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| Company | Headquarters | Sector | Stock Price | Enterprise Value | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|---|
| Delta Air Lines | United States of America | Airlines | $61 | $57.9B | 1.0x | 6.7x |
| United Airlines | United States of America | Airlines | $105 | $51.1B | 0.9x | 6.4x |
| Air China | China | Airlines | CNY 7 | $44.2B | 1.8x | 9.8x |
| China Southern Airlines | China | Airlines | CNY 5 | $38.7B | 1.6x | 7.9x |
| American Airlines | United States of America | Airlines | $13 | $37.5B | 0.7x | 8.8x |
| China Eastern Airlines | China | Airlines | CNY 4 | $35.5B | 1.8x | 8.4x |
| IAG | United Kingdom of Great Britain and Northern Ireland | Airlines | £4 | $30.8B | 0.8x | 3.8x |
| IndiGo | India | Airlines | INR 5665 | $28.9B | 3.0x | 12.5x |
| Ryanair | Ireland | Airlines | €25 | $28.6B | 1.7x | 7.8x |
| Hainan Airlines | China | Airlines | CNY 2 | $22.6B | N/A | N/A |
| LATAM Airlines | Chile | Airlines | CLP 24 | $20.1B | 1.5x | 5.7x |
| Turkish Airlines | Turkey | Airlines | TRY 327 | $19.4B | 0.9x | 4.7x |
| Southwest Airlines | United States of America | Airlines | $32 | $18.4B | 0.7x | 8.8x |
| Singapore Airlines | Singapore | Airlines | SGD 7 | $18.4B | 1.2x | 5.9x |
| Lufthansa | Germany | Airlines | €8 | $17.3B | 0.4x | 3.6x |
| Cathay Pacific Airways | Hong Kong | Airlines | HKD 11 | $16.1B | 1.2x | 5.0x |
| Korean Air | South Korea | Airlines | KRW 23450 | $16.1B | 1.0x | 5.2x |
| Qantas Airways | Australia | Airlines | AUD 12 | $14.9B | 1.0x | 4.9x |
| Air France | France | Airlines | €13 | $11.6B | 0.3x | 2.1x |
| Alaska Air | United States of America | Airlines | $63 | $11.5B | 0.9x | 7.7x |
| ANA Holdings | Japan | Airlines | JPY 2984 | $10.2B | 0.6x | 4.3x |
| Japan Airlines | Japan | Airlines | JPY 3147 | $8.8B | 0.7x | 3.8x |
| Spring Airlines | China | Airlines | CNY 52 | $8.6B | 2.9x | 11.2x |
| JetBlue Airways | United States of America | Airlines | $5 | $8.3B | 0.9x | 21.3x |
| Juneyao Airlines | China | Airlines | CNY 12 | $8.3B | 2.7x | 12.5x |
| Air Canada | Canada | Airlines | CAD 19 | $8.1B | 0.5x | 3.3x |
| Wizz Air | United Kingdom of Great Britain and Northern Ireland | Airlines | £14 | $7.6B | 1.2x | 5.3x |
| SkyWest | United States of America | Airlines | $120 | $6.7B | 1.7x | 7.1x |
| Eva Airways | Taiwan | Airlines | TWD 39 | $6.7B | 0.9x | 3.3x |
| Spirit Aviation Holdings | United States of America | Airlines | $1 | $6.5B | N/A | N/A |
| Pegasus Airlines | Turkey | Airlines | TRY 236 | $6.2B | 1.9x | 6.3x |
| Azul | Brazil | Airlines | BRL 1 | $6.1B | 1.6x | 5.1x |
| Copa Airlines | United States of America | Airlines | $116 | $5.8B | 1.6x | 5.1x |
| China Airlines | Taiwan | Airlines | TWD 22 | $5.8B | 0.9x | 3.6x |
| Frontier Airlines | United States of America | Airlines | $6 | $5.6B | 1.5x | -203.7x |
| VietJet Air | Viet Nam | Airlines | VND 145000 | $4.5B | 1.4x | 20.1x |
