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U.S. Airlines Industry Analysis

UpdatedJul 03, 2026
DataAggregated Company Financials
Companies17
  • 7D-0.9%
  • 3M35.7%
  • 1Y50.9%
  • YTD17.0%

The Airlines industry has been flat over the last week, but Southwest Airlines has lost 3.5%. The past year has been better, since the industry has gained 51% in that time. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Jul 2026US$162.2bUS$209.4bUS$8.5b11.8x19.1x0.8x
Sun, 31 May 2026US$145.1bUS$209.9bUS$8.5b10.2x17.1x0.7x
Tue, 28 Apr 2026US$121.1bUS$210.6bUS$8.9b9x13.7x0.6x
Thu, 26 Mar 2026US$120.5bUS$209.7bUS$7.4b8.9x16.3x0.6x
Sat, 21 Feb 2026US$138.1bUS$209.9bUS$7.3b9.9x19x0.7x
Mon, 19 Jan 2026US$140.7bUS$208.2bUS$7.1b9.2x19.8x0.7x
Wed, 17 Dec 2025US$137.1bUS$207.9bUS$6.7b10x20.4x0.7x
Fri, 14 Nov 2025US$122.5bUS$206.1bUS$6.6b9.3x18.6x0.6x
Sun, 12 Oct 2025US$118.5bUS$205.3bUS$7.2b9.5x16.5x0.6x
Tue, 09 Sep 2025US$124.4bUS$204.5bUS$7.1b10.7x17.6x0.6x
Thu, 07 Aug 2025US$123.5bUS$210.4bUS$6.7b9.1x18.5x0.6x
Sat, 05 Jul 2025US$108.6bUS$209.6bUS$6.6b12x16.4x0.5x
Mon, 02 Jun 2025US$102.9bUS$209.0bUS$6.6b11.3x15.5x0.5x
Wed, 30 Apr 2025US$86.7bUS$204.5bUS$7.3b8.5x11.8x0.4x
Fri, 28 Mar 2025US$101.8bUS$201.0bUS$6.7b11.3x15.2x0.5x
Sun, 23 Feb 2025US$116.5bUS$200.1bUS$6.8b12.1x17.2x0.6x
Tue, 21 Jan 2025US$127.3bUS$197.7bUS$5.8b12.8x22x0.6x
Thu, 19 Dec 2024US$118.8bUS$196.5bUS$7.0b10.9x17x0.6x
Sat, 16 Nov 2024US$117.7bUS$196.6bUS$7.2b10.8x16.4x0.6x
Mon, 14 Oct 2024US$94.7bUS$182.8bUS$6.6b11.2x14.4x0.5x
Wed, 11 Sep 2024US$81.8bUS$182.6bUS$6.4b11.5x12.8x0.4x
Fri, 09 Aug 2024US$70.1bUS$182.9bUS$6.2b10.9x11.2x0.4x
Sun, 07 Jul 2024US$82.5bUS$180.8bUS$7.1b11.6x11.7x0.5x
Tue, 04 Jun 2024US$88.0bUS$180.8bUS$7.0b12.2x12.5x0.5x
Thu, 02 May 2024US$87.7bUS$194.7bUS$7.4b8.6x11.9x0.5x
Sat, 30 Mar 2024US$89.6bUS$190.6bUS$7.3b11.1x12.3x0.5x
Mon, 26 Feb 2024US$86.3bUS$190.8bUS$7.2b11.2x12x0.5x
Wed, 24 Jan 2024US$78.2bUS$192.8bUS$7.0b9.5x11.2x0.4x
Fri, 22 Dec 2023US$82.8bUS$190.8bUS$6.0b10.8x13.7x0.4x
Sun, 19 Nov 2023US$71.9bUS$190.7bUS$6.1b9.7x11.9x0.4x
Tue, 17 Oct 2023US$71.3bUS$187.5bUS$6.9b10.4x10.3x0.4x
Thu, 14 Sep 2023US$80.6bUS$186.2bUS$6.5b10.7x12.4x0.4x
Sat, 12 Aug 2023US$91.6bUS$188.0bUS$6.0b11.8x15.3x0.5x
Mon, 10 Jul 2023US$102.6bUS$183.3bUS$4.0b23.8x25.6x0.6x
Price to Earnings Ratio

25.6x


Total Market Cap: US$102.6bTotal Earnings: US$4.0bTotal Revenue: US$183.3bTotal 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 19.1x 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 Market1.38%
Industrials-1.75%
Airlines-0.88%
Airlines-0.88%
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$92.750.7%
+US$418.2m		82.4%PE13.5x
AAL American Airlines GroupUS$17.922.0%
+US$231.5m		53.3%PE58.7x
ALGT Allegiant TravelUS$118.677.8%
+US$230.2m		96.8%PS1.2x
RJET Republic Airways HoldingsUS$21.3918.3%
+US$155.0m		n/aPE13.2x
UP Wheels Up ExperienceUS$8.8825.1%
+US$64.5m		-60.4%PS0.4x

