Revenue Growth Benchmarks
Top-line performance metrics of companies across industries and countries
Top 50 Global Airlines
Of the top 50 global airlines, 16 have accomplished remarkable YoY revenue growth of over 50%. Notably, 5 of these are Asian airlines, contributing significantly to the region's prominence in industry growth. Furthermore, within this subset, 9 airlines have exceeded expectations with extraordinary YoY revenue growth surpassing 100%.
[ 1: LTM Sales in USD Biliion | Red Shading: Companies with negative growth in period | Green Shading: Top 15 companies by growth rank in period ]
| Company | HQ | Reported | Latest | LTM | year-on-year % | CAGR | Growth Rank | ||||||||||||
| Currency | FQ | Sales1 | 3m | 6m | 9m | ltm | 1y | 2y | 3y | 5y | 6m | LTM | 3ycagr | 5ycagr | |||||
| Delta Air Lines Inc | USA | USD | 2023-12 | 58.05 | 5.9% | 8.4% | 9.8% | 14.8% | 14.8% | 39.3% | 50.3% | 5.5% | 35 | 36 | 9 | 12 | |||
| United Airlines Holdings Inc | USA | USD | 2023-12 | 53.72 | 9.9% | 11.2% | 13.1% | 19.5% | 19.5% | 47.7% | 51.8% | 5.4% | 30 | 30 | 8 | 13 | |||
| American Airlines Group Inc | USA | USD | 2023-12 | 52.79 | -1.0% | -0.4% | 1.3% | 7.8% | 7.8% | 32.9% | 44.9% | 3.5% | 43 | 43 | 12 | 20 | |||
| Deutsche Lufthansa AG | DEU | EUR | 2023-12 | 38.36 | 4.8% | 6.4% | 9.8% | 14.7% | 14.7% | 45.2% | 37.7% | -0.1% | 37 | 37 | 18 | 32 | |||
| Air France-KLM | FRA | EUR | 2023-09 | 31.79 | 6.7% | 9.9% | 17.4% | 23.4% | 84.4% | 54.3% | -1.0% | 0.4% | 33 | 28 | 36 | 30 | |||
| Southwest Airlines Co | USA | USD | 2023-12 | 26.09 | 10.5% | 7.7% | 6.6% | 9.6% | 9.6% | 28.5% | 42.3% | 3.5% | 36 | 39 | 15 | 19 | |||
| Turk Hava Yollari AO | TUR | TRY | 2023-09 | 20.69 | 53.6% | 55.5% | 61.3% | 85.9% | 212.9% | 144.6% | 61.4% | 50.5% | 10 | 6 | 2 | 1 | |||
| China Southern Airlines Co Ltd | CHN | CNY | 2023-09 | 19.34 | 62.4% | 75.5% | 70.3% | 46.2% | -14.3% | -3.0% | -17.4% | -7.3% | 7 | 12 | 42 | 41 | |||
| Air China Ltd | CHN | CNY | 2023-09 | 16.49 | 152.9% | 175.6% | 150.6% | 96.6% | -29.0% | -12.8% | -27.0% | -15.3% | 2 | 3 | 47 | 47 | |||
| Air Canada | CAN | CAD | 2023-12 | 16.17 | 10.6% | 15.2% | 21.2% | 31.9% | 31.9% | 84.7% | 55.3% | 3.9% | 25 | 21 | 4 | 18 | |||
| ANA Holdings Inc | JPN | JPY | 2023-12 | 14.21 | 15.6% | 19.2% | 22.6% | 29.3% | 67.3% | 53.1% | -4.7% | -2.8% | 19 | 22 | 39 | 38 | |||
| Singapore Airlines Ltd | SGP | SGD | 2023-12 | 13.97 | 4.9% | 4.6% | 7.4% | 19.2% | 133.4% | 115.8% | 3.6% | 2.4% | 39 | 31 | 34 | 25 | |||
| Qantas Airways Ltd | AUS | AUD | 2023-12 | 13.75 | na | 12.1% | na | 32.1% | 124.4% | 84.7% | 11.6% | 3.3% | 28 | 20 | 30 | 21 | |||
