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US Airlines Short '24: Discount
6 tickers · $22.19B total market cap
Group: US Airlines Short
Discount U.S. airlines are structurally disadvantaged in 2025 as labor costs converge with full-service peers, aircraft and maintenance constraints inhibit scale, and demand weakens among lower-income travelers. These carriers lack pricing power, face demographic headwinds from REAL ID implementation, and are losing share to legacy networks focused on premium passengers and operational tech leverage.
US Airlines Short '24: Discount tracks 6 publicly listed stocks in this theme: ALGT, EZJ.LSE, JBLU, LUV, ULCC, WIZZ.LSE. See the constituent table for details.
Thesis update: 2025-05-03
Constituents
Build 20260520T081747
| Company | Previous Quarter Report Date | Next Expected Report Date | Last Quarter Earnings Move % | Earnings Move % | Intra-Quarter Move % | Since Last Report % | Market cap | Weight |
|---|---|---|---|---|---|---|---|---|
Southwest Airlines Co.LUV | 04/22/2026 (BMO) | 04/22/2026 (BMO) | 16.30% | -7.75% | -13.89% | -1.06% | $18.26B | 16.6667 |
JetBlue Airways CorporationJBLU | 04/28/2026 (BMO) | 04/28/2026 (BMO) | -0.79% | -2.02% | -1.98% | -9.50% | $1.62B | 16.6667 |
Allegiant Travel CompanyALGT | 04/30/2026 (AMC) | 04/30/2026 (AMC) | 14.95% | 0.68% | -34.11% | -6.86% | $1.29B | 16.6667 |
Frontier Group Holdings, Inc.ULCC | 05/05/2026 (AMC) | 05/05/2026 (AMC) | -2.55% | 16.87% | -18.32% | -11.09% | $976.6M | 16.6667 |
easyJet plcEZJ.LSE | 11/25/2025 (AMC) | 05/21/2026 (AMC) | 3.15% | — | -26.71% | — | $34.2M | 16.6667 |
Wizz Air Holdings PlcWIZZ.LSE | 11/13/2025 | 06/10/2026 | -0.26% | — | -12.28% | — | $12.9M | 16.6667 |
| Average | 5.14% | 1.95% | -17.88% | -7.13% | $3.70B | 16.6667 | ||
| Median | 1.45% | -0.67% | -16.10% | -8.18% | $1.13B | 16.6667 | ||
| Std Dev | 7.62% | 9.14% | 10.34% | 3.82% | $6.54B | 0.0% | ||
| Min | -2.55% | -7.75% | -34.11% | -11.09% | $12.9M | 16.6667 | ||
| Max | 16.30% | 16.87% | -1.98% | -1.06% | $18.26B | 16.6667 | ||
| % Positive Tickers | 50.00% | 50.00% | 0.00% | 0.00% |
* Provisional value: before LstRpt% reaches its 2-day post-report lock window (BMO/AMC adjusted), EarningsPerf is calculated from current vs pre-report and then locks to final LstRpt%.