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U.S. Airlines Industry Analysis

UpdatedJul 19, 2026
DataAggregated Company Financials
Companies16
  • 7D-5.1%
  • 3M12.5%
  • 1Y19.1%
  • YTD5.7%

Over the last 7 days, the Airlines industry has dropped 5.1%, driven by declines from every company within the industry. Over the past 12 months, the industry was up 19%. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 19 Jul 2026US$144.9bUS$200.0bUS$7.5b10.7x19.4x0.7x
Tue, 16 Jun 2026US$144.4bUS$209.8bUS$8.5b10.6x17x0.7x
Thu, 14 May 2026US$125.7bUS$210.9bUS$8.5b9.4x14.8x0.6x
Sat, 11 Apr 2026US$123.4bUS$208.1bUS$8.2b9.6x15x0.6x
Mon, 09 Mar 2026US$117.4bUS$209.8bUS$7.4b8.9x15.9x0.6x
Wed, 04 Feb 2026US$138.0bUS$209.8bUS$7.0b9.5x19.6x0.7x
Fri, 02 Jan 2026US$135.4bUS$207.9bUS$6.7b9.7x20.2x0.7x
Sun, 30 Nov 2025US$124.7bUS$207.8bUS$6.7b9.7x18.6x0.6x
Tue, 28 Oct 2025US$122.0bUS$206.5bUS$7.0b9.9x17.4x0.6x
Thu, 25 Sep 2025US$124.4bUS$204.6bUS$7.1b10.1x17.6x0.6x
Sat, 23 Aug 2025US$118.1bUS$204.5bUS$7.1b10.8x16.7x0.6x
Mon, 21 Jul 2025US$122.8bUS$209.6bUS$7.1b12.3x17.3x0.6x
Wed, 18 Jun 2025US$101.5bUS$209.2bUS$6.6b10.6x15.3x0.5x
Fri, 16 May 2025US$102.3bUS$204.5bUS$7.6b11.3x13.5x0.5x
Sun, 13 Apr 2025US$84.9bUS$202.0bUS$6.9b9.1x12.2x0.4x
Tue, 11 Mar 2025US$104.9bUS$201.0bUS$6.7b10.2x15.7x0.5x
Thu, 06 Feb 2025US$129.5bUS$200.0bUS$6.7b13.8x19.4x0.6x
Sat, 04 Jan 2025US$118.4bUS$196.2bUS$7.0b11.4x17x0.6x
Mon, 02 Dec 2024US$120.3bUS$196.5bUS$7.0b11.5x17.2x0.6x
Wed, 30 Oct 2024US$103.4bUS$183.5bUS$6.4b11.2x16.1x0.6x
Fri, 27 Sep 2024US$88.9bUS$182.6bUS$6.4b11.6x13.9x0.5x
Sun, 25 Aug 2024US$77.1bUS$182.6bUS$6.4b10.6x12x0.4x
Tue, 23 Jul 2024US$83.1bUS$182.8bUS$6.8b12.1x12.3x0.5x
Thu, 20 Jun 2024US$87.1bUS$180.8bUS$7.1b12x12.3x0.5x
Sat, 18 May 2024US$91.8bUS$180.8bUS$7.1b12.2x13x0.5x
Mon, 15 Apr 2024US$83.9bUS$191.4bUS$7.9b9.5x10.7x0.4x
Wed, 13 Mar 2024US$85.8bUS$190.8bUS$7.3b10.2x11.7x0.4x
Fri, 09 Feb 2024US$81.9bUS$190.8bUS$7.3b10.9x11.3x0.4x
Sun, 07 Jan 2024US$84.3bUS$190.8bUS$6.0b10.5x14x0.4x
Tue, 05 Dec 2023US$77.8bUS$190.7bUS$6.1b9.6x12.8x0.4x
Thu, 02 Nov 2023US$63.3bUS$189.1bUS$6.7b9.8x9.5x0.3x
Sat, 30 Sep 2023US$75.8bUS$186.0bUS$6.5b10.8x11.6x0.4x
Mon, 28 Aug 2023US$85.5bUS$186.2bUS$6.5b11.4x13.1x0.5x
Wed, 26 Jul 2023US$98.7bUS$187.4bUS$6.0b23.1x16.6x0.5x
Price to Earnings Ratio

