeaways Bullish analysts highlighted Alaska Air's potential for earnings growth.
SOAR
US$1.26
Volato Group
7D
-6.0%
1Y
-83.7%
UP
US$0.62
Wheels Up Experience
7D
-20.8%
1Y
-70.5%
AERO
US$19.43
Grupo Aeroméxico. de
7D
4.5%
1Y
n/a
JOBY
US$14.63
Joby Aviation
7D
3.6%
1Y
80.4%