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| Company | Headquarters | Sector | Stock Price | Enterprise Value | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|---|
| Delta Air Lines | United States of America | Airlines | $58 | $55.7B | 1.0x | 6.5x |
| United Airlines | United States of America | Airlines | $104 | $50.9B | 0.9x | 6.4x |
| Air China | China | Airlines | CNY 7 | $46.1B | 1.9x | 10.4x |
| China Southern Airlines | China | Airlines | CNY 6 | $39.8B | 1.6x | 8.5x |
| American Airlines | United States of America | Airlines | $12 | $36.8B | 0.7x | 8.7x |
| China Eastern Airlines | China | Airlines | CNY 4 | $36.4B | 1.9x | 9.0x |
| IAG | United Kingdom of Great Britain and Northern Ireland | Airlines | £4 | $30.1B | 0.8x | 3.6x |
| IndiGo | India | Airlines | INR 5746 | $29.0B | 3.0x | 12.5x |
| Ryanair | Ireland | Airlines | €24 | $26.9B | 1.6x | 7.2x |
| Hainan Airlines | China | Airlines | CNY 2 | $23.5B | N/A | N/A |
| LATAM Airlines | Chile | Airlines | CLP 23 | $19.3B | 1.4x | 5.5x |
| Turkish Airlines | Turkey | Airlines | TRY 321 | $19.0B | 0.8x | 4.6x |
| Singapore Airlines | Singapore | Airlines | SGD 7 | $18.3B | 1.2x | 5.8x |
| Southwest Airlines | United States of America | Airlines | $32 | $18.1B | 0.6x | 8.6x |
| Lufthansa | Germany | Airlines | €7 | $16.8B | 0.4x | 3.4x |
| Korean Air | South Korea | Airlines | KRW 23750 | $16.3B | 1.0x | 5.1x |
| Cathay Pacific Airways | Hong Kong | Airlines | HKD 11 | $16.0B | 1.1x | 4.9x |
| Qantas Airways | Australia | Airlines | AUD 11 | $14.7B | 0.9x | 4.7x |
| Air France | France | Airlines | €12 | $11.4B | 0.3x | 2.1x |
| Alaska Air | United States of America | Airlines | $58 | $10.9B | 0.8x | 7.2x |
| ANA Holdings | Japan | Airlines | JPY 2964 | $10.2B | 0.6x | 4.3x |
| Japan Airlines | Japan | Airlines | JPY 3166 | $9.0B | 0.7x | 3.8x |
| Spring Airlines | China | Airlines | CNY 54 | $8.9B | 3.1x | 11.3x |
| Juneyao Airlines | China | Airlines | CNY 14 | $8.7B | 2.8x | 13.1x |
| JetBlue Airways | United States of America | Airlines | $5 | $8.2B | 0.9x | 19.8x |
| Air Canada | Canada | Airlines | CAD 19 | $8.1B | 0.5x | 3.3x |
| Wizz Air | United Kingdom of Great Britain and Northern Ireland | Airlines | £12 | $7.5B | 1.2x | 5.1x |
| Eva Airways | Taiwan | Airlines | TWD 39 | $6.5B | 0.9x | 3.2x |
| Azul | Brazil | Airlines | BRL 1 | $6.2B | 1.6x | 5.2x |
| Pegasus Airlines | Turkey | Airlines | TRY 230 | $6.1B | 1.9x | 6.3x |
| SkyWest | United States of America | Airlines | $104 | $6.1B | 1.6x | 6.4x |
| Copa Airlines | United States of America | Airlines | $116 | $5.8B | 1.6x | 5.1x |
| Gol Linhas Aereas | Brazil | Airlines | BRL 7 | $5.6B | 1.4x | 7.7x |
| China Airlines | Taiwan | Airlines | TWD 21 | $5.6B | 0.8x | 3.5x |
| Frontier Airlines | United States of America | Airlines | $5 | $5.5B | 1.5x | -172.7x |
| Vietnam Airlines | Viet Nam | Airlines | VND 38250 | $4.5B | 1.1x | 8.6x |
