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U.S. Airlines Industry Analysis

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies16
  • 7D9.2%
  • 3M42.2%
  • 1Y60.5%
  • YTD19.0%

Over the last 7 days, the Airlines industry has risen 9.2%, driven by gains in United Airlines Holdings and Delta Air Lines of 15% and 10.0%, respectively. During this same period, the Joby Aviation underperformed, falling 12%. In the last 12 months, the industry was up 61%. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Jun 2026US$162.3bUS$209.6bUS$8.5b11.7x19.1x0.8x
Mon, 25 May 2026US$132.9bUS$209.8bUS$8.5b8.9x15.7x0.6x
Wed, 22 Apr 2026US$129.0bUS$208.3bUS$8.2b9.8x15.8x0.6x
Fri, 20 Mar 2026US$118.3bUS$209.7bUS$7.4b8.8x16x0.6x
Sun, 15 Feb 2026US$137.7bUS$206.3bUS$7.4b9.8x18.6x0.7x
Tue, 13 Jan 2026US$142.9bUS$207.8bUS$6.7b10x21.3x0.7x
Thu, 11 Dec 2025US$132.6bUS$207.8bUS$6.7b9.8x19.8x0.6x
Sat, 08 Nov 2025US$115.8bUS$206.2bUS$6.6b9.3x17.5x0.6x
Mon, 06 Oct 2025US$120.5bUS$204.5bUS$7.1b9.6x17.1x0.6x
Wed, 03 Sep 2025US$125.8bUS$204.4bUS$7.1b11.1x17.8x0.6x
Fri, 01 Aug 2025US$114.6bUS$210.1bUS$6.9b11.4x16.7x0.5x
Sun, 29 Jun 2025US$104.1bUS$209.4bUS$6.6b11.5x15.7x0.5x
Tue, 27 May 2025US$97.8bUS$204.4bUS$7.7b10.8x12.8x0.5x
Thu, 24 Apr 2025US$84.2bUS$203.4bUS$6.7b8.6x12.5x0.4x
Sat, 22 Mar 2025US$99.4bUS$201.1bUS$6.7b11.4x14.8x0.5x
Mon, 17 Feb 2025US$125.2bUS$200.2bUS$6.8b13.8x18.5x0.6x
Wed, 15 Jan 2025US$128.2bUS$197.5bUS$5.8b12.8x22.2x0.6x
Fri, 13 Dec 2024US$122.9bUS$196.4bUS$7.0b11.4x17.6x0.6x
Sun, 10 Nov 2024US$112.5bUS$196.8bUS$7.2b10.4x15.6x0.6x
Tue, 08 Oct 2024US$92.8bUS$182.6bUS$6.4b10.4x14.5x0.5x
Thu, 05 Sep 2024US$78.5bUS$182.6bUS$6.4b11.5x12.3x0.4x
Sat, 03 Aug 2024US$76.8bUS$182.9bUS$6.1b11.5x12.5x0.4x
Mon, 01 Jul 2024US$85.6bUS$180.8bUS$7.1b12.5x12.1x0.5x
Wed, 29 May 2024US$88.4bUS$180.8bUS$7.0b11.2x12.6x0.5x
Fri, 26 Apr 2024US$89.7bUS$193.2bUS$7.3b9x12.2x0.5x
Sun, 24 Mar 2024US$86.2bUS$190.7bUS$7.3b10.2x11.8x0.5x
Tue, 20 Feb 2024US$85.3bUS$190.8bUS$7.2b11.4x11.8x0.4x
Thu, 18 Jan 2024US$75.9bUS$191.6bUS$7.2b9x10.5x0.4x
Sat, 16 Dec 2023US$84.3bUS$190.8bUS$6.0b10.3x14x0.4x
Mon, 13 Nov 2023US$67.1bUS$190.7bUS$6.2b10.1x10.9x0.4x
Wed, 11 Oct 2023US$73.6bUS$186.0bUS$6.5b10.5x11.3x0.4x
Fri, 08 Sep 2023US$83.4bUS$186.1bUS$6.5b11x12.8x0.4x
Sun, 06 Aug 2023US$92.8bUS$187.9bUS$6.2b12.1x15x0.5x
Tue, 04 Jul 2023US$102.5bUS$183.2bUS$4.0b24x25.6x0.6x
Price to Earnings Ratio