16.6x


Total Market Cap: US$98.7bTotal Earnings: US$6.0bTotal Revenue: US$187.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Airlines Industry Price to Earnings3Y Average 15x202420252026
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 20.0x which is higher than its 3-year average PE of 15.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.53x.
Past Earnings Growth
  • The earnings for companies in the Airlines industry have grown 7.9% per year over the last three years.
  • Revenues for these companies have grown 2.2% 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 Market-1.97%
Industrials-1.51%
Airlines-5.14%
Airlines-5.14%
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
No data available

Latest News

UAL
US$115.41
United Airlines Holdings
7D
-8.4%
1Y
25.1%
AERO
US$15.43
Grupo Aeroméxico. de
7D
-7.8%
1Y
n/a
Analysis Article • Jul 17

Analysts Are Updating Their Grupo Aeroméxico, S.A.B. de C.V. (NYSE:AERO) Estimates After Its Second-Quarter Results

Grupo Aeroméxico, S.A.B. de C.V. ( NYSE:AERO ) shareholders are probably feeling a little disappointed, since its...
DAL
US$84.17
Delta Air Lines
7D
-3.7%
1Y
49.5%
Analysis Article • Jul 17

Delta Air Lines' (NYSE:DAL) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Delta Air Lines, Inc.'s ( NYSE:DAL ) recent weak earnings report didn't cause a big stock movement. However, we believe...
AAL
US$14.98
American Airlines Group
7D
-11.6%
1Y
19.7%
Narrative Update • Jul 17

AAL: Strong Fares And Fuel Moderation Are Expected To Support Margins

Analysts now set a higher fair value target of $19.60 for American Airlines Group, reflecting updated views that combine firm demand and moderating fuel costs with slightly lower revenue growth expectations and somewhat stronger projected profit margins and P/E multiple assumptions. Analyst Commentary Recent Street research on American Airlines Group shows a clear split between bullish analysts raising price targets on the stock and more cautious voices highlighting execution and capacity risks.
JOBY
US$7.23
Joby Aviation
7D
-6.3%
1Y
-59.3%
ALGT
US$100.90
Allegiant Travel
7D
-9.1%
1Y
95.2%
Narrative Update • Jul 16

ALGT: Sun Country Synergies And Demand Resilience Will Drive Future Re Rating

Analysts have lifted the fair value estimate for Allegiant Travel to $160 from $120, citing a reset of earnings assumptions tied to the Sun Country acquisition, stronger modeled revenue growth, modestly higher profit margins, a lower discount rate, and a reduced future P/E multiple that aligns with updated Street price targets clustered around $145 to $160. Analyst Commentary Recent Street research on Allegiant Travel has leaned constructive, with several bullish analysts citing the Sun Country Airlines acquisition, focused execution around the core airline business, and updated earnings frameworks as key supports for their views on the stock's valuation and long term growth potential.
ALK
US$45.51
Alaska Air Group
7D
-7.9%
1Y
-14.4%
Narrative Update • Jul 15

ALK: Earnings And Pricing Power Will Support Future Upside

The analyst price target for Alaska Air Group has risen from $57.50 to about $65.34 as analysts factor in stronger revenue trends, lower fuel prices, firm pricing and expectations that upcoming earnings updates could act as a positive catalyst. Analyst Commentary Recent Street research on Alaska Air Group points to a split view, with several bullish analysts lifting price targets on the back of stronger revenue trends and lower fuel costs, while more cautious voices focus on how much of this optimism may already be reflected in the stock.
CPA
US$139.07
Copa Holdings
7D
-7.6%
1Y
28.6%
Narrative Update • Jul 09

CPA: Capacity Expansion And Buybacks Will Support Future Upside

Analysts have lifted their price target for Copa Holdings from $165.13 to $173.13, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E as key drivers of the change. What’s in the News for Copa Holdings Copa Holdings reported Q1 2026 results with around 17% year over year revenue growth, supported by a 15.3% increase in passenger traffic and higher cargo volumes, according to recent earnings coverage.