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U.S. Airlines Industry Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies17
  • 7D7.8%
  • 3M-12.3%
  • 1Y34.1%
  • YTD-4.4%

In the last week, the Airlines industry is up 7.8%, with Delta Air Lines leading the way, up 7.5%. In the same time, Volato Group was down 12%. This means that the industry has gained 34% over the past year. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 May 2026US$130.0bUS$211.0bUS$8.5b9.8x15.3x0.6x
Tue, 07 Apr 2026US$118.5bUS$205.9bUS$8.7b8.7x13.5x0.6x
Thu, 05 Mar 2026US$129.3bUS$209.8bUS$7.4b9.7x17.5x0.6x
Sat, 31 Jan 2026US$134.2bUS$210.0bUS$7.0b9x19.1x0.6x
Mon, 29 Dec 2025US$138.1bUS$208.0bUS$6.7b9.9x20.6x0.7x
Wed, 26 Nov 2025US$118.2bUS$206.0bUS$6.6b9.4x17.9x0.6x
Fri, 24 Oct 2025US$121.4bUS$205.8bUS$7.2b9.6x16.9x0.6x
Sun, 21 Sep 2025US$125.5bUS$204.5bUS$7.1b10.4x17.8x0.6x
Tue, 19 Aug 2025US$123.8bUS$204.4bUS$7.1b10.5x17.5x0.6x
Thu, 17 Jul 2025US$117.6bUS$209.4bUS$7.5b12.4x15.8x0.6x
Sat, 14 Jun 2025US$101.2bUS$209.2bUS$6.6b10.7x15.3x0.5x
Mon, 12 May 2025US$100.3bUS$204.6bUS$7.6b11.1x13.3x0.5x
Wed, 09 Apr 2025US$79.2bUS$201.1bUS$6.7b8.9x11.8x0.4x
Fri, 07 Mar 2025US$111.7bUS$201.0bUS$6.7b11.1x16.7x0.6x
Sun, 02 Feb 2025US$127.8bUS$199.9bUS$6.9b13.8x18.5x0.6x
Tue, 31 Dec 2024US$122.6bUS$196.4bUS$7.0b11.7x17.6x0.6x
Thu, 28 Nov 2024US$119.2bUS$196.4bUS$7.0b11.5x17.1x0.6x
Sat, 26 Oct 2024US$101.4bUS$183.4bUS$6.3b11.1x16.1x0.6x
Mon, 23 Sep 2024US$85.5bUS$182.6bUS$6.4b11.9x13.4x0.5x
Wed, 21 Aug 2024US$75.0bUS$182.6bUS$6.4b10.1x11.7x0.4x
Fri, 19 Jul 2024US$84.5bUS$182.8bUS$6.8b12.3x12.5x0.5x
Sun, 16 Jun 2024US$85.9bUS$180.8bUS$7.0b11.6x12.2x0.5x
Tue, 14 May 2024US$91.9bUS$180.9bUS$7.0b13.3x13.2x0.5x
Thu, 11 Apr 2024US$87.0bUS$191.7bUS$7.9b9.7x11.1x0.5x
Sat, 09 Mar 2024US$86.0bUS$190.8bUS$7.3b10.6x11.7x0.5x
Mon, 05 Feb 2024US$81.2bUS$190.9bUS$7.2b10.4x11.3x0.4x
Wed, 03 Jan 2024US$83.0bUS$190.8bUS$6.0b10.6x13.8x0.4x
Fri, 01 Dec 2023US$74.5bUS$190.7bUS$6.1b9.4x12.3x0.4x
Sun, 29 Oct 2023US$63.1bUS$189.3bUS$6.9b9.8x9.2x0.3x
Tue, 26 Sep 2023US$76.4bUS$186.0bUS$6.5b10.5x11.7x0.4x
Thu, 24 Aug 2023US$87.4bUS$186.3bUS$6.5b11.6x13.4x0.5x
Sat, 22 Jul 2023US$103.4bUS$187.2bUS$5.9b24x17.7x0.6x
Mon, 19 Jun 2023US$93.9bUS$171.6bUS$3.2b25.7x29.4x0.5x
Wed, 17 May 2023US$77.0bUS$171.6bUS$3.2b21.5x24.1x0.4x
Price to Earnings Ratio

24.1x


Total Market Cap: US$77.0bTotal Earnings: US$3.2bTotal Revenue: US$171.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Airlines Industry Price to Earnings3Y Average 15.5x202420252026
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 15.5x.
  • 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 39% per year over the last three years.
  • Revenues for these companies have grown 7.1% 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 Market2.14%
Industrials0.43%
Airlines7.77%
Airlines7.77%
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$73.117.5%
+US$3.3b		50.6%PE10.7x
UAL United Airlines HoldingsUS$99.7010.8%
+US$3.1b		25.6%PE8.8x
LUV Southwest AirlinesUS$41.399.2%
+US$1.7b		33.2%PE24.8x
AAL American Airlines GroupUS$13.1812.6%
+US$972.2m		19.5%PE43.2x
JOBY Joby AviationUS$10.018.9%
+US$806.2m		50.5%PS126.7x

Latest News

LUV
US$41.39
Southwest Airlines
7D
9.2%
1Y
33.2%
UAL
US$99.70
United Airlines Holdings
7D
10.8%
1Y
25.6%
JOBY
US$10.01
Joby Aviation
7D
8.9%
1Y
50.5%
ULCC
US$5.43
Frontier Group Holdings
7D
49.6%
1Y
45.6%
CPA
US$122.90
Copa Holdings
7D
6.2%
1Y
22.1%
Narrative Update • May 06

CPA: Solid Load Factors And Rising Dividends Will Support Future Upside

Analysts have nudged their price target for Copa Holdings slightly higher, from $126.00 to about $127.24, citing updated assumptions around revenue growth, discount rate, profit margin, and future P/E that modestly adjust their valuation framework. What's in the News Preliminary March 2026 traffic results showed available seat miles (ASM) of 3,025.7 million, revenue passenger miles (RPM) of 2,623.5 million, and a load factor of 86.7% (company announcement of operating results).
RJET
US$22.39
Republic Airways Holdings
7D
34.4%
1Y
n/a
AAL
US$13.18
American Airlines Group
7D
12.6%
1Y
19.5%
DAL
US$73.11
Delta Air Lines
7D
7.5%
1Y
50.6%
SOAR
US$0.21
Volato Group
7D
-11.9%
1Y
-90.8%