Airline Stocks
Top 10 of 49 JETS holdings, updated
As of 12 October 2026, airline stocks are trailing the S&P 500, over the past month and over the longer run. JETS trails the S&P 500 by 6.1 points over one month and ranks #75 of 115 groups Zensei tracks. 10 of the 25 airline stocks Zensei prices in JETS beat the fund this month.
Where airline stocks stand now
As of 12 October 2026, Airlines (JETS) ranks #75 of the 115 groups Zensei tracks by one-month return against the S&P 500. It is out of favor: it trails the S&P 500 on both rotation windows — 6.1 points behind over the past month and 11.8 points behind over the longer, time-shifted window. That is the Underperformers quadrant.
On the shorter tape, JETS's momentum is weakening: the intraday trend that carried the move is cooling across the shorter windows. JETS's relative-strength line has broken below its long-term average — the long-term outperformance trend is no longer intact. Both signals point the same direction here: the market is not rewarding this group on either horizon.
The exposure comes via U.S. Global Jets ETF, whose 49 tracked holdings are led by Southwest Airlines Co, Delta Air Lines Inc and United Airlines Holdings Inc. Weighted by portfolio, the fund's holdings trade at roughly 15.5× earnings. The thing to watch from here is the one-month spread: underperformers only become interesting when the recent window turns positive first — until then, the market is voting elsewhere.
Top airline stocks right now
The largest airline stocks by weight in JETS, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Largest by fund weight
Share of JETS
- 1Southwest Airlines CoLUV11.5%
- 2Delta Air Lines IncDAL11.2%
- 3United Airlines Holdings IncUAL11.0%
- 4American Airlines Group IncAAL10.8%
- 5Frontier Group Holdings IncULCC3.8%
Strongest this month
1-month return, holdings Zensei prices
- 1Copa Holdings SACPA+4.8%
- 2Southwest Airlines CoLUV+3.9%
- 3Frontier Group Holdings IncULCC+1.1%
- 4Delta Air Lines IncDAL+0.3%
- 5Trip.Com Group LtdTCOM−0.7%
Airline Stocks vs the S&P 500
Over the week to 12 October 2026, JETS fell 3.1% while the S&P 500 rose 0.4%. JETS and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means JETS won that window.
Prices as of · computed from daily adjusted closes · how we measure
Airlines on the rotation map, against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window.
Are airline stocks expensive?
The price-to-earnings ratio of JETS as a whole: the total price of its holdings over their total earnings, weighted by share of the fund. Holdings that lose money are left out.
JETS holdings: the airline stocks inside
As of 12 October 2026, 10 of the 25 airline stocks Zensei prices in JETS beat the fund over the past month. 2 of them beat the S&P 500. The strongest is Copa Holdings SA (CPA); the weakest is Air Canada (ACDVF). Inside the fund, the holdings split between winners and losers.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | LUVSouthwest Airlines Co | 11.5% | +3.9% | −14.5% | +8.0 pts | Cruising | Strong |
| 2 | DALDelta Air Lines Inc | 11.2% | +0.3% | −7.1% | +4.3 pts | Weak | Holding |
| 3 | UALUnited Airlines Holdings Inc | 11.0% | −4.9% | −13.8% | −0.8 pts | Weak | Broken |
| 4 | AALAmerican Airlines Group Inc | 10.8% | −3.0% | −22.6% | |||
| 5 | ULCCFrontier Group Holdings Inc | 3.8% | +1.1% | −13.5% | |||
| 6 | SKYWSkywest Inc | 3.6% | −1.2% | −2.8% | |||
| 7 | ALGTAllegiant Travel Co | 3.5% | −4.7% | −30.2% | |||
| 8 | ALKAlaska Air Group Inc | 3.5% | −7.5% | −18.7% | |||
