Air Transportation, Scheduled stocks: intrinsic value, ROIC & growth
13 U.S. air transportation, scheduled companies with at least three years of SEC filings, ranked by size. 8 of the 8 with a current price trade below their Graham intrinsic value. The median company earned a 1.1% average return on invested capital and grew revenue 6.8% a year.
Updated October 18, 2026
13companies
8below Graham value
1.1%median 10-yr ROIC
6.8%median revenue CAGR
Most undervalued air transportation, scheduled stocks
| Ticker | Company | Upside | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| UAL | United Airlines Holdings | +61% | $96.10 | $154.35 | 38% below | $31.6B | 7.0% | 5.5% |
| SKYW | SKYWEST INC | +44% | $91.51 | $131.98 | 31% below | $3.8B | 4.9% | 3.2% |
| DAL | Delta Air Lines | +30% | $75.37 | $97.94 | 23% below | $49.3B | 11.9% | 5.4% |
Highest-ROIC air transportation, scheduled stocks
| Ticker | Company | 10-yr ROIC | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| DAL | Delta Air Lines | 11.9% | $75.37 | $97.94 | 23% below | $49.3B | 11.9% | 5.4% |
| LUV | Southwest Airlines | 10.1% | $39.50 | — | — | $22.0B | 10.1% | 3.7% |
| UAL | United Airlines Holdings | 7.0% | $96.10 | $154.35 | 38% below | $31.6B | 7.0% | 5.5% |
| ALGT | Allegiant Travel CO | 6.7% | $66.98 | $121.67 | 45% below | $1.2B | 6.7% | 7.0% |
| ULCC | Frontier Group Holdings, Inc. | 5.7% | $4.72 | $7.06 | 33% below | $1.1B | 5.7% | 6.8% |
| SKYW | SKYWEST INC | 4.9% | $91.51 | $131.98 | 31% below | $3.8B | 4.9% | 3.2% |
| JBLU | JETBLUE AIRWAYS CORP | 1.1% | $2.93 | $25.90 | 89% below | $1.1B | 1.1% | 3.6% |
All air transportation, scheduled stocks
| Ticker | Company | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|
| DAL | Delta Air Lines | $75.37 | $97.94 | 23% below | $49.3B | 11.9% | 5.4% |
| UAL | United Airlines Holdings | $96.10 | $154.35 | 38% below | $31.6B | 7.0% | 5.5% |
| LUV | Southwest Airlines | $39.50 | — | — | $22.0B | 10.1% | 3.7% |
| AAL | ANGLO AMERICAN PLC | $11.88 | — | — | $7.9B | -203.0% | 3.5% |
| SKYW | SKYWEST INC | $91.51 | $131.98 | 31% below | $3.8B | 4.9% | 3.2% |
| ALGT | Allegiant Travel CO | $66.98 | $121.67 | 45% below | $1.2B | 6.7% | 7.0% |
| ULCC | Frontier Group Holdings, Inc. | $4.72 | $7.06 | 33% below | $1.1B | 5.7% | 6.8% |
| JBLU | JETBLUE AIRWAYS CORP | $2.93 | $25.90 | 89% below | $1.1B | 1.1% | 3.6% |
| RJET | REPUBLIC AIRWAYS HOLDINGS INC. | $16.04 | $55.82 | 71% below | $652.1M | -0.2% | 9.7% |
| JETBF | Global Crossing Airlines Group Inc. | $0.61 | — | — | $38.9M | -36.6% | 103.8% |
| JETMF | Global Crossing Airlines Group Inc. | $0.58 | — | — | $37.2M | -36.6% | 103.8% |
| FJET | Starfighters Space, Inc. | $1.11 | — | — | $24.0M | -140.9% | — |
| FLYYQ | Spirit Aviation Holdings, Inc. | $0.02 | $103.36 | 100% below | $2.2M | -3.3% | 9.8% |
Stock lists
Undervalued Stocks Below Graham Intrinsic Value
Highest ROIC Stocks (10-Year Average)
Highest Free Cash Flow Yield Stocks
Fastest-Growing Stocks by 10-Year Revenue