| China Eastern Airlines Corp Ltd | CHN | CNY | 2023-09 | 13.59 | 118.9% | 172.9% | 138.6% | 89.8% | -31.3% | -11.3% | -27.5% | -14.6% | 3 | 5 | 48 | 46 | |||
| Ryanair Holdings PLC | IRL | EUR | 2023-12 | 12.75 | -32.8% | 15.2% | 21.6% | 27.2% | 124.4% | 156.7% | 8.2% | 8.5% | 24 | 23 | 33 | 8 | |||
| Korean Air Lines Co Ltd | KOR | KRW | 2023-12 | 12.34 | 13.2% | 10.9% | 11.7% | 14.3% | 14.3% | 33.7% | 28.4% | 4.4% | 31 | 38 | 22 | 17 | |||
| LATAM Airlines Group SA | CHL | CLP | 2023-12 | 11.66 | 20.6% | 15.5% | 12.5% | 18.5% | 25.2% | 55.0% | 52.6% | 8.1% | 23 | 33 | 7 | 10 | |||
| Japan Airlines Co Ltd | JPN | JPY | 2023-12 | 11.55 | 10.7% | 17.8% | 24.2% | 36.1% | 101.5% | 69.1% | -0.2% | -0.1% | 21 | 18 | 35 | 33 | |||
| Alaska Air Group Inc | USA | USD | 2023-12 | 10.43 | 3.0% | 1.6% | 3.3% | 8.1% | 8.1% | 29.9% | 43.0% | 4.8% | 41 | 41 | 14 | 15 | |||
| easyJet PLC | GBR | GBP | 2023-09 | 10.05 | na | 28.4% | na | 41.6% | 41.6% | 136.7% | 39.5% | 6.7% | 14 | 15 | 17 | 11 | |||
| Cathay Pacific Airways Ltd | HKG | HKD | 2023-12 | 12.07 | na | 56.7% | na | 85.1% | 85.1% | 44.0% | 26.3% | -3.2% | 9 | 7 | 25 | 39 | |||
| JetBlue Airways Corp | USA | USD | 2023-12 | 9.62 | -3.7% | -6.0% | -1.8% | 5.0% | 5.0% | 26.2% | 48.1% | 4.7% | 48 | 45 | 10 | 16 | |||
| International Consolidated Airlines | ESP | GBP | 2023-12 | 8.22 | na | -100.0% | na | -38.6% | 26.5% | 87.9% | 53.1% | 3.1% | 50 | 50 | 6 | 23 | |||
| InterGlobe Aviation Ltd | IND | INR | 2023-12 | 7.90 | 30.3% | 25.4% | 26.8% | 35.1% | 110.0% | 95.7% | 15.5% | 19.3% | 15 | 19 | 27 | 2 | |||
| Hainan Airlines Holding Co Ltd | CHN | CNY | 2023-09 | 7.22 | 149.6% | 171.8% | 149.6% | 99.7% | -32.8% | -11.8% | -31.9% | -17.5% | 4 | 2 | 49 | 48 | |||
| Aeroflot Russian Airlines PJSC | RUS | RUB | 2023-12 | 7.09 | 28.0% | 67.6% | 45.1% | 17.1% | 48.1% | 11.6% | 26.5% | 0.0% | 8 | 34 | 24 | 31 | |||
| Wizz Air Holdings PLC | JEY | GBP | 2023-12 | 6.11 | 16.5% | 25.2% | 32.5% | 41.1% | 147.2% | 132.8% | 11.7% | 15.0% | 16 | 17 | 28 | 4 | |||
| Eva Airways Corp | TWN | TWD | 2023-12 | 6.44 | 37.1% | 43.8% | 44.4% | 45.1% | 45.1% | 38.9% | 31.0% | 2.2% | 11 | 13 | 21 | 26 | |||
| China Airlines Ltd | TWN | TWD | 2023-12 | 5.94 | 21.3% | 23.9% | 25.2% | 22.6% | 22.6% | 15.4% | 17.0% | 1.6% | 18 | 29 | 26 | 27 | |||
| Asiana Airlines Inc | KOR | KRW | 2023-09 | 5.56 | 19.3% | 18.6% | 24.6% | 23.5% | 43.0% | 26.5% | -3.4% | -1.2% | 20 | 27 | 37 | 35 | |||
| Spirit Airlines Inc | USA | USD | 2023-12 | 5.36 | -5.0% | -5.6% | -2.2% | 5.8% | 5.8% | 28.8% | 43.6% | 10.0% | 47 | 44 | 13 | 7 | |||
| Air New Zealand Ltd | NZL | NZD | 2023-12 | 4.12 | na | 12.8% | na | 46.3% | 131.5% | 58.6% | 9.4% | 2.9% | 27 | 11 | 32 | 24 | |||
