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U.S. Airlines Industry Analysis

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies16
  • 7D-0.7%
  • 3M18.6%
  • 1Y31.3%
  • YTD1.4%

Over the last 7 days, the Airlines industry has remained flat, although notably Joby Aviation declined by 22%. The past year has been better, since the industry has gained 31% in that time. 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
Wed, 10 Jun 2026US$134.6bUS$209.7bUS$8.5b9.7x15.9x0.6x
Fri, 08 May 2026US$125.1bUS$210.9bUS$8.5b9.8x14.7x0.6x
Sun, 05 Apr 2026US$118.5bUS$205.3bUS$8.5b8.8x13.9x0.6x
Tue, 03 Mar 2026US$134.0bUS$210.0bUS$7.4b10.3x18.1x0.6x
Thu, 29 Jan 2026US$132.0bUS$209.4bUS$7.0b9x19x0.6x
Sat, 27 Dec 2025US$138.9bUS$208.0bUS$6.7b9.9x20.7x0.7x
Mon, 24 Nov 2025US$114.2bUS$206.0bUS$6.6b8.9x17.3x0.6x
Wed, 22 Oct 2025US$126.5bUS$205.7bUS$7.2b9.9x17.6x0.6x
Fri, 19 Sep 2025US$122.4bUS$204.6bUS$7.1b10.3x17.3x0.6x
Sun, 17 Aug 2025US$123.8bUS$204.4bUS$7.1b10.5x17.5x0.6x
Tue, 15 Jul 2025US$117.1bUS$209.4bUS$7.5b12.6x15.7x0.6x
Thu, 12 Jun 2025US$108.5bUS$209.1bUS$6.6b11.1x16.4x0.5x
Sat, 10 May 2025US$100.0bUS$204.6bUS$7.6b11.1x13.2x0.5x
Mon, 07 Apr 2025US$79.4bUS$201.1bUS$6.7b9.3x11.8x0.4x
Wed, 05 Mar 2025US$113.6bUS$200.7bUS$6.7b11.4x17x0.6x
Fri, 31 Jan 2025US$129.4bUS$199.8bUS$6.8b16x19x0.6x
Sun, 29 Dec 2024US$122.6bUS$196.4bUS$7.0b11.9x17.6x0.6x
Tue, 26 Nov 2024US$117.4bUS$196.4bUS$7.1b11.5x16.5x0.6x
Thu, 24 Oct 2024US$102.5bUS$183.1bUS$6.4b13.3x16x0.6x
Sat, 21 Sep 2024US$85.5bUS$182.6bUS$6.4b11.9x13.4x0.5x
Mon, 19 Aug 2024US$74.3bUS$182.6bUS$6.4b10.2x11.6x0.4x
Wed, 17 Jul 2024US$81.6bUS$181.9bUS$6.5b13x12.5x0.4x
Fri, 14 Jun 2024US$88.0bUS$180.8bUS$7.0b12.3x12.5x0.5x
Sun, 12 May 2024US$90.4bUS$180.9bUS$7.0b12.9x12.9x0.5x
Tue, 09 Apr 2024US$85.1bUS$190.7bUS$7.5b10.3x11.4x0.4x
Thu, 07 Mar 2024US$85.9bUS$190.9bUS$7.2b11x11.9x0.5x
Sat, 03 Feb 2024US$81.2bUS$190.9bUS$7.2b10.4x11.3x0.4x
Mon, 01 Jan 2024US$83.8bUS$190.8bUS$6.0b11.2x13.9x0.4x
Wed, 29 Nov 2023US$72.8bUS$190.7bUS$6.1b9.5x12x0.4x
Fri, 27 Oct 2023US$64.9bUS$189.3bUS$7.0b9.5x9.3x0.3x
Sun, 24 Sep 2023US$76.8bUS$186.1bUS$6.5b10.6x11.8x0.4x
Tue, 22 Aug 2023US$86.6bUS$186.3bUS$6.5b11.5x13.2x0.5x
Thu, 20 Jul 2023US$103.1bUS$185.3bUS$5.1b24.8x20.1x0.6x
Sat, 17 Jun 2023US$93.9bUS$171.6bUS$3.2b25.7x29.4x0.5x
Price to Earnings Ratio