| 9 | JBLUJetblue Airways Corp | 3.3% | −17.7% | −35.4% | |||
| 10 | ACDVFAir Canada | 3.2% | −20.2% | −5.0% |
All 49 JETS holdings by weight: Southwest Airlines Co (LUV) 11.5%, Delta Air Lines Inc (DAL) 11.2%, United Airlines Holdings Inc (UAL) 11.0%, American Airlines Group Inc (AAL) 10.8%, Frontier Group Holdings Inc (ULCC) 3.8%, Skywest Inc (SKYW) 3.6%, Allegiant Travel Co (ALGT) 3.5%, Alaska Air Group Inc (ALK) 3.5%, Jetblue Airways Corp (JBLU) 3.3%, Air Canada (ACDVF) 3.2%, Bombardier Inc Registered Shs -B- Subord Vtg 2.0%, Textron Inc (TXT) 1.9%, Expedia Group Inc (EXPE) 1.9%, Tripadvisor Inc (TRIP) 1.9%, Boeing Co (BA) 1.8%, General Dynamics Corp (GD) 1.8%, Booking Holdings Inc (BKNG) 1.8%, Sabre Corp (SABR) 1.8%, International Consolidated Airlines Group SA 1.0%, Ryanair Holdings PLC (RYAAY) 1.0%, Trip.Com Group Ltd (TCOM) 1.0%, Aena Sme SA 1.0%, Japan Airlines Co Ltd 1.0%, Qantas Airways Ltd 0.9%, Latam Airlines Group SA (LTM) 0.9%, Turk Hava Yollari Ao 0.9%, Airbus SE 0.9%, Amadeus It Group SA 0.9%, El Al Israel Airlines Ltd 0.6%, Air China Ltd 0.5%, Copa Holdings SA (CPA) 0.5%, Cathay Pacific Airways Ltd 0.5%, Ana Holdings Inc 0.5%, China Southern Airlines Co Ltd 0.5%, Embraer SA (EMBJ) 0.5%, Singapore Airlines Ltd 0.5%, Makemytrip Ltd (MMYT) 0.5%, China Eastern Airlines Corp Ltd 0.5%, Airports of Thailand PLC 0.5%, Grupo Aeroportuario Del Pacifico Sab de Cv 0.5%, Sats Ltd 0.5%, Deutsche Lufthansa AG 0.5%, Grupo Aeroportuario Del Centro Norte Sab de Cv (OMAB) 0.5%, Air France-Klm 0.5%, Tongcheng Travel Holdings Ltd 0.5%, Norwegian Air Shuttle ASA 0.5%, Grupo Aeroportuario Del Sureste Sab de Cv (ASR) 0.4%, Pegasus Hava Tasimaciligi As 0.4%, Turkish Lira 0.0%.
Airline Stocks: common questions
What are the top 3 airline stocks?
As of 12 October 2026, the three largest airline stocks in JETS by fund weight are Southwest Airlines Co (LUV) (11.5%), Delta Air Lines Inc (DAL) (11.2%) and United Airlines Holdings Inc (UAL) (11.0%). Fund weight shows size inside the fund, not a recommendation.
Which airline stocks are beating the sector?
As of 12 October 2026, 10 of the 25 airline stocks Zensei prices in JETS beat the fund over the past month. The strongest over the past month is Copa Holdings SA (CPA). The list above shows every holding with its weight and returns.
Are airline stocks outperforming the S&P 500?
No. As of 12 October 2026, JETS trails the S&P 500 by 6.1 points over the past month.
Is it a good time to invest in airline stocks?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, airline stocks are behind the S&P 500 on both the recent and the longer window. The rotation map and the read on this page show whether that trend is building or fading.
What is JETS?
JETS is U.S. Global Jets ETF. Zensei uses it to measure airline stocks against the S&P 500 (SPY).
What stocks does JETS own?
As of 12 October 2026, the largest of the 49 positions Zensei tracks in JETS are Southwest Airlines Co, Delta Air Lines Inc, United Airlines Holdings Inc, American Airlines Group Inc, Frontier Group Holdings Inc. Each position measured against the fund, with momentum and relative strength, is part of Zensei Premium.
What quadrant is airlines in right now?
As of 12 October 2026, airlines is in the Underperformers quadrant — trailing the S&P 500 on both windows. The Zensei methodology page explains the quadrants.
Recent changes
- ·First tracked: trailing the market
Related sectors
Track airlines against the whole market
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