undamentalytics Newsletter

Passenger Airlines stocks

17 US-listed companies in passenger airlines, with $265.2bn of combined revenue in their latest fiscal years. Delta Air Lines is the largest ($63.4bn). The fastest grower with at least $100m of revenue in both years is Alaska AIR Group, Inc., up 21.3%. The median company grew 2.8% with a net margin of 0.7%.

Companies17
Combined revenue$265.2bn
Median revenue growth2.8%
Median net margin0.7%
Median return on equity5.5%
#CompanyRevenueGrowthNet marginROEFiscal year
1 Delta Air LinesDAL $63.4bn 2.8% 7.9% 27.7% 2025
2 United Airlines HoldingsUAL $59.1bn 3.5% 5.7% 24.0% 2025
3 American Airlines Group Inc.AAL $54.6bn 0.8% 0.2% — 2025
4 Southwest AirlinesLUV $28.1bn 2.1% 1.6% 4.8% 2025
5 Ryanair Holdings PLCRYAAY $18.0bn 20.3% 14.0% 26.2% 2026
6 Alaska AIR Group, Inc.ALK $14.2bn 21.3% 0.7% 2.4% 2025
7 Jetblue Airways CorpJBLU $9.1bn −2.3% −6.6% −25.3% 2025
8 Grupo Aeromexico, S.a.b. De C.v.AERO $5.4bn −4.6% 6.6% — 2025
9 Skywest IncSKYW $4.1bn 15.0% 10.6% 16.6% 2025
10 Frontier Group Holdings, Inc.ULCC $3.7bn −1.4% −3.7% −25.0% 2025
11 Allegiant Travel CoALGT $2.6bn 3.7% −1.7% −4.2% 2025
12 Republic Airways Holdings Inc.RJET $1.7bn 13.7% 4.5% 6.2% 2025
13 Wheels Up Experience Inc.UP $736m −7.0% −39.9% — 2025
14 Flyexclusive Inc.FLYX $376m 14.9% −4.7% — 2025
15 Surf AIR Mobility Inc.SRFM $107m −10.8% −103.8% — 2025
16 Soar AI, Inc.SOAR $79m 101.1% 6.6% — 2025
17 Jet.ai Inc.JTAI $9m −34.6% 50.0% 32.2% 2025

Medians cover companies with at least $100m of revenue (growth: in both years). Growth is the latest fiscal year against the year before and includes acquisitions.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.