Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Airlines Industry Analysis

UpdatedApr 11, 2026
DataAggregated Company Financials
Companies16
  • 7D3.1%
  • 3M-15.0%
  • 1Y47.3%
  • YTD-10.7%

The Airlines industry is up 3.1% in the last week, with United Airlines Holdings up 4.5%. In the last 12 months, the industry was up 47%. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Apr 2026US$123.4bUS$208.1bUS$8.2b9.6x15x0.6x
Mon, 09 Mar 2026US$117.4bUS$209.8bUS$7.4b8.9x15.9x0.6x
Wed, 04 Feb 2026US$138.0bUS$209.8bUS$7.0b9.5x19.6x0.7x
Fri, 02 Jan 2026US$135.4bUS$207.9bUS$6.7b9.7x20.2x0.7x
Sun, 30 Nov 2025US$124.7bUS$207.8bUS$6.7b9.7x18.6x0.6x
Tue, 28 Oct 2025US$122.0bUS$206.5bUS$7.0b9.9x17.4x0.6x
Thu, 25 Sep 2025US$124.4bUS$204.6bUS$7.1b10.1x17.6x0.6x
Sat, 23 Aug 2025US$118.1bUS$204.5bUS$7.1b10.8x16.7x0.6x
Mon, 21 Jul 2025US$122.8bUS$209.6bUS$7.1b12.3x17.3x0.6x
Wed, 18 Jun 2025US$101.5bUS$209.2bUS$6.6b10.6x15.3x0.5x
Fri, 16 May 2025US$102.3bUS$204.5bUS$7.6b11.3x13.5x0.5x
Sun, 13 Apr 2025US$84.9bUS$202.0bUS$6.9b9.1x12.2x0.4x
Tue, 11 Mar 2025US$104.9bUS$201.0bUS$6.7b10.2x15.7x0.5x
Thu, 06 Feb 2025US$129.5bUS$200.0bUS$6.7b13.8x19.4x0.6x
Sat, 04 Jan 2025US$118.4bUS$196.2bUS$7.0b11.4x17x0.6x
Mon, 02 Dec 2024US$120.3bUS$196.5bUS$7.0b11.5x17.2x0.6x
Wed, 30 Oct 2024US$103.4bUS$183.5bUS$6.4b11.2x16.1x0.6x
Fri, 27 Sep 2024US$88.9bUS$182.6bUS$6.4b11.6x13.9x0.5x
Sun, 25 Aug 2024US$77.1bUS$182.6bUS$6.4b10.6x12x0.4x
Tue, 23 Jul 2024US$83.1bUS$182.8bUS$6.8b12.1x12.3x0.5x
Thu, 20 Jun 2024US$87.1bUS$180.8bUS$7.1b12x12.3x0.5x
Sat, 18 May 2024US$91.8bUS$180.8bUS$7.1b12.2x13x0.5x
Mon, 15 Apr 2024US$83.9bUS$191.4bUS$7.9b9.5x10.7x0.4x
Wed, 13 Mar 2024US$85.8bUS$190.8bUS$7.3b10.2x11.7x0.4x
Fri, 09 Feb 2024US$81.9bUS$190.8bUS$7.3b10.9x11.3x0.4x
Sun, 07 Jan 2024US$84.3bUS$190.8bUS$6.0b10.5x14x0.4x
Tue, 05 Dec 2023US$77.8bUS$190.7bUS$6.1b9.6x12.8x0.4x
Thu, 02 Nov 2023US$63.3bUS$189.1bUS$6.7b9.8x9.5x0.3x
Sat, 30 Sep 2023US$75.8bUS$186.0bUS$6.5b10.8x11.6x0.4x
Mon, 28 Aug 2023US$85.5bUS$186.2bUS$6.5b11.4x13.1x0.5x
Wed, 26 Jul 2023US$98.7bUS$187.4bUS$6.0b23.1x16.6x0.5x
Fri, 23 Jun 2023US$93.3bUS$183.3bUS$4.0b21.6x23.3x0.5x
Sun, 21 May 2023US$80.1bUS$171.6bUS$3.2b21.8x25.1x0.5x
Tue, 18 Apr 2023US$78.4bUS$164.3bUS$1.5b18.9x52.3x0.5x
Price to Earnings Ratio

52.3x


Total Market Cap: US$78.4bTotal Earnings: US$1.5bTotal Revenue: US$164.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Airlines Industry Price to Earnings3Y Average 16.1x202420252026
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 16.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.51x.
Past Earnings Growth
  • The earnings for companies in the Airlines industry have grown 76% per year over the last three years.
  • Revenues for these companies have grown 8.2% 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 Market3.31%
Industrials4.77%
Airlines3.13%
Airlines3.13%
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$96.404.5%
+US$1.5b		47.0%PE9.3x
LUV Southwest AirlinesUS$39.565.2%
+US$962.5m		51.1%PE44.1x
DAL Delta Air LinesUS$67.821.6%
+US$950.6m		65.9%PE9.9x
AAL American Airlines GroupUS$11.324.4%
+US$316.9m		17.1%PE67.3x
ALK Alaska Air GroupUS$39.505.8%
+US$245.9m		-13.7%PE44.8x

Latest News

LUV
US$39.56
Southwest Airlines
7D
5.2%
1Y
51.1%

Southwest Airlines: I'm Not 'Luving' This - Q1 Preview

Apr 09
AERO
US$15.59
Grupo Aeroméxico. de
7D
9.0%
1Y
n/a
UAL
US$96.40
United Airlines Holdings
7D
4.5%
1Y
47.0%
DAL
US$67.82
Delta Air Lines
7D
1.6%
1Y
65.9%
AAL
US$11.32
American Airlines Group
7D
4.4%
1Y
17.1%
JTAI
US$6.06
Jet.AI
7D
-62.6%
1Y
-99.2%
CPA
US$119.18
Copa Holdings
7D
4.0%
1Y
36.3%

CPA: Steady Traffic, Dividends And Buybacks Will Support Future Upside

Analysts raised their price target on Copa Holdings from about $156.87 to roughly $161.93. The new target reflects updated views on fair value that incorporate the revised discount rate, the revenue growth outlook, the expected future P/E, and a slightly lower assumed profit margin.
ALK
US$39.50
Alaska Air Group
7D
5.8%
1Y
-13.7%

ALK: Late 2025 Demand And Fuel Risk Reset Will Drive Repricing

Analysts have reset the fair value estimate for Alaska Air Group to $42.50 from $60.00 after updating assumptions around discount rates, revenue growth, margins, and future P/E multiples following a series of price target revisions across the Street. Analyst Commentary Recent Street research paints a mixed picture for Alaska Air Group, with several firms revisiting their price targets and assumptions.
SKYW
US$94.31
SkyWest
7D
3.1%
1Y
9.3%
SRFM
US$1.13
Surf Air Mobility
7D
-2.6%
1Y
-52.1%

SRFM: Future Hawaii Electric Service And Software Platform Will Support Upside Potential

Analysts cut their price target on Surf Air Mobility to $2.25 from $3.50, pointing to revenue that was slightly ahead of expectations and supported by stronger On Demand charter performance. They also adjusted assumptions for discount rate, revenue growth, profit margin, and future P/E in their models.
JOBY
US$8.34
Joby Aviation
7D
-1.9%
1Y
40.6%
FLYX
US$2.28
flyExclusive
7D
-4.6%
1Y
-22.4%
UP
US$0.49
Wheels Up Experience
7D
-2.8%
1Y
-42.1%