| easyJet | United Kingdom of Great Britain and Northern Ireland | Airlines | £5 | $4.5B | 0.3x | 2.3x |
| Air Arabia | United Arab Emirates | Airlines | AED 4 | $4.0B | 2.1x | 7.7x |
| Grupo Aeromexico | Mexico | Airlines | MXN 167 | $3.9B | N/A | N/A |
| Vietnam Airlines | Viet Nam | Airlines | VND 31300 | $3.7B | 0.9x | 7.5x |
| Garuda Indonesia | Indonesia | Airlines | IDR 19 | $3.7B | N/A | N/A |
| Volaris | Mexico | Airlines | MXN 11 | $3.7B | 1.2x | 4.3x |
| Air New Zealand | New Zealand | Airlines | NZD 1 | $3.1B | 0.8x | 6.1x |
| Cebu Air | Philippines | Airlines | PHP 34 | $3.0B | 1.5x | 5.9x |
| Pal Holdings | Philippines | Airlines | PHP 4 | $2.8B | N/A | N/A |
| Virgin Australia Holdings | Australia | Airlines | AUD 3 | $2.4B | 0.6x | 3.5x |
| Allegiant Travel | United States of America | Airlines | $64 | $2.4B | 0.9x | 6.6x |
| Aegean Airlines | Greece | Airlines | €14 | $2.2B | 1.0x | 4.6x |
| Norwegian | Norway | Airlines | NOK 16 | $2.2B | 0.6x | 2.8x |
| PIA Holding Company | Pakistan | Airlines | PKR 28 | $1.9B | N/A | N/A |
| El AL Israel Airlines | Israel | Airlines | ILS 14 | $1.9B | N/A | N/A |
| Asia Aviation | Thailand | Airlines | THB 1 | $1.8B | 1.3x | 6.7x |
| Finnair | Finland | Airlines | €3 | $1.7B | 0.5x | 3.3x |
| Kenya Airways | Kenya | Airlines | KES 4 | $1.6B | N/A | N/A |
| Jazeera Airways | Kuwait | Airlines | KWD 1 | $1.4B | 2.0x | 9.3x |
| Bangkok Airways | Thailand | Airlines | THB 14 | $1.3B | 1.8x | 8.1x |
| Tigerair Taiwan | Taiwan | Airlines | TWD 83 | $1.2B | 2.1x | N/A |
| Sun Country Airlines | United States of America | Airlines | $13 | $1.1B | 1.0x | 5.4x |
| Capital A | Malaysia | Airlines | MYR 1 | $1.1B | 0.2x | 1.1x |
| Spicejet | India | Airlines | INR 36 | $973M | 1.4x | 9.6x |
| Jeju Air | South Korea | Airlines | KRW 6430 | $945M | 0.8x | 8.4x |
| Norse Atlantic Airways | Norway | Airlines | NOK 9 | $941M | N/A | N/A |
| Enter Air | Poland | Airlines | PLN 51 | $737M | 0.9x | 4.6x |
| T'way Air | South Korea | Airlines | KRW 1831 | $601M | 0.5x | 5.4x |
| Croatia Airlines | Croatia | Airlines | €4 | $570M | N/A | N/A |
| Air Busan | South Korea | Airlines | KRW 1979 | $535M | 0.8x | N/A |
| AirAsia X | Malaysia | Airlines | MYR 1 | $473M | 0.6x | 3.8x |
| flyExclusive | United States of America | Airlines | $4 | $367M | 1.1x | -7.1x |
| Surf Air | United States of America | Airlines, Urban Air Mobility | $4 | $248M | 2.3x | -5.5x |
| Jin Air | South Korea | Airlines | KRW 8370 | $196M | 0.2x | 1.3x |
| Air T | United States of America | Logistics & Air Freight, Airlines, Aircraft & Space Systems, Leasing & Rental Services | $22 | $186M | N/A | N/A |
| Mesa Airlines | United States of America | Airlines | $1 | $131M | N/A | N/A |
Valuation multiples as of last 12 months (LTM). Stock prices as of September 3, 2025. Financial data powered by Morningstar and FactSet.
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