US Airlines:
| Rank | Airline | Market Share | Business Strategy | Future Outlook | Valuation | Listed |
|---|---|---|---|---|---|---|
| 1 | American Airlines | 17.5% | Extensive domestic and international networks with a hub-and-spoke model. | Strong travel demand and co-branded credit card profitability. | Market Cap: $11.28 billion | Public |
| 2 | Delta Air Lines | 17.3% | Focus on premium products, customer service, and global partnerships. | Continued growth through deleveraging and operational efficiency. | Market Cap: $40.96 billion | Public |
| 3 | Southwest Airlines | 17.4% | Point-to-point model with a focus on low fares and high-frequency short-haul routes. | Profitability driven by capacity reductions and pricing improvements. | Market Cap: $19.55 billion | Public |
| 4 | United Airlines | 15.6% | Comprehensive global network with a focus on corporate travel and fleet modernization. | Record holiday travel and share buybacks drive strong performance. | Market Cap: $32.54 billion | Public |
| 5 | Alaska Airlines | 5.3% | Focus on West Coast dominance, customer-centric services, and loyalty programs. | Strategic expansion into international markets like Seattle as a global gateway. | Market Cap: $6.738 billion | Public |
| 6 | JetBlue Airways | 5.5% | Low-cost travel with emphasis on customer experience and limited international routes. | Challenges in recovery; focus on cost control and strategic partnerships. | Market Cap: $2.067 billion | Public |
| 7 | Spirit Airlines | 4.0% | Ultra-low-cost carrier targeting leisure travelers with a la carte pricing. | Bankruptcy proceedings; potential restructuring or acquisitions critical for recovery. | Market Cap: $1.85 billion | Public |
| 8 | Frontier Airlines | 3.0% | Ultra-low-cost model with domestic routes targeting leisure destinations. | Focused on profitability over expansion with improved capacity management. | Market Cap: $1.02 billion | Public |
| 9 | Allegiant Air | 2.5% | Serves underserved markets with low-frequency, low-cost flights targeting leisure travelers. | Stable outlook with expectations for EBITDAR growth over the next three years. | Market Cap: $2.09 billion | Public |
| 10 | Hawaiian Airlines | 1.8% | Niche focus on flights between Hawaii and the U.S. mainland, as well as international routes in the Pacific. | Recovery from pandemic-related losses; growth driven by increasing tourism demand and strategic partnerships. | Market Cap: $1.12 billion | Public |
Note: Outlook as of Dec, 2024