25.6x


Total Market Cap: US$102.5bTotal Earnings: US$4.0bTotal Revenue: US$183.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Airlines Industry Price to Earnings3Y Average 15.1x202420252026
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 19.1x which is higher than its 3-year average PE of 15.1x.
  • 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 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 Market-2.65%
Industrials-0.38%
Airlines9.19%
Airlines9.19%
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$136.1115.0%
+US$5.8b		71.9%PE12.1x
DAL Delta Air LinesUS$92.5710.0%
+US$5.5b		86.7%PE13.5x
LUV Southwest AirlinesUS$51.918.2%
+US$1.9b		61.4%PE31.1x
AAL American Airlines GroupUS$17.8711.8%
+US$1.2b		58.4%PE58.5x
ALK Alaska Air GroupUS$53.869.3%
+US$512.6m		9.1%PE82.2x

Latest News

UAL
US$136.11
United Airlines Holdings
7D
15.0%
1Y
71.9%
SKYW
US$99.31
SkyWest
7D
7.2%
1Y
-4.0%
Seeking Alpha • 22h

SkyWest's Cheap Valuation Leaves Meaningful Upside

Summary SkyWest remains a Buy as strong contract coverage, disciplined capital allocation, and robust free cash flow are underappreciated by the market. SKYW trades at low multiples—9.3x trailing earnings, 5.7x EV/EBITDA—despite double-digit EPS growth, $400M+ 2025 free cash flow, and mid-single-digit block hour growth guidance. Revenue mix is increasingly diversified, with lease and charter revenues growing over 20%, reducing reliance on any single airline partner. Labor cost pressures persist, but efficient fleet use and flexible E175 contract assignments support margin resilience and upside to $11 GAAP EPS in 2026. Read the full article on Seeking Alpha
CPA
US$157.19
Copa Holdings
7D
4.1%
1Y
45.5%
JOBY
US$8.83
Joby Aviation
7D
-11.7%
1Y
-6.5%
Narrative Update • Jun 26

JOBY: FAA Certification Progress Will Drive Future Commercial Air Taxi Upside

Joby Aviation's analyst price target has been trimmed by roughly $1.02 to $11.12 per share, as analysts factor in updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E multiples following recent research updates from major firms. Analyst Commentary Recent research on Joby Aviation highlights a mix of optimism about the company’s long term opportunity and caution around execution, which together have driven lower price targets in the latest rounds of updates.
ALGT
US$116.10
Allegiant Travel
7D
15.2%
1Y
108.4%
ALK
US$53.86
Alaska Air Group
7D
9.3%
1Y
9.1%
SRFM
US$0.90
Surf Air Mobility
7D
-22.9%
1Y
-72.4%
Narrative Update • Jun 25

SRFM: Reaffirmed 2026 Outlook And Q2 Guidance Will Support Long Term Upside

Analysts have reduced their price target on Surf Air Mobility from $2.25 to $1.50, citing updated modeling following Q1 results that included a bottom-line loss, reiterated FY26 revenue expectations, improved bottom-line guidance, and a new Q2 FY26 outlook. What’s in the News for Surf Air Mobility Surf Air Mobility scheduled its annual meeting for July 24, 2026, with stockholders set to vote on a proposed reverse stock split of common stock at a ratio between 2:1 and 6:1.
AAL
US$17.87
American Airlines Group
7D
11.8%
1Y
58.4%
DAL
US$92.57
Delta Air Lines
7D
10.0%
1Y
86.7%
SOAR
US$0.17
Volato Group
7D
-0.8%
1Y
-87.2%
LUV
US$51.91
Southwest Airlines
7D
8.2%
1Y
61.4%
Analysis Article • Jun 19

Southwest Airlines (LUV) Stock Could Be 5.1% Overvalued After AWS Partnership News

Southwest Airlines (LUV) is back in focus after outlining a broad technology overhaul through a new partnership with Amazon Web Services, alongside a sector wide lift from easing fuel cost concerns tied to de-escalating geopolitical risks. See our latest analysis for Southwest Airlines. The AW S partnership and easing fuel cost concerns have arrived alongside a sharp rebound in Southwest Airlines, with a 30 day share price return of 28.43% and a 1 year total shareholder return of 56.84%. This...
FLYX
US$2.09
flyExclusive
7D
-2.3%
1Y
-5.0%