| SAS AB | SWE | SEK | 2024-01 | 4.06 | 13.0% | 12.9% | 25.8% | 26.0% | 32.1% | 73.6% | 27.0% | -1.2% | 26 | 26 | 23 | 36 | |||
| Viet Nam Airlines JSC | VNM | VND | 2023-09 | 3.65 | 11.4% | 11.8% | 32.3% | 44.2% | 152.3% | 31.8% | -10.5% | na | 29 | 14 | 40 | - | |||
| Frontier Group Holdings Inc | USA | USD | 2023-12 | 3.59 | -1.7% | -2.1% | 0.7% | 7.9% | 7.9% | 32.0% | 42.1% | 10.7% | 44 | 42 | 16 | 6 | |||
| Azul SA | BRA | BRL | 2023-09 | 3.57 | 12.3% | 10.5% | 18.7% | 18.9% | 59.9% | 66.6% | 11.7% | 15.7% | 32 | 32 | 29 | 3 | |||
| Copa Holdings SA | PAN | USD | 2023-12 | 3.46 | 3.0% | 5.0% | 8.4% | 16.7% | 16.7% | 51.4% | 62.9% | 5.3% | 38 | 35 | 1 | 14 | |||
| Finnair Oyj | FIN | EUR | 2023-12 | 3.23 | 5.8% | 9.8% | 17.2% | 26.8% | 26.8% | 88.8% | 53.3% | 1.1% | 34 | 24 | 5 | 29 | |||
| Controladora Vuela Compania de Aviacion | MEX | MXN | 2023-12 | 3.21 | -1.5% | -4.0% | -2.6% | 0.8% | 2.8% | 9.4% | 37.5% | 14.8% | 45 | 47 | 19 | 5 | |||
| Pal Holdings Inc | PHL | PHP | 2023-09 | 3.15 | 16.6% | 24.6% | 37.6% | 41.6% | 137.2% | 58.7% | -3.4% | 1.5% | 17 | 16 | 38 | 28 | |||
| SkyWest Inc | USA | USD | 2023-12 | 2.94 | 10.4% | 3.2% | -1.2% | -2.3% | -2.3% | 4.0% | 11.3% | -1.8% | 40 | 48 | 31 | 37 | |||
| PT Garuda Indonesia (Persero) Tbk | IDN | IDR | 2023-09 | 2.85 | 36.0% | 43.1% | 51.6% | 54.2% | 73.2% | 25.3% | -19.6% | -10.2% | 12 | 9 | 44 | 45 | |||
| Gol Linhas Aereas Inteligentes SA | BRA | BRL | 2023-12 | 2.75 | -100.0% | -46.6% | -26.4% | -9.7% | -100.0% | -100.0% | -100.0% | -100.0% | 49 | 49 | 50 | 49 | |||
| Hawaiian Holdings Inc | USA | USD | 2023-12 | 2.72 | -8.5% | -5.1% | -2.8% | 2.8% | 2.8% | 30.4% | 47.6% | -0.9% | 46 | 46 | 11 | 34 | |||
| Capital A Bhd | MYS | MYR | 2023-09 | 2.68 | 115.8% | 115.4% | 133.9% | 146.9% | 282.5% | 40.2% | -18.4% | -7.9% | 6 | 1 | 43 | 42 | |||
| Allegiant Travel Co | USA | USD | 2023-12 | 2.51 | -0.1% | 0.4% | 3.2% | 9.0% | 9.0% | 21.2% | 36.4% | 8.5% | 42 | 40 | 20 | 9 | |||
| Juneyao Airlines Co Ltd | CHN | CNY | 2023-09 | 2.50 | 112.8% | 185.8% | 144.8% | 92.9% | -30.2% | -9.8% | -21.2% | -7.9% | 1 | 4 | 45 | 43 | |||
| El AL Israel Airlines Ltd | ISR | ILS | 2023-12 | 2.47 | 20.9% | 15.7% | 17.6% | 26.0% | 26.0% | 70.9% | 59.0% | 3.2% | 22 | 25 | 3 | 22 | |||
| Norwegian Air Shuttle ASA | NOR | NOK | 2023-09 | 2.36 | 23.3% | 30.6% | 41.2% | 49.5% | 272.3% | 44.0% | -24.3% | -9.4% | 13 | 10 | 46 | 44 | |||
| Spring Airlines Co Ltd | CHN | CNY | 2023-09 | 2.25 | 105.8% | 141.2% | 113.5% | 79.8% | -22.9% | -5.5% | -17.3% | -5.3% | 5 | 8 | 41 | 40 | |||
| Source: Annual Filings, Company Website | |||||||||||||||||||