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U.S. Airlines Industry Analysis

UpdatedAug 01, 2026
DataAggregated Company Financials
Companies16
  • 7D2.7%
  • 3M22.4%
  • 1Y33.3%
  • YTD8.3%

In the last week, the Airlines industry is up 2.7%, with Delta Air Lines up 2.8%. This takes the industry's 12 month performance to a gain of 33%. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 01 Aug 2026US$150.5bUS$202.5bUS$7.0b11.3x21.4x0.7x
Mon, 29 Jun 2026US$163.2bUS$209.5bUS$8.5b11.7x19.2x0.8x
Wed, 27 May 2026US$132.9bUS$209.8bUS$8.5b9.4x15.7x0.6x
Fri, 24 Apr 2026US$122.0bUS$209.6bUS$8.5b9.3x14.4x0.6x
Sun, 22 Mar 2026US$116.4bUS$209.7bUS$7.4b8.5x15.7x0.6x
Tue, 17 Feb 2026US$137.7bUS$206.3bUS$7.4b9.8x18.6x0.7x
Thu, 15 Jan 2026US$139.0bUS$208.3bUS$7.1b9.2x19.6x0.7x
Sat, 13 Dec 2025US$137.2bUS$207.9bUS$6.7b9.8x20.4x0.7x
Mon, 10 Nov 2025US$118.7bUS$206.2bUS$6.6b9.3x18x0.6x
Wed, 08 Oct 2025US$122.8bUS$204.4bUS$7.1b9.6x17.4x0.6x
Fri, 05 Sep 2025US$124.8bUS$200.0bUS$8.1b11.1x15.3x0.6x
Sun, 03 Aug 2025US$110.1bUS$210.3bUS$6.9b9.3x16.1x0.5x
Tue, 01 Jul 2025US$104.1bUS$209.5bUS$6.6b11.5x15.7x0.5x
Thu, 29 May 2025US$102.3bUS$204.3bUS$7.7b11.3x13.4x0.5x
Sat, 26 Apr 2025US$86.6bUS$204.6bUS$6.8b8.8x12.7x0.4x
Mon, 24 Mar 2025US$100.3bUS$201.0bUS$6.7b11.4x14.9x0.5x
Wed, 19 Feb 2025US$125.2bUS$200.1bUS$6.8b13x18.5x0.6x
Fri, 17 Jan 2025US$126.8bUS$197.5bUS$5.8b12.6x21.9x0.6x
Sun, 15 Dec 2024US$119.0bUS$196.4bUS$7.0b11.3x17x0.6x
Tue, 12 Nov 2024US$112.6bUS$196.8bUS$7.2b10.6x15.6x0.6x
Thu, 10 Oct 2024US$93.3bUS$182.6bUS$6.4b10.7x14.6x0.5x
Sat, 07 Sep 2024US$79.3bUS$182.6bUS$6.4b11.7x12.4x0.4x
Mon, 05 Aug 2024US$72.8bUS$182.9bUS$6.1b11.6x11.9x0.4x
Wed, 03 Jul 2024US$84.4bUS$180.8bUS$7.1b12.5x11.9x0.5x
Fri, 31 May 2024US$86.1bUS$180.8bUS$7.0b11.8x12.3x0.5x
Sun, 28 Apr 2024US$89.7bUS$194.7bUS$7.4b8.9x12.1x0.5x
Tue, 26 Mar 2024US$86.2bUS$190.7bUS$7.3b10.6x11.8x0.5x
Thu, 22 Feb 2024US$86.3bUS$190.8bUS$7.2b11.4x11.9x0.5x
Sat, 20 Jan 2024US$78.1bUS$191.6bUS$7.2b9.2x10.8x0.4x
Mon, 18 Dec 2023US$84.3bUS$190.8bUS$6.0b10.3x14x0.4x
Wed, 15 Nov 2023US$67.5bUS$190.7bUS$6.2b10.9x11x0.4x
Fri, 13 Oct 2023US$73.4bUS$187.5bUS$6.9b10.4x10.6x0.4x
Sun, 10 Sep 2023US$83.0bUS$186.1bUS$6.5b10.8x12.7x0.4x
Tue, 08 Aug 2023US$93.6bUS$187.9bUS$6.2b11.9x15.2x0.5x
Price to Earnings Ratio

15.2x


Total Market Cap: US$93.6bTotal Earnings: US$6.2bTotal Revenue: US$187.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Airlines Industry Price to Earnings3Y Average 15x202420252026
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 21.4x which is higher than its 3-year average PE of 15.0x.
  • 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 4.5% per year over the last three years.
  • Revenues for these companies have grown 2.5% 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 Market0.77%
Industrials-1.55%
Airlines2.67%
Airlines2.67%
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$87.442.8%
+US$1.6b		70.9%PE14.5x
UAL United Airlines HoldingsUS$121.332.6%
+US$993.2m		43.5%PE11.3x
AAL American Airlines GroupUS$15.275.5%
+US$526.3m		38.4%PS0.2x
JBLU JetBlue AirwaysUS$6.0314.4%
+US$314.7m		41.2%PS0.2x
ULCC Frontier Group HoldingsUS$6.7516.2%
+US$218.9m		70.0%PS0.4x

Latest News

LUV
US$44.97
Southwest Airlines
7D
-0.2%
1Y
50.9%
JBLU
US$6.03
JetBlue Airways
7D
14.4%
1Y
41.2%
RJET
US$20.65
Republic Airways Holdings
7D
19.4%
1Y
n/a
ULCC
US$6.75
Frontier Group Holdings
7D
16.2%
1Y
70.0%
AAL
US$15.27
American Airlines Group
7D
5.5%
1Y
38.4%
Narrative Update • Jul 31

AAL: Higher Fares And Premium Upgrades Will Counter Rising Fuel Costs

American Airlines Group's analyst price target has edged lower to about $19.08 from $19.60 as analysts factor in higher fuel costs, slightly softer revenue growth assumptions, modestly lower profit margins, and a higher future P/E outlook. Analyst Commentary Recent research on American Airlines Group shows a split view, with many analysts still positive on the stock but tempering expectations as fuel costs move higher and revenue and margin assumptions are rechecked.
UAL
US$121.33
United Airlines Holdings
7D
2.6%
1Y
43.5%
UP
US$5.75
Wheels Up Experience
7D
-5.1%
1Y
-78.7%
DAL
US$87.44
Delta Air Lines
7D
2.8%
1Y
70.9%
Narrative Update • Jul 28

DAL: Premium And Loyalty Revenue Will Support Structurally Higher Future Margins

Analysts have lifted the fair value estimate for Delta Air Lines stock from $81.81 to $105.52. This reflects higher Street price targets in the $100 to $125 range that are tied to views on the company's margin potential, fuel cost relief, premium demand and loyalty economics.
SRFM
US$0.76
Surf Air Mobility
7D
-3.4%
1Y
-80.7%
JOBY
US$7.15
Joby Aviation
7D
3.2%
1Y
-58.3%
CPA
US$141.22
Copa Holdings
7D
3.6%
1Y
29.6%
Narrative Update • Jul 23

CPA: Dividend And Buybacks Will Drive Future Returns Despite Softer Load Factors

Analysts have raised their price target on Copa Holdings from $185.00 to $200.00, citing updated assumptions for revenue growth, profit margin, discount rate, and future P/E in their valuation work. What’s in the News for Copa Holdings Jefferies initiated coverage on Copa Holdings with a Buy rating and a US$185 price target, citing an improved near term outlook for the Latin American airline sector following the de escalation of the U.S. Iran conflict.