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U.S. Airlines Industry Analysis

UpdatedJun 04, 2026
DataAggregated Company Financials
Companies16
  • 7D-5.3%
  • 3M12.2%
  • 1Y35.0%
  • YTD-0.5%

Last week, the Airlines industry hasn't moved much but Wheels Up Experience is up 6.7% in that time. As for the the longer term, the industry is up 38% over the past 12 months. 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
Thu, 04 Jun 2026US$140.2bUS$209.9bUS$8.5b9.3x16.5x0.7x
Sat, 02 May 2026US$120.1bUS$210.7bUS$8.8b9.1x13.7x0.6x
Mon, 30 Mar 2026US$114.9bUS$205.5bUS$8.5b8.5x13.5x0.6x
Wed, 25 Feb 2026US$135.4bUS$209.9bUS$7.3b10.6x18.6x0.6x
Fri, 23 Jan 2026US$137.9bUS$209.0bUS$7.1b9.6x19.3x0.7x
Sun, 21 Dec 2025US$138.8bUS$207.9bUS$6.7b10.1x20.7x0.7x
Tue, 18 Nov 2025US$116.9bUS$206.1bUS$6.6b8.7x17.7x0.6x
Thu, 16 Oct 2025US$127.1bUS$205.4bUS$7.2b10.1x17.6x0.6x
Sat, 13 Sep 2025US$125.0bUS$204.5bUS$7.1b10.5x17.7x0.6x
Mon, 11 Aug 2025US$113.1bUS$204.6bUS$7.1b9.2x15.9x0.6x
Wed, 09 Jul 2025US$107.3bUS$209.5bUS$6.6b11.9x16.2x0.5x
Fri, 06 Jun 2025US$103.4bUS$209.1bUS$6.6b11.2x15.6x0.5x
Sun, 04 May 2025US$93.9bUS$204.6bUS$7.3b10.5x12.9x0.5x
Tue, 01 Apr 2025US$95.2bUS$201.0bUS$6.7b10.9x14.2x0.5x
Thu, 27 Feb 2025US$117.9bUS$205.9bUS$6.0b12.6x19.7x0.6x
Sat, 25 Jan 2025US$127.6bUS$199.8bUS$6.2b12.5x20.4x0.6x
Mon, 23 Dec 2024US$120.0bUS$196.4bUS$7.0b11.6x17.2x0.6x
Wed, 20 Nov 2024US$115.2bUS$191.5bUS$7.9b11.2x14.7x0.6x
Fri, 18 Oct 2024US$102.3bUS$183.1bUS$6.4b12x15.9x0.6x
Sun, 15 Sep 2024US$83.6bUS$182.6bUS$6.4b11.5x13.1x0.5x
Tue, 13 Aug 2024US$73.5bUS$182.9bUS$6.4b9.9x11.6x0.4x
Thu, 11 Jul 2024US$83.2bUS$180.8bUS$7.1b12x11.8x0.5x
Sat, 08 Jun 2024US$88.5bUS$180.8bUS$7.0b12x12.6x0.5x
Mon, 06 May 2024US$90.3bUS$195.1bUS$7.3b8.9x12.3x0.5x
Wed, 03 Apr 2024US$89.0bUS$190.6bUS$7.5b10.5x11.9x0.5x
Fri, 01 Mar 2024US$86.5bUS$190.9bUS$7.2b11.1x12x0.5x
Sun, 28 Jan 2024US$81.6bUS$193.5bUS$7.1b10.2x11.6x0.4x
Tue, 26 Dec 2023US$85.4bUS$190.8bUS$6.0b10.8x14.2x0.4x
Thu, 23 Nov 2023US$74.2bUS$190.7bUS$6.1b9.7x12.3x0.4x
Sat, 21 Oct 2023US$66.5bUS$189.1bUS$7.2b10.1x9.2x0.4x
Mon, 18 Sep 2023US$81.1bUS$186.1bUS$6.5b10.6x12.4x0.4x
Wed, 16 Aug 2023US$89.6bUS$186.3bUS$6.5b12.2x13.7x0.5x
Fri, 14 Jul 2023US$103.5bUS$185.2bUS$5.1b24.5x20.2x0.6x
Sun, 11 Jun 2023US$87.1bUS$171.6bUS$3.2b24.3x27.3x0.5x
Price to Earnings Ratio

