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U.S. Airlines Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies17
  • 7D-1.5%
  • 3M-6.1%
  • 1Y2.1%
  • YTDn/a

Over the last 7 days, the Airlines industry has dropped 1.5%, driven by Joby Aviation declining 8.6%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Nov 2025US$122.5bUS$206.1bUS$6.6b9.3x18.6x0.6x
Thu, 16 Oct 2025US$127.1bUS$205.4bUS$7.2b10.1x17.6x0.6x
Sat, 13 Sep 2025US$125.0bUS$204.5bUS$7.1b10.5x17.7x0.6x
Mon, 11 Aug 2025US$113.1bUS$204.6bUS$7.1b9.2x15.9x0.6x
Wed, 09 Jul 2025US$107.3bUS$209.5bUS$6.6b11.9x16.2x0.5x
Fri, 06 Jun 2025US$103.4bUS$209.1bUS$6.6b11.2x15.6x0.5x
Sun, 04 May 2025US$93.9bUS$204.6bUS$7.3b10.5x12.9x0.5x
Tue, 01 Apr 2025US$95.2bUS$201.0bUS$6.7b10.9x14.2x0.5x
Thu, 27 Feb 2025US$117.9bUS$205.9bUS$6.0b12.6x19.7x0.6x
Sat, 25 Jan 2025US$127.6bUS$199.8bUS$6.2b12.5x20.4x0.6x
Mon, 23 Dec 2024US$120.0bUS$196.4bUS$7.0b11.6x17.2x0.6x
Wed, 20 Nov 2024US$115.2bUS$191.5bUS$7.9b11.2x14.7x0.6x
Fri, 18 Oct 2024US$102.3bUS$183.1bUS$6.4b12x15.9x0.6x
Sun, 15 Sep 2024US$83.6bUS$182.6bUS$6.4b11.5x13.1x0.5x
Tue, 13 Aug 2024US$73.5bUS$182.9bUS$6.4b9.9x11.6x0.4x
Thu, 11 Jul 2024US$83.2bUS$180.8bUS$7.1b12x11.8x0.5x
Sat, 08 Jun 2024US$88.5bUS$180.8bUS$7.0b12x12.6x0.5x
Mon, 06 May 2024US$90.3bUS$195.1bUS$7.3b8.9x12.3x0.5x
Wed, 03 Apr 2024US$89.0bUS$190.6bUS$7.5b10.5x11.9x0.5x
Fri, 01 Mar 2024US$86.5bUS$190.9bUS$7.2b11.1x12x0.5x
Sun, 28 Jan 2024US$81.6bUS$193.5bUS$7.1b10.2x11.6x0.4x
Tue, 26 Dec 2023US$85.4bUS$190.8bUS$6.0b10.8x14.2x0.4x
Thu, 23 Nov 2023US$74.2bUS$190.7bUS$6.1b9.7x12.3x0.4x
Sat, 21 Oct 2023US$66.5bUS$189.1bUS$7.2b10.1x9.2x0.4x
Mon, 18 Sep 2023US$81.1bUS$186.1bUS$6.5b10.6x12.4x0.4x
Wed, 16 Aug 2023US$89.6bUS$186.3bUS$6.5b12.2x13.7x0.5x
Fri, 14 Jul 2023US$103.5bUS$185.2bUS$5.1b24.5x20.2x0.6x
Sun, 11 Jun 2023US$87.1bUS$171.6bUS$3.2b24.3x27.3x0.5x
Tue, 09 May 2023US$77.7bUS$171.2bUS$3.1b22.2x25x0.5x
Thu, 06 Apr 2023US$76.3bUS$160.9bUS$972.1m18.7x78.5x0.5x
Sat, 04 Mar 2023US$88.0bUS$160.9bUS$1.2b21.2x73.8x0.5x
Mon, 30 Jan 2023US$87.6bUS$159.5bUS$1.3b18.8x65.7x0.5x
Wed, 28 Dec 2022US$74.7bUS$149.1b-US$1,153,426,000.0016.5x-64.8x0.5x
Fri, 25 Nov 2022US$84.1bUS$149.1b-US$1,153,426,000.0019.7x-72.9x0.6x
Price to Earnings Ratio

-72.9x


Total Market Cap: US$84.1bTotal Earnings: -US$1,153,426,000.00Total Revenue: US$149.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Airlines Industry Price to Earnings3Y Average -4.1x202320242025
Current Industry PE
  • Investors are pessimistic on the American Airlines industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 18.6x which is higher than its 3-year average PE of -4.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.50x.
Past Earnings Growth
  • Total earnings for the Airlines industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 11% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

How does U.S. Airlines compare with similar industries?

US Market-0.39%
Industrials-1.57%
Airlines-1.48%
Airlines-1.48%
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
MESA Mesa Air GroupUS$1.675.7%
+US$3.8m		96.5%PS0.2x
FLYX flyExclusiveUS$3.210.9%
+US$2.4m		45.9%PS0.2x

Latest News

DAL
US$55.76
Delta Air Lines
7D
-4.8%
1Y
-11.8%

DAL: Ongoing Industry Changes Will Drive Sustained Margin Expansion Into 2026

Delta Air Lines' average analyst price target has been raised, with several firms increasing their targets by $2 to $13 per share. Analysts point to strong Q3 results, positive guidance, and structural industry advantages that support further upside.
UAL
US$89.95
United Airlines Holdings
7D
-6.4%
1Y
-0.5%

UAL: Margin Expansion Initiatives Will Drive Performance Amid Air Travel Disruptions

United Airlines Holdings’ analyst price target has increased significantly, with recent updates raising it by as much as $41 to $156. Analysts cite robust earnings prospects, margin expansion initiatives, and stronger demand trends as key drivers for the upward revisions.
MESA
US$1.67
Mesa Air Group
7D
5.7%
1Y
96.5%
UP
US$0.93
Wheels Up Experience
7D
-27.3%
1Y
-55.5%
ALK
US$39.11
Alaska Air Group
7D
-7.7%
1Y
-26.0%
FLYX
US$3.21
flyExclusive
7D
0.9%
1Y
45.9%
AERO
US$16.63
Grupo Aeroméxico. de
7D
-10.1%
1Y
n/a
LUV
US$31.85
Southwest Airlines
7D
-2.5%
1Y
-1.5%

LUV: Evolving Industry Dynamics Will Shape Margins And Global Partnership Outcomes

Southwest Airlines' analyst price target has been raised from $33.76 to $34.07 as analysts cite evolving industry dynamics and projected improvements in technology-driven merchandising platforms, which support a cautiously optimistic outlook for the stock. Analyst Commentary Recent commentary from analysts reflects both optimism and caution regarding Southwest Airlines' near-term prospects and long-term positioning in a changing U.S. airline landscape.
AAL
US$12.34
American Airlines Group
7D
-7.3%
1Y
-13.6%

AAL: Industry Shifts And Expense Pressures Will Shape Fair Value Outlook

American Airlines Group's analyst price target has increased from $14.55 to $15.02. This reflects moderate optimism among analysts amid encouraging industry trends and updated financial estimates.
JOBY
US$13.89
Joby Aviation
7D
-11.9%
1Y
147.6%