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U.S. Airlines Industry Analysis

UpdatedJun 18, 2026
DataAggregated Company Financials
Companies16
  • 7D10.3%
  • 3M20.9%
  • 1Y50.2%
  • YTD6.0%

United Airlines Holdings is up 13%, leading the way for the Airlines industry, which has gained 5.5%. Meanwhile, flyExclusive actually underperformed within the industry, shrinking 5.8% in the last week. This means that the industry has gained 53% over the past year. 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, 18 Jun 2026US$147.1bUS$209.8bUS$8.5b10.3x17.3x0.7x
Sat, 16 May 2026US$127.8bUS$211.0bUS$8.5b9.2x15x0.6x
Mon, 13 Apr 2026US$122.5bUS$208.1bUS$8.2b9.6x14.9x0.6x
Wed, 11 Mar 2026US$120.8bUS$209.8bUS$7.4b8.7x16.3x0.6x
Fri, 06 Feb 2026US$142.6bUS$209.8bUS$7.3b9.5x19.6x0.7x
Sun, 04 Jan 2026US$137.0bUS$207.9bUS$6.7b9.9x20.4x0.7x
Tue, 02 Dec 2025US$124.7bUS$207.8bUS$6.7b9.6x18.6x0.6x
Thu, 30 Oct 2025US$117.0bUS$206.5bUS$6.9b9.5x16.9x0.6x
Sat, 27 Sep 2025US$119.2bUS$204.4bUS$7.1b9.8x16.9x0.6x
Mon, 25 Aug 2025US$125.1bUS$204.5bUS$7.1b10.8x17.7x0.6x
Wed, 23 Jul 2025US$121.4bUS$209.7bUS$7.1b12.3x17.1x0.6x
Fri, 20 Jun 2025US$98.9bUS$209.1bUS$6.6b10.6x14.9x0.5x
Sun, 18 May 2025US$103.1bUS$204.4bUS$7.6b11.4x13.6x0.5x
Tue, 15 Apr 2025US$85.0bUS$202.0bUS$6.9b8.5x12.2x0.4x
Thu, 13 Mar 2025US$97.2bUS$201.1bUS$6.7b10.4x14.5x0.5x
Sat, 08 Feb 2025US$128.7bUS$200.0bUS$6.8b14.6x19x0.6x
Mon, 06 Jan 2025US$120.0bUS$196.2bUS$7.0b11.4x17.2x0.6x
Wed, 04 Dec 2024US$120.0bUS$196.4bUS$7.0b11.4x17.2x0.6x
Fri, 01 Nov 2024US$104.2bUS$183.7bUS$6.5b12.9x16x0.6x
Sun, 29 Sep 2024US$92.0bUS$182.6bUS$6.4b11.9x14.4x0.5x
Tue, 27 Aug 2024US$77.1bUS$182.6bUS$6.4b10.9x12x0.4x
Thu, 25 Jul 2024US$82.4bUS$182.8bUS$6.8b12x12.2x0.5x
Sat, 22 Jun 2024US$86.5bUS$180.8bUS$7.1b12.7x12.2x0.5x
Mon, 20 May 2024US$91.7bUS$180.8bUS$7.1b12.2x13x0.5x
Wed, 17 Apr 2024US$83.7bUS$191.4bUS$7.9b9.4x10.7x0.4x
Fri, 15 Mar 2024US$83.8bUS$190.8bUS$7.3b10x11.4x0.4x
Sun, 11 Feb 2024US$84.2bUS$190.8bUS$7.2b11.2x11.6x0.4x
Tue, 09 Jan 2024US$84.3bUS$190.8bUS$6.0b10.5x14x0.4x
Thu, 07 Dec 2023US$79.0bUS$190.7bUS$6.1b9.9x13x0.4x
Sat, 04 Nov 2023US$68.0bUS$189.2bUS$6.8b10.4x10x0.4x
Mon, 02 Oct 2023US$75.8bUS$186.0bUS$6.5b10.8x11.6x0.4x
Wed, 30 Aug 2023US$88.5bUS$186.2bUS$6.5b11.6x13.5x0.5x
Fri, 28 Jul 2023US$98.9bUS$187.7bUS$5.9b23.1x16.7x0.5x
Sun, 25 Jun 2023US$92.3bUS$183.2bUS$4.0b21.5x23.1x0.5x
Price to Earnings Ratio