27.3x


Total Market Cap: US$87.1bTotal Earnings: US$3.2bTotal Revenue: US$171.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Airlines Industry Price to Earnings3Y Average 15.3x202420252026
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 15.3x.
  • 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 6.9% 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 Market0.35%
Industrials-0.81%
Airlines-5.27%
Airlines-5.27%
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
UP Wheels Up ExperienceUS$8.716.7%
+US$19.9m		-70.0%PS0.4x
SOAR Volato GroupUS$0.43227.7%
+US$9.3m		-79.0%PS0.2x

Latest News

ALK
US$41.87
Alaska Air Group
7D
-8.9%
1Y
-18.1%
UP
US$8.71
Wheels Up Experience
7D
6.7%
1Y
-70.0%
Seeking Alpha • 18h

Wheels Up Experience: Growing Pains In The Transition

Summary Wheels Up Experience Inc. (UP) is transitioning to a new membership and fleet model, focusing on Embraer and Bombardier jets. UP's financial integrity is challenged by ongoing cash burn, negative gross margins, and high-cost debt, despite available credit facilities. The Delta partnership is driving corporate client growth, but UP's model may not given it enough of an edge over other charter options. Fuel cost increases could hamper the transformation as well. Read the full article on Seeking Alpha
JBLU
US$4.77
JetBlue Airways
7D
-11.7%
1Y
-5.2%
Narrative Update • Jun 02

JBLU: Fuel Costs And Spirit Exit Will Shape 2026 Margin Repair Path

Narrative Update: JetBlue Analyst Price Target Shift Analysts have modestly raised their average price target on JetBlue to about $4.95 from roughly $4.71, reflecting updated views on revenue growth, profitability, and future P/E assumptions following recent target changes clustered around the $4 to $6 range. Analyst Commentary Recent research on JetBlue shows a split view, with some bullish analysts lifting price targets and others trimming them as assumptions for fuel costs, earnings power, and revenue quality are refreshed.
DAL
US$78.78
Delta Air Lines
7D
-3.7%
1Y
60.8%
Narrative Update • Jun 02

DAL: Premium Demand And Fuel Resilience Will Support 2026 Earnings Stability

Analysts have raised the updated fair value estimate for Delta Air Lines stock to $81.81 from $79.89. This change reflects a series of higher Street price targets, reaching up to $105, along with views that the company is positioned to manage fuel cost swings while supporting earnings resilience and free cash flow.
LUV
US$40.87
Southwest Airlines
7D
-6.4%
1Y
26.7%
Narrative Update • Jun 02

LUV: Restructuring Efforts And Fuel Headwinds Will Shape Earnings Outlook

Narrative Update: Southwest Airlines Analysts lifted the implied fair value for Southwest Airlines stock by about $0.39 to $45.64, reflecting a series of recent price target changes that include raises to $60 and $53, alongside several cuts tied mainly to higher fuel cost assumptions and mixed earnings outlooks. Analyst Commentary Recent research on Southwest Airlines shows a mix of optimism and caution, with price targets ranging from the mid US$30s to US$60 and ratings spread across Buy, Hold or equivalent, Equal Weight or equivalent, and Sell.
UAL
US$105.14
United Airlines Holdings
7D
-6.6%
1Y
28.8%
Narrative Update • Jun 02

UAL: Premium Demand And Fleet Expansion Will Counter Fuel Headwinds

The analyst price target for United Airlines Holdings has inched higher to $132.08 from $129.83 as analysts incorporate recent target increases from firms that are focusing on potential earnings growth and revised sector assumptions on fuel and revenue. Analyst Commentary Recent research on United Airlines Holdings reflects a mix of optimism on earnings potential and caution around fuel costs and sector wide risks, which feeds directly into the updated price targets.
AAL
US$13.57
American Airlines Group
7D
-9.0%
1Y
18.8%
CPA
US$135.84
Copa Holdings
7D
-5.0%
1Y
27.4%
Seeking Alpha • May 31

Copa: An Airline With Strong Q1 Results Despite Sector Headwinds

Summary Copa Holdings (CPA), the parent of Copa Airlines, gets a buy for my initial rating. Q1 EPS saw YoY growth, as well as an impressive operating margin trend, and fleet expansion, but also demand. April traffic figures show passenger momentum. The dividend case is modest, with a low payout ratio and high yield but also no growth. The ongoing topic of fuel costs in this sector has been discussed. Read the full article on Seeking Alpha
RJET
US$17.64
Republic Airways Holdings
7D
-27.2%
1Y
n/a
SOAR
US$0.43
Volato Group
7D
227.7%
1Y
-79.0%