Latest News

SKYW
US$96.88
SkyWest
7D
-1.4%
1Y
-10.1%
AAL
US$17.92
American Airlines Group
7D
2.0%
1Y
53.3%
DAL
US$92.75
Delta Air Lines
7D
0.7%
1Y
82.4%
FLYX
US$1.93
flyExclusive
7D
1.0%
1Y
-17.2%
ALGT
US$118.67
Allegiant Travel
7D
7.8%
1Y
96.8%
Narrative Update • Jul 01

ALGT: Sun Country Synergies And Debt Refinancing Will Shape Balanced Earnings Outlook

The analyst price target for Allegiant Travel has been raised from $100.73 to $115.77, as analysts factor in higher projected revenue growth, updated P/E assumptions, and optimism around demand trends and Sun Country acquisition synergies highlighted in recent research. Analyst Commentary Street research on Allegiant Travel has turned more constructive following the Sun Country acquisition, with several price target increases and fresh coverage pointing to a mix of optimism around earnings power and some caution on execution and sector risks.
ALK
US$51.09
Alaska Air Group
7D
-4.1%
1Y
0.08%
Narrative Update • Jul 01

ALK: Fuel And Demand Execution Risks Will Drive Bearish Repricing

The analyst fair value estimate for Alaska Air Group has increased from $41.00 to $47.00. This change reflects a higher blended price target as analysts factor in sector-wide expectations for stronger Q2 results and guidance, which have recently led to multiple target increases across the stock.
RJET
US$21.39
Republic Airways Holdings
7D
18.3%
1Y
n/a
LUV
US$50.25
Southwest Airlines
7D
-3.5%
1Y
47.4%
Narrative Update • Jun 30

LUV: Cloud Transformation And Sector Optimism Will Shape Earnings Risk Balance

The analyst price target on Southwest Airlines is increasing from $45.64 to $47.51, with analysts citing sector-wide Q2 and Q3 optimism, improved margin expectations into 2027, and ongoing benefits from the company’s transformation plan as key supports. Analyst Commentary Recent research on Southwest Airlines points to a mixed but generally constructive tone, with several firms adjusting price targets higher and framing the upcoming Q2 and Q3 periods as important checkpoints for the stock.
UAL
US$133.32
United Airlines Holdings
7D
-1.0%
1Y
61.9%
Narrative Update • Jun 30

UAL: Premium Demand And Asset Purchases Will Balance Fuel And Execution Risks

United Airlines Holdings' analyst price target has been revised higher from $132.08 to $136.63 as analysts factor in updated fair value estimates, slightly adjusted revenue growth and margin assumptions, and modestly higher future P/E expectations following a series of upward target moves from major research firms. Analyst Commentary Recent research updates on United Airlines Holdings point to a wide range of price targets, with several fresh revisions higher.
SRFM
US$1.04
Surf Air Mobility
7D
14.3%
1Y
-74.6%
JOBY
US$8.49
Joby Aviation
7D
-4.3%
1Y
-19.5%
ULCC
US$7.58
Frontier Group Holdings
7D
-6.0%
1Y
82.7%
CPA
US$152.65
Copa Holdings
7D
-2.8%
1Y
36.7%
AERO
US$17.49
Grupo Aeroméxico. de
7D
-4.5%
1Y
n/a
Narrative Update • Jun 26

AERO: Strong Traffic And Load Factors Will Support Bullish Outlook

Analysts have trimmed their price target for Grupo Aeroméxico from about $29.84 to $26.88 as they refresh their assumptions around discount rates, revenue growth, profit margins, and future P/E levels. What’s in the News for Grupo Aeroméxico Reported May 2026 traffic results, with 2,102,000 passengers, 3,151 million available seat miles (ASMs), 2,705 million revenue passenger miles (RPMs), and an 85.8% load factor, compared with 2,059,000 passengers, 3,009 million ASMs, 2,571 million RPMs, and an 85.5% load factor a year earlier.
JBLU
US$6.02
JetBlue Airways
7D
1.7%
1Y
35.0%
Narrative Update • Jun 22

JBLU: Fort Lauderdale Repositioning And RASM Upside Will Support Margin Recovery

Analysts have lifted the JetBlue Airways price target from $6.38 to $8.00, citing updated assumptions that include slightly lower discount rates, higher revenue growth and profit margin expectations, and a more conservative future P/E multiple. Analyst Commentary on JetBlue Airways Bullish analysts covering JetBlue Airways are highlighting the recent price target moves as a sign of improving sentiment around the stock, even where official ratings remain cautious.
UP
US$8.88
Wheels Up Experience
7D
25.1%
1Y
-60.4%