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U.S. Airlines Industry Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies20
  • 7D13.5%
  • 3M24.8%
  • 1Y17.0%
  • YTD9.1%

In the last week, the Airlines industry is up 13%, with Delta Air Lines up 14%. In the same time, Grupo Aeroméxico. de was down 5.1%. This takes the industry's 12 month performance to a gain of 17%. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Feb 2026US$138.5bUS$209.9bUS$7.3b10x19.1x0.7x
Mon, 05 Jan 2026US$137.0bUS$207.9bUS$6.7b9.9x20.4x0.7x
Wed, 03 Dec 2025US$124.9bUS$207.8bUS$6.7b9.8x18.6x0.6x
Fri, 31 Oct 2025US$118.6bUS$206.5bUS$6.9b9.3x17.1x0.6x
Sun, 28 Sep 2025US$119.6bUS$204.4bUS$7.1b9.8x17x0.6x
Tue, 26 Aug 2025US$124.1bUS$204.4bUS$7.1b10.6x17.6x0.6x
Thu, 24 Jul 2025US$121.4bUS$209.8bUS$7.1b12.4x17.1x0.6x
Sat, 21 Jun 2025US$98.9bUS$209.2bUS$6.6b10.5x14.9x0.5x
Mon, 19 May 2025US$103.1bUS$204.4bUS$7.6b11.4x13.6x0.5x
Wed, 16 Apr 2025US$84.5bUS$202.6bUS$6.2b8.6x13.6x0.4x
Fri, 14 Mar 2025US$94.9bUS$201.1bUS$6.7b10.5x14.1x0.5x
Sun, 09 Feb 2025US$129.3bUS$200.0bUS$6.8b14.6x19.1x0.6x
Tue, 07 Jan 2025US$120.0bUS$196.3bUS$7.0b11.7x17.2x0.6x
Thu, 05 Dec 2024US$118.4bUS$196.5bUS$7.0b11.8x16.9x0.6x
Sat, 02 Nov 2024US$104.2bUS$183.9bUS$6.6b13.1x15.8x0.6x
Mon, 30 Sep 2024US$92.0bUS$182.6bUS$6.4b11.9x14.4x0.5x
Wed, 28 Aug 2024US$76.6bUS$182.6bUS$6.4b11.3x12x0.4x
Fri, 26 Jul 2024US$80.1bUS$182.8bUS$6.8b12.7x11.8x0.4x
Sun, 23 Jun 2024US$86.5bUS$180.8bUS$7.1b12.7x12.2x0.5x
Tue, 21 May 2024US$91.7bUS$180.8bUS$7.1b11.7x13x0.5x
Thu, 18 Apr 2024US$87.9bUS$192.6bUS$7.9b9.5x11.1x0.5x
Sat, 16 Mar 2024US$82.7bUS$190.8bUS$7.3b10x11.3x0.4x
Mon, 12 Feb 2024US$84.2bUS$190.8bUS$7.2b11.2x11.6x0.4x
Wed, 10 Jan 2024US$85.7bUS$190.8bUS$6.0b10.4x14.2x0.4x
Fri, 08 Dec 2023US$79.0bUS$190.7bUS$6.1b10x13x0.4x
Sun, 05 Nov 2023US$68.0bUS$189.2bUS$6.8b10.4x10x0.4x
Tue, 03 Oct 2023US$75.8bUS$186.0bUS$6.5b10.5x11.6x0.4x
Thu, 31 Aug 2023US$87.8bUS$186.3bUS$6.5b11.2x13.4x0.5x
Sat, 29 Jul 2023US$95.1bUS$187.6bUS$5.9b16.7x16.2x0.5x
Mon, 26 Jun 2023US$92.3bUS$183.2bUS$4.0b21.5x23.1x0.5x
Wed, 24 May 2023US$80.6bUS$171.6bUS$3.2b21.6x25.2x0.5x
Fri, 21 Apr 2023US$79.2bUS$168.7bUS$2.7b16.2x29.5x0.5x
Sun, 19 Mar 2023US$74.3bUS$160.9bUS$972.1m19.1x76.5x0.5x
Tue, 14 Feb 2023US$86.8bUS$160.5bUS$1.3b20.3x67.1x0.5x
Price to Earnings Ratio

67.1x


Total Market Cap: US$86.8bTotal Earnings: US$1.3bTotal Revenue: US$160.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Airlines Industry Price to Earnings3Y Average 19.5x202420252026
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 19.5x.
  • 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 78% per year over the last three years.
  • Revenues for these companies have grown 9.3% 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-0.12%
Industrials4.69%
Airlines13.50%
Airlines13.50%
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$75.3514.4%
+US$6.1b		10.6%PE9.8x
UAL United Airlines HoldingsUS$115.9113.3%
+US$4.4b		6.3%PE11.2x
LUV Southwest AirlinesUS$54.2614.2%
+US$2.1b		75.0%PE60.5x
AAL American Airlines GroupUS$15.2414.6%
+US$1.3b		-11.2%PE90.7x
ALK Alaska Air GroupUS$59.4517.0%
+US$995.9m		-21.7%PE68.7x

Latest News

ALGT
US$114.79
Allegiant Travel
7D
29.5%
1Y
26.9%
DAL
US$75.35
Delta Air Lines
7D
14.4%
1Y
10.6%
ALK
US$59.45
Alaska Air Group
7D
17.0%
1Y
-21.7%
UAL
US$115.91
United Airlines Holdings
7D
13.3%
1Y
6.3%
LUV
US$54.26
Southwest Airlines
7D
14.2%
1Y
75.0%

LUV: 2026 Capacity Expansion And Partnerships Will Test Rich Share Pricing

Analysts have raised their implied fair value estimate for Southwest Airlines from about $39.63 to $47.47. This change reflects a series of higher price targets across the Street as they factor in updated views on revenue growth, profit margins, discount rates and future P/E assumptions.
AAL
US$15.24
American Airlines Group
7D
14.6%
1Y
-11.2%

AAL: Execution And Regulatory Risks Will Likely Restrain Margin-Driven Repricing

Analysts have nudged their fair value estimate for American Airlines Group higher to about US$12.69 from roughly US$10.81, citing Street research that points to stronger revenue initiatives, improving margin potential, and a recalibration of future P/E expectations across the airline group. Analyst Commentary Recent Street research on American Airlines Group has been mixed, with several firms adjusting price targets and ratings as they reassess revenue potential, cost trends, and the outlook for sector earnings over the next couple of years.
JBLU
US$6.36
JetBlue Airways
7D
30.6%
1Y
-4.6%
CPA
US$154.09
Copa Holdings
7D
13.0%
1Y
67.8%

CPA: Fair Outlook As Capacity Plans And Margins Support Measured Upside

Analysts have lifted their price target for Copa Holdings from US$118 to US$126. They point to updated assumptions around revenue growth, profit margins and the stock's future P/E multiple as key drivers of the change.
AERO
US$19.03
Grupo Aeroméxico. de
7D
-5.1%
1Y
n/a

Aeroméxico: This Airline Stock Can Fly Higher

Jan 12
SOAR
US$0.50
Volato Group
7D
-22.8%
1Y
-89.2%