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U.S. Airlines Industry Analysis

UpdatedOct 03, 2025
DataAggregated Company Financials
Companies18
  • 7D0.2%
  • 3M12.0%
  • 1Y36.2%
  • YTD2.3%

Last week, the Airlines industry hasn't moved much but Joby Aviation is up 12% in that time. As for the the longer term, the industry is up 36% over the past 12 months. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 Oct 2025US$116.7bUS$204.5bUS$7.1b9.6x16.5x0.6x
Mon, 01 Sep 2025US$125.8bUS$204.4bUS$7.1b11.1x17.8x0.6x
Wed, 30 Jul 2025US$119.1bUS$210.4bUS$6.8b11.5x17.4x0.6x
Fri, 27 Jun 2025US$100.7bUS$209.5bUS$6.6b11.3x15.2x0.5x
Sun, 25 May 2025US$97.8bUS$204.4bUS$7.7b10.8x12.8x0.5x
Tue, 22 Apr 2025US$84.1bUS$203.7bUS$6.7b8.2x12.5x0.4x
Thu, 20 Mar 2025US$99.1bUS$201.2bUS$6.7b11.3x14.8x0.5x
Sat, 15 Feb 2025US$122.1bUS$200.1bUS$6.8b13.8x18x0.6x
Mon, 13 Jan 2025US$129.0bUS$196.1bUS$7.0b12.7x18.5x0.7x
Wed, 11 Dec 2024US$119.6bUS$196.5bUS$7.0b11.5x17.1x0.6x
Fri, 08 Nov 2024US$113.0bUS$196.9bUS$7.2b10.2x15.7x0.6x
Sun, 06 Oct 2024US$92.8bUS$182.6bUS$6.4b10.5x14.5x0.5x
Tue, 03 Sep 2024US$78.6bUS$182.6bUS$6.4b11.5x12.3x0.4x
Thu, 01 Aug 2024US$80.4bUS$183.0bUS$6.4b13.6x12.5x0.4x
Sat, 29 Jun 2024US$86.1bUS$180.8bUS$7.1b12.5x12.2x0.5x
Mon, 27 May 2024US$88.4bUS$180.8bUS$7.0b11.2x12.6x0.5x
Wed, 24 Apr 2024US$91.2bUS$192.6bUS$7.9b9.6x11.5x0.5x
Fri, 22 Mar 2024US$85.9bUS$190.8bUS$7.3b10.1x11.7x0.5x
Sun, 18 Feb 2024US$85.3bUS$190.8bUS$7.2b11.4x11.8x0.4x
Tue, 16 Jan 2024US$79.9bUS$191.6bUS$7.2b9.7x11x0.4x
Thu, 14 Dec 2023US$82.2bUS$190.7bUS$6.1b10.3x13.6x0.4x
Sat, 11 Nov 2023US$66.7bUS$190.6bUS$6.2b10.1x10.8x0.3x
Mon, 09 Oct 2023US$75.1bUS$186.0bUS$6.5b10.6x11.5x0.4x
Wed, 06 Sep 2023US$85.5bUS$186.2bUS$6.5b11x13.1x0.5x
Fri, 04 Aug 2023US$92.5bUS$187.8bUS$6.4b14.2x14.5x0.5x
Sun, 02 Jul 2023US$101.5bUS$183.2bUS$4.0b24.1x25.4x0.6x
Tue, 30 May 2023US$80.6bUS$171.6bUS$3.2b22.5x25.2x0.5x
Thu, 27 Apr 2023US$75.6bUS$168.8bUS$2.7b15.8x27.8x0.4x
Sat, 25 Mar 2023US$72.4bUS$160.9bUS$972.1m18.4x74.5x0.5x
Mon, 20 Feb 2023US$87.1bUS$160.9bUS$1.3b20.3x69x0.5x
Wed, 18 Jan 2023US$88.6bUS$153.0b-US$24,567,000.0014.1x-3608.5x0.6x
Fri, 16 Dec 2022US$78.6bUS$149.1b-US$1,153,426,000.0018.4x-68.1x0.5x
Sun, 13 Nov 2022US$85.2bUS$148.7b-US$1,232,866,000.0019.4x-69.1x0.6x
Tue, 11 Oct 2022US$69.8bUS$134.5b-US$612,797,000.0018.7x-113.9x0.5x
Price to Earnings Ratio

-113.9x


Total Market Cap: US$69.8bTotal Earnings: -US$612,797,000.00Total Revenue: US$134.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Airlines Industry Price to Earnings3Y Average -8.4x202320242025
Current Industry PE
  • Investors are pessimistic on the American Airlines industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 16.5x which is higher than its 3-year average PE of -8.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.50x.
Past Earnings Growth
  • Total earnings for the Airlines industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 15% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Industrials industry?

