1 Delta Air Lines DAL 72 medium 18.3 0.9% $60.08B 2 Aena S.M.E. AENA.MC 75 low 18.4 3.8% $47.7B 3 United Airlines Holdings UAL 65 high 10.8 0.0% $38.46B 4 Ryanair Holdings RYA.IR 75 medium 15.3 1.5% $29.97B 5 International Consolidated Airlines Group IAG.MC 73 medium 7.7 1.8% $26.46B 6 InterGlobe Aviation INDIGO.NS 54 not measured Loss 0.0% $23.38B 7 Southwest Airlines LUV 65 high 21.8 1.6% $22.75B 8 Air China 601111.SS 33 not measured Loss 0.0% $19.23B 9 LATAM Airlines Group LTM 69 high 8.7 3.1% $14.05B 10 China Southern Airlines 600029.SS 34 not measured Loss 0.0% $14.02B 11 Aeroports de Paris ADP.PA 56 medium 19.4 3.3% $12.88B 12 Grupo Aeroportuario del Pacífico, S.A.B. de C.V. PAC 73 medium 23.8 0.0% $12.44B 13 Cathay Pacific Airways 0293.HK 62 not measured 7.2 5.8% $11.94B 14 Deutsche Lufthansa LHA.DE 52 high 11.0 3.7% $11.88B 15 China Eastern Airlines 600115.SS 31 not measured Loss 0.0% $11.78B 16 GMR Airports GMRAIRPORT.NS 49 not measured 215.2* 0.0% $11.49B 17 American Airlines Group AAL 49 high Loss 0.0% $9.34B 18 Japan Airlines 9201.T 70 not measured 13.6 2.9% $9.29B 19 Shanghai International Airport 600009.SS 54 not measured 24.5 2.2% $8.98B 20 ANA Holdings 9202.T 67 not measured 10.6 2.0% $8.77B 21 Korean Air Lines 003490.KS 46 not measured Loss 2.4% $8.68B 22 Grupo Aeroportuario del Sureste, S. A. B. de C. V. ASR 75 medium 15.2 5.1% $8.14B 23 EVA Airways 2618.TW 74 not measured 10.3 4.2% $7.83B 24 Hainan Airlines Holding 600221.SS 33 not measured Loss 0.0% $7.77B 25 Air China Cargo Co 001391.SZ 50 not measured 22.1 2.2% $7.36B 26 Fraport FRA.DE 56 medium 20.8 1.5% $7.07B 27 easyJet EJT1.DE 67 medium 12.5 1.9% $6.85B 28 Spring Airlines 601021.SS 50 not measured 23.4 1.9% $6.59B 29 Københavns Lufthavne KBHL.CO 56 medium 30.9 0.0% $6.52B 30 Copa Holdings CPA 75 medium 9.7 4.5% $6.08B 31 Joby Aviation JOBY 34 not measured Loss 0.0% $5.98B 32 Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. OMAB 79 low 18.5 4.8% $5.39B 33 Swiggy SWIGGY.NS 37 not measured Loss 0.0% $5.29B 34 Flughafen Wien FLU.VI 66 low 22.9 3.2% $4.85B 35 Alaska Air Group ALK 51 high Loss 0.0% $4.63B 36 Athens International Airport S. AIA.AT 68 low 19.6 5.5% $4.26B 37 Air France-KLM AF.PA 65 medium 3.0 0.0% $4.25B 38 Corporacion America Airports CAAP 69 medium 14.9 3.6% $4.12B 39 SkyWest SKYW 56 high 8.0 0.0% $3.25B 40 ENAV ENAV.MI 65 low 31.2 5.5% $3.19B 41 Allegiant Travel ALGT 52 high 47.8 0.0% $2.63B 42 Grupo Aeroméxico, S.A.B. de C.V. AERO 64 not measured 16.3 0.0% $2.6B 43 Frontier Group Holdings ULCC 44 not measured Loss 0.0% $1.86B 44 JetBlue Airways JBLU 33 high Loss 0.0% $1.52B 45 Norwegian Air Shuttle NAS.OL 54 medium 15.9* adjusted 11.2 5.9% $1.5B 46 Finnair FIA1S.HE 63 medium 8.7 1.6% $1.3B 47 Aegean Airlines AEGN.AT 58 medium 12.7 7.8% $1.16B 48 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. VLRS 49 high Loss 0.0% $997.78M 49 Republic Airways Holdings RJET 55 medium 10.1* adjusted 8.2 2.5% $997.65M 50 Azul AZUL 51 not measured 3.1 1.9% $992.05M 51 Toscana Aeroporti TYA.MI 58 medium 20.8 2.2% $356.2M 