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U.S. Airlines Industry Analysis

UpdatedJun 30, 2026
DataAggregated Company Financials
Companies16
  • 7D7.6%
  • 3M37.8%
  • 1Y57.7%
  • YTD18.2%

Over the last 7 days, the Airlines industry has risen 7.6%, driven by gains in United Airlines Holdings and Delta Air Lines of 14% and 8.4%, respectively. In the same time, Joby Aviation was down 12%. In the last 12 months, the industry was up 58%. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Jun 2026US$163.2bUS$209.6bUS$8.5b11.5x19.2x0.8x
Thu, 28 May 2026US$139.2bUS$209.8bUS$8.5b10x16.4x0.7x
Sat, 25 Apr 2026US$120.3bUS$210.6bUS$8.9b9.1x13.6x0.6x
Mon, 23 Mar 2026US$116.4bUS$209.7bUS$7.4b8.5x15.7x0.6x
Wed, 18 Feb 2026US$139.3bUS$206.3bUS$7.4b10.1x18.8x0.7x
Fri, 16 Jan 2026US$136.9bUS$208.2bUS$7.1b9.2x19.3x0.7x
Sun, 14 Dec 2025US$136.2bUS$207.9bUS$6.7b9.8x20.3x0.7x
Tue, 11 Nov 2025US$118.2bUS$206.2bUS$6.6b9.3x17.9x0.6x
Thu, 09 Oct 2025US$120.8bUS$204.3bUS$7.1b9.7x17.1x0.6x
Sat, 06 Sep 2025US$123.4bUS$204.4bUS$7.1b11.1x17.5x0.6x
Mon, 04 Aug 2025US$110.1bUS$210.3bUS$6.9b9.3x16.1x0.5x
Wed, 02 Jul 2025US$104.1bUS$209.5bUS$6.6b11.5x15.7x0.5x
Fri, 30 May 2025US$103.2bUS$204.3bUS$7.7b11.4x13.5x0.5x
Sun, 27 Apr 2025US$86.5bUS$204.6bUS$6.8b8.8x12.7x0.4x
Tue, 25 Mar 2025US$100.3bUS$201.0bUS$6.7b11.9x14.9x0.5x
Thu, 20 Feb 2025US$125.2bUS$200.1bUS$6.8b13x18.5x0.6x
Sat, 18 Jan 2025US$127.4bUS$197.5bUS$5.8b12.8x22x0.6x
Mon, 16 Dec 2024US$119.0bUS$196.4bUS$7.0b11.3x17x0.6x
Wed, 13 Nov 2024US$116.5bUS$196.7bUS$7.2b10.6x16.2x0.6x
Fri, 11 Oct 2024US$93.3bUS$182.8bUS$6.6b11.2x14.2x0.5x
Sun, 08 Sep 2024US$79.3bUS$182.6bUS$6.4b11.7x12.4x0.4x
Tue, 06 Aug 2024US$73.0bUS$182.9bUS$6.1b11.1x11.9x0.4x
Thu, 04 Jul 2024US$85.3bUS$180.8bUS$7.1b12.4x12.1x0.5x
Sat, 01 Jun 2024US$86.8bUS$180.8bUS$7.0b12.2x12.4x0.5x
Mon, 29 Apr 2024US$89.7bUS$194.7bUS$7.4b8.9x12.1x0.5x
Wed, 27 Mar 2024US$85.9bUS$190.7bUS$7.3b10.6x11.8x0.5x
Fri, 23 Feb 2024US$86.5bUS$190.8bUS$7.2b11.4x11.9x0.5x
Sun, 21 Jan 2024US$78.1bUS$191.6bUS$7.2b9.2x10.8x0.4x
Tue, 19 Dec 2023US$84.3bUS$190.8bUS$6.0b10.6x14x0.4x
Thu, 16 Nov 2023US$70.7bUS$190.7bUS$6.0b11.1x11.8x0.4x
Sat, 14 Oct 2023US$70.3bUS$187.4bUS$6.9b10.3x10.2x0.4x
Mon, 11 Sep 2023US$83.0bUS$186.1bUS$6.5b10.8x12.7x0.4x
Wed, 09 Aug 2023US$95.0bUS$187.9bUS$6.2b11.7x15.4x0.5x
Fri, 07 Jul 2023US$100.8bUS$183.1bUS$4.0b23.1x25.2x0.6x
Price to Earnings Ratio