23.1x


Total Market Cap: US$92.3bTotal Earnings: US$4.0bTotal Revenue: US$183.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Airlines Industry Price to Earnings3Y Average 15.2x202420252026
Current Industry PE
  • Investors are optimistic on the American Airlines industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 17.4x which is higher than its 3-year average PE of 15.2x.
  • 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 28% per year over the last three years.
  • Revenues for these companies have grown 4.6% 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 Market1.98%
Industrials5.19%
Airlines10.31%
Airlines10.31%
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
UAL United Airlines HoldingsUS$115.8312.7%
+US$4.2b		55.9%PE10.3x
DAL Delta Air LinesUS$82.257.6%
+US$3.8b		72.9%PE12x
LUV Southwest AirlinesUS$46.6612.7%
+US$2.6b		49.7%PE27.9x
AAL American Airlines GroupUS$15.4214.9%
+US$1.3b		45.7%PE50.5x
ALK Alaska Air GroupUS$48.2715.8%
+US$734.3m		3.0%PE73.7x

Latest News

UAL
US$115.83
United Airlines Holdings
7D
12.7%
1Y
55.9%
Analysis Article • 3h

United Airlines Holdings (UAL) Stock Could Be 12.3% Undervalued After Strait Of Hormuz Deal

The peace framework between the U.S. and Iran, which will reopen the Strait of Hormuz, has quickly become a key story for United Airlines Holdings (UAL) stock as investors reassess fuel costs and international demand. See our latest analysis for United Airlines Holdings. United Airlines Holdings shares have been volatile, but the recent peace framework and easing fuel concerns coincide with a 7 day share price return of 12.7% and a 1 year total shareholder return of 55.9%, hinting that...
AAL
US$15.42
American Airlines Group
7D
14.9%
1Y
45.7%
ALK
US$48.27
Alaska Air Group
7D
15.8%
1Y
3.0%
Narrative Update • Jun 17

ALK: International Expansion And Hawaiian Integration Will Support Future Upside

Analysts have adjusted the fair value estimate for Alaska Air Group stock from $65.47 to $57.50, reflecting mixed research views. Some recent price target increases and cuts are tied to updated expectations for EPS potential, revenue growth and profit margins.
DAL
US$82.25
Delta Air Lines
7D
7.6%
1Y
72.9%
Narrative Update • Jun 16

DAL: Premium Focus And Cash Resilience Will Support Future Stock Upside

The analyst price target for Delta Air Lines has been revised from $95.00 to about $101.56 as several firms highlight what they see as improving earnings durability, resilient free cash flow and a supportive return on capital profile for the airline sector. Analyst Commentary Recent Street research on Delta Air Lines highlights a cluster of upward price target revisions, with several bullish analysts pointing to what they see as stronger earnings durability and cash generation as key supports for valuation.
LUV
US$46.66
Southwest Airlines
7D
12.7%
1Y
49.7%
Narrative Update • Jun 16

LUV: Rising Fuel Costs Will Likely Outpace Transformation Margin Gains

Southwest Airlines enters this narrative update with the analyst fair value estimate raised from $24.00 to $30.00, reflecting recent price target increases from several firms as analysts point to the company’s transformation efforts, earnings potential, and revised expectations for future P/E and profit margins. Analyst Commentary Recent Street research on Southwest Airlines has been mixed, with some institutions lifting price targets and others trimming expectations.
ALGT
US$95.89
Allegiant Travel
7D
19.6%
1Y
87.6%
Analysis Article • Jun 16

Allegiant Travel (ALGT) Stock Could Be 5% Undervalued After $650 Million Debt Refinance

Allegiant Travel (ALGT) stock is in focus after the company completed an upsized private offering of $650 million in 7.125% senior secured notes due 2031, aimed at refinancing existing debt. See our latest analysis for Allegiant Travel. The recent upsized notes offering comes at a time when Allegiant Travel's 30 day share price return of 27.16% and 7 day share price return of 15.71% point to building momentum, while the 1 year total shareholder return of 75.61% contrasts with weaker 3 and 5...
CPA
US$143.23
Copa Holdings
7D
11.5%
1Y
38.1%
JOBY
US$9.39
Joby Aviation
7D
6.0%
1Y
6.2%
SOAR
US$0.18
Volato Group
7D
-17.7%
1Y
-88.7%
RJET
US$17.65
Republic Airways Holdings
7D
-0.6%
1Y
n/a
Seeking Alpha • Jun 09

Republic Airways Q1: Too Much Uncertainty Regarding The Short Term

Summary Republic Airways Holdings Inc. is navigating post-merger integration with Mesa Airlines, driving significant revenue growth but limited operating leverage. RJET's operating income rose only 2.5% despite a 33.6% revenue increase, as merger-related expenses outpaced top-line gains. Management reaffirmed 2026 guidance, targeting $2B revenues and 10%-12% GAAP operating margins, but faces integration and cost rationalization challenges. The short-term outlook remains uncertain due to high fuel costs, capacity cuts by partners, and ongoing integration; monitoring the next quarters is prudent. Read the full article on Seeking Alpha
JTAI
US$6.54
Jet.AI
7D
-11.7%
1Y
-99.1%
FLYX
US$2.12
flyExclusive
7D
-5.8%
1Y
-15.2%