US Market1.62%
Industrials2.44%
Airlines0.16%
Airlines0.16%
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
JOBY Joby AviationUS$18.2613.3%
+US$1.8b		206.9%PS159492.1x
AAL American Airlines GroupUS$11.582.4%
+US$178.2m		0.6%PE13.5x
CPA Copa HoldingsUS$120.662.6%
+US$125.1m		25.5%PE7.8x
ALGT Allegiant TravelUS$62.793.6%
+US$39.2m		8.6%PS0.4x
DAL Delta Air LinesUS$57.260.1%
+US$38.9m		16.2%PE8.3x

Latest News

JBLU
US$4.83
JetBlue Airways
7D
-4.0%
1Y
-33.8%
JOBY
US$18.26
Joby Aviation
7D
13.3%
1Y
206.9%
UAL
US$95.33
United Airlines Holdings
7D
-2.6%
1Y
61.0%
DAL
US$57.26
Delta Air Lines
7D
0.1%
1Y
16.2%
LUV
US$32.52
Southwest Airlines
7D
-0.03%
1Y
4.1%

Expedia Channel And Premium Seating Will Boost Operational Efficiency

The consensus analyst price target for Southwest Airlines saw a slight upward revision to $32.51 as bullish analysts highlight stronger long-term profit expectations and industry consolidation benefits, while persistent near-term skepticism among others tempers enthusiasm. Analyst Commentary JPMorgan is bullish, citing above-consensus earnings estimates through 2026-2027 and expectations of outsized industry profit consolidation among stronger carriers like Southwest.
AAL
US$11.58
American Airlines Group
7D
2.4%
1Y
0.6%

Domestic Recovery And Upgraded Fleet Will Sustain Future Success

The consensus analyst price target for American Airlines Group has been revised upward to $13.88, as improving demand and fare trends offset cost pressures and drive more optimistic long-term earnings forecasts, though valuation concerns and peer competition remain headwinds. Analyst Commentary Bullish analysts note improving demand and fare trends that are helping offset modest cost pressures in the airline sector.
SNCY
US$11.90
Sun Country Airlines Holdings
7D
1.0%
1Y
19.0%
SRTA
US$5.41
Strata Critical Medical
7D
4.4%
1Y
57.7%

Critical Organ Transport And Joby Aviation Will Expand Healthcare Reach

Strata Critical Medical’s consensus price target has risen from $5.83 to $7.83, as analysts express increased confidence in management’s ability to deploy capital efficiently and drive shareholder value following the accretive acquisition of Keystone Perfusion Services. Analyst Commentary Bullish analysts highlight the successful deployment of Strata's large $235M pro forma cash position through the acquisition of Keystone Perfusion Services for $124M.
SKYW
US$100.02
SkyWest
7D
-1.7%
1Y
17.4%

SkyWest, Inc.'s (NASDAQ:SKYW) Earnings Are Not Doing Enough For Some Investors

Sep 21
SkyWest, Inc.'s (NASDAQ:SKYW) Earnings Are Not Doing Enough For Some Investors
ALK
US$49.19
Alaska Air Group
7D
-3.3%
1Y
15.8%

Seattle Expansion And Hawaiian Integration Will Create Lasting Value

Analysts have raised their price target for Alaska Air Group to $71.36, citing strengthening corporate demand, competitive easing, and long-term earnings tailwinds that outweigh near-term cost headwinds. Analyst Commentary Bullish analysts cite accelerating corporate demand and easing competitive pressures as key drivers of improved outlook and de-risked near-term performance.
ALGT
US$62.79
Allegiant Travel
7D
3.6%
1Y
8.6%
ULCC
US$4.58
Frontier Group Holdings
7D
-6.5%
1Y
-21.2%
UP
US$1.95
Wheels Up Experience
7D
-1.5%
1Y
-18.1%
SRFM
US$4.66
Surf Air Mobility
7D
15.3%
1Y
140.2%
CPA
US$120.66
Copa Holdings
7D
2.6%
1Y
25.5%
FLYX
US$4.36
flyExclusive
7D
-12.8%
1Y
63.9%