29.4x


Total Market Cap: US$93.9bTotal 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 Market-3.33%
Industrials-0.29%
Airlines-0.70%
Airlines-0.70%
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$81.171.4%
+US$751.5m		57.1%PE11.8x
LUV Southwest AirlinesUS$43.172.0%
+US$405.7m		25.6%PE25.8x
UAL United Airlines HoldingsUS$109.630.7%
+US$262.9m		31.8%PE9.7x
SKYW SkyWestUS$87.787.3%
+US$236.4m		-14.6%PE8.1x
ALK Alaska Air GroupUS$45.132.8%
+US$135.9m		-12.5%PE68.9x

Latest News

UAL
US$109.63
United Airlines Holdings
7D
0.7%
1Y
31.8%
DAL
US$81.17
Delta Air Lines
7D
1.4%
1Y
57.1%
LUV
US$43.17
Southwest Airlines
7D
2.0%
1Y
25.6%
SOAR
US$0.20
Volato Group
7D
-36.9%
1Y
-91.1%
ALK
US$45.13
Alaska Air Group
7D
2.8%
1Y
-12.5%
ALGT
US$86.69
Allegiant Travel
7D
-1.1%
1Y
49.3%
RJET
US$18.03
Republic Airways Holdings
7D
-3.0%
1Y
n/a
Seeking Alpha • 17h

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
ULCC
US$6.35
Frontier Group Holdings
7D
10.1%
1Y
57.6%
Narrative Update • Jun 05

ULCC: 2026 Capacity Discipline And Fuel Efficiency Will Support Repricing Potential

Narrative Update on Frontier Group Holdings Analysts have nudged the Frontier Group Holdings price target higher by $1 to $6, citing refreshed models after recent results and a focus on airlines that can sustain returns above their cost of capital and handle potential industry downturns. Analyst Commentary Recent research on Frontier Group Holdings has centered on refreshed models following the latest quarterly update and a reassessment of how the company might handle sector level volatility.
CPA
US$135.37
Copa Holdings
7D
-1.1%
1Y
26.0%
AAL
US$14.09
American Airlines Group
7D
1.1%
1Y
19.0%
Narrative Update • Jun 04

AAL: Demand Resilience And Revenue Initiatives Are Expected To Withstand Higher Fuel Costs

American Airlines Group's analyst fair value estimate edges up to $22.42 from $22.00, reflecting recent Street price target raises toward $18 to $24 as analysts factor in updated views on earnings durability, fuel costs, and balance sheet repair potential. Analyst Commentary Recent research activity around American Airlines Group shows a mix of caution on fuel costs and earnings risk, alongside a cluster of higher fair value views that support the latest fair value estimate.
JBLU
US$4.92
JetBlue Airways
7D
-0.2%
1Y
-2.4%
JOBY
US$9.27
Joby Aviation
7D
-21.9%
1Y
-1.8%
UP
US$7.20
Wheels Up Experience
7D
-21.8%
1Y
-76.3%
Seeking Alpha • Jun 03

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
SKYW
US$87.78
SkyWest
7D
7.3%
1Y
-14.6%
Narrative Update • Jun 01

SKYW: Low Fuel Sensitivity And Completed Buybacks Will Support Future Upside

Analysts have trimmed SkyWest's price target by $1, reflecting an updated fair value of $121.50 as slightly higher discount rates and fine tuned growth and margin assumptions temper the prior outlook. Analyst Commentary Recent commentary around SkyWest highlights a mix of optimism on specific catalysts and caution reflected in reduced price targets and a slightly higher discount rate in valuation work.
FLYX
US$2.41
flyExclusive
7D
-6.9%
1Y
-13.2%
AERO
US$16.68
Grupo Aeroméxico. de
7D
0.7%
1Y
n/a