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U.S. Airlines Industry Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies16
  • 7D-3.6%
  • 3M17.5%
  • 1Y29.0%
  • YTD-3.9%

Over the last 7 days, the Airlines industry has dropped 3.6%, driven by Joby Aviation declining 22%. This takes the industry's 12 month performance to a gain of 29%. 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
Fri, 12 Jun 2026US$139.4bUS$209.7bUS$8.5b9.1x16.4x0.7x
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
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 15.2x202420252026
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-4.05%
Industrials-3.24%
Airlines-3.56%
Airlines-3.56%
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$112.617.3%
+US$2.5b		45.4%PE10x
DAL Delta Air LinesUS$81.832.9%
+US$1.5b		67.4%PE11.9x
LUV Southwest AirlinesUS$44.297.2%
+US$1.5b		35.9%PE26.5x
AAL American Airlines GroupUS$14.6510.2%
+US$892.9m		34.4%PE48x
ALK Alaska Air GroupUS$46.669.3%
+US$442.4m		-6.0%PE71.2x

Latest News

JOBY
US$9.36
Joby Aviation
7D
-16.0%
1Y
5.5%
UP
US$7.57
Wheels Up Experience
7D
-3.2%
1Y
-73.9%
CPA
US$139.09
Copa Holdings
7D
4.5%
1Y
30.1%
Narrative Update • Jun 10

CPA: Rising Dividend And Buybacks Will Support Future Upside

Analysts have nudged their price target on Copa Holdings higher to $165.13 from $161.93. This reflects updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions.
UAL
US$112.61
United Airlines Holdings
7D
7.3%
1Y
45.4%
DAL
US$81.83
Delta Air Lines
7D
2.9%
1Y
67.4%
LUV
US$44.29
Southwest Airlines
7D
7.2%
1Y
35.9%
SOAR
US$0.21
Volato Group
7D
-35.6%
1Y
-90.5%
ALK
US$46.66
Alaska Air Group
7D
9.3%
1Y
-6.0%
SRFM
US$1.11
Surf Air Mobility
7D
-4.3%
1Y
-50.2%
Narrative Update • Jun 05

SRFM: Reaffirmed 2026 Outlook And SurfOS Execution Will Support Long Term Upside

Narrative Update Surf Air Mobility’s analyst price target has been reduced from $2.25 to $1.50, as analysts factor in the latest Q1 bottom line loss, reiterated FY26 revenue expectations, improved longer term profitability guidance, and new Q2/26 outlook details. Analyst Commentary Recent research reflects a mixed but engaged view of Surf Air Mobility, with the lower price target signaling more conservative expectations while still recognizing areas where the company is executing on its plan.
AAL
US$14.65
American Airlines Group
7D
10.2%
1Y
34.4%
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.
SKYW
US$89.71
SkyWest
7D
7.6%
1Y
-9.3%
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.
JTAI
US$7.92
Jet.AI
7D
-5.7%
1Y
-98.9%
FLYX
US$2.36
flyExclusive
7D
-7.8%
1Y
-17.8%
AERO
US$17.17
Grupo Aeroméxico. de
7D
6.4%
1Y
n/a