| VietJet Air | Viet Nam | Airlines | VND 142000 | $4.5B | 1.4x | 19.6x |
| easyJet | United Kingdom of Great Britain and Northern Ireland | Airlines | £5 | $4.2B | 0.3x | 2.1x |
| Air Arabia | United Arab Emirates | Airlines | AED 4 | $4.1B | 2.2x | 7.8x |
| Grupo Aeromexico | Mexico | Airlines | MXN 167 | $3.9B | N/A | N/A |
| Garuda Indonesia | Indonesia | Airlines | IDR 20 | $3.7B | N/A | N/A |
| STARLUX Airlines | Taiwan | Airlines | TWD 25 | $3.7B | 3.2x | 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 | 6.0x |
| Cebu Air | Philippines | Airlines | PHP 35 | $3.0B | 1.5x | 5.8x |
| Pal Holdings | Philippines | Airlines | PHP 4 | $2.8B | N/A | N/A |
| Virgin Australia Holdings | Australia | Airlines | AUD 3 | $2.4B | 0.6x | 3.4x |
| Allegiant Travel | United States of America | Airlines | $63 | $2.4B | 0.9x | 6.4x |
| Aegean Airlines | Greece | Airlines | €14 | $2.2B | 1.0x | 4.6x |
| Norwegian | Norway | Airlines | NOK 16 | $2.2B | 0.6x | 2.8x |
| El AL Israel Airlines | Israel | Airlines | ILS 15 | $2.0B | N/A | N/A |
| Asia Aviation | Thailand | Airlines | THB 1 | $1.9B | 1.3x | 7.1x |
| PIA Holding Company | Pakistan | Airlines | PKR 27 | $1.9B | N/A | N/A |
| Finnair | Finland | Airlines | €3 | $1.7B | 0.5x | 3.3x |
| Kenya Airways | Kenya | Airlines | KES 4 | $1.7B | N/A | N/A |
| Jazeera Airways | Kuwait | Airlines | KWD 1 | $1.4B | 1.9x | 9.2x |
| Bangkok Airways | Thailand | Airlines | THB 14 | $1.4B | 1.8x | 8.2x |
| Tigerair Taiwan | Taiwan | Airlines | TWD 88 | $1.2B | 2.2x | N/A |
| Capital A | Malaysia | Airlines | MYR 1 | $1.1B | 0.2x | 1.1x |
| Sun Country Airlines | United States of America | Airlines | $13 | $1.1B | 1.0x | 5.2x |
| Jeju Air | South Korea | Airlines | KRW 6650 | $967M | 0.8x | 7.9x |
| Norse Atlantic Airways | Norway | Airlines | NOK 9 | $930M | N/A | N/A |
| Spicejet | India | Airlines | INR 33 | $910M | 1.4x | 12.1x |
| Enter Air | Poland | Airlines | PLN 55 | $765M | 0.9x | 4.7x |
| T'way Air | South Korea | Airlines | KRW 1915 | $624M | 0.5x | 2.8x |
| Croatia Airlines | Croatia | Airlines | €4 | $576M | N/A | N/A |
| Air Busan | South Korea | Airlines | KRW 2020 | $544M | 0.8x | N/A |
| AirAsia X | Malaysia | Airlines | MYR 1 | $473M | 0.6x | 3.7x |
| flyExclusive | United States of America | Airlines | $5 | $390M | 1.2x | -7.5x |
| Surf Air | United States of America | Airlines, Urban Air Mobility | $4 | $251M | 2.3x | -5.6x |
| Jin Air | South Korea | Airlines | KRW 8450 | $201M | 0.2x | 1.3x |
| Air T | United States of America | Logistics & Air Freight, Airlines, Aircraft & Space Systems, Leasing & Rental Services | $26 | $196M | N/A | N/A |
| Mesa Airlines | United States of America | Airlines | $1 | $136M | N/A | N/A |
Valuation multiples as of last 12 months (LTM). Stock prices as of September 18, 2025. Financial data powered by Morningstar and FactSet.
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