25.2x


Total Market Cap: US$100.8bTotal Earnings: US$4.0bTotal Revenue: US$183.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Airlines Industry Price to Earnings3Y Average 15.1x202420252026
Current Industry PE
  • Investors are optimistic on the American Airlines industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 19.2x which is higher than its 3-year average PE of 15.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.53x.
Past Earnings Growth
  • The earnings for companies in the Airlines industry have grown 28% per year over the last three years.
  • Revenues for these companies have grown 4.6% 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 Market0.31%
Industrials-0.68%
Airlines7.64%
Airlines7.64%
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$135.1913.9%
+US$5.4b		69.8%PE12x
DAL Delta Air LinesUS$93.178.4%
+US$4.7b		89.4%PE13.6x
LUV Southwest AirlinesUS$51.606.2%
+US$1.5b		59.1%PE30.9x
AAL American Airlines GroupUS$17.9211.4%
+US$1.2b		59.7%PE58.7x
ALK Alaska Air GroupUS$51.936.4%
+US$348.8m		5.0%PE79.3x

Latest News

UAL
US$135.19
United Airlines Holdings
7D
13.9%
1Y
69.8%
AAL
US$17.92
American Airlines Group
7D
11.4%
1Y
59.7%
SRFM
US$0.93
Surf Air Mobility
7D
-13.1%
1Y
-74.8%
FLYX
US$1.98
flyExclusive
7D
-0.5%
1Y
1.5%
DAL
US$93.17
Delta Air Lines
7D
8.4%
1Y
89.4%
SOAR
US$0.18
Volato Group
7D
-0.2%
1Y
-86.1%
JOBY
US$8.63
Joby Aviation
7D
-12.5%
1Y
-18.2%
SKYW
US$98.71
SkyWest
7D
6.0%
1Y
-4.1%
Seeking Alpha • Jun 26

SkyWest's Cheap Valuation Leaves Meaningful Upside

Summary SkyWest remains a Buy as strong contract coverage, disciplined capital allocation, and robust free cash flow are underappreciated by the market. SKYW trades at low multiples—9.3x trailing earnings, 5.7x EV/EBITDA—despite double-digit EPS growth, $400M+ 2025 free cash flow, and mid-single-digit block hour growth guidance. Revenue mix is increasingly diversified, with lease and charter revenues growing over 20%, reducing reliance on any single airline partner. Labor cost pressures persist, but efficient fleet use and flexible E175 contract assignments support margin resilience and upside to $11 GAAP EPS in 2026. Read the full article on Seeking Alpha
CPA
US$155.53
Copa Holdings
7D
1.7%
1Y
41.4%
ALGT
US$114.20
Allegiant Travel
7D
11.8%
1Y
107.8%
ALK
US$51.93
Alaska Air Group
7D
6.4%
1Y
5.0%
LUV
US$51.60
Southwest Airlines
7D
6.2%
1Y
59.1%
Analysis Article • Jun 19

Southwest Airlines (LUV) Stock Could Be 5.1% Overvalued After AWS Partnership News

Southwest Airlines (LUV) is back in focus after outlining a broad technology overhaul through a new partnership with Amazon Web Services, alongside a sector wide lift from easing fuel cost concerns tied to de-escalating geopolitical risks. See our latest analysis for Southwest Airlines. The AW S partnership and easing fuel cost concerns have arrived alongside a sharp rebound in Southwest Airlines, with a 30 day share price return of 28.43% and a 1 year total shareholder return of 56.84%. This...