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Small Cap Airlines
Stocks Ranked by
Market Capitalization

Name Market cap Price Price
change %
ULCC icon
1
Frontier Group Holdings
ULCC
$1.63B
$1.63B $7.09 9.58%
JBLU icon
2
JetBlue
JBLU
$1.34B
$1.34B $3.56 11.9%
AZUL icon
3
Azul S.A.
AZUL
$974M
$974M $4.86 10.2%
RJET icon
4
Republic Airways Holdings
RJET
$958M
$958M $20.50 7.27%
VLRS icon
5
Controladora Vuela Compania de Aviacion
VLRS
$854M
$854M $7.43 7.68%

Small Cap Airlines Stocks at a Glance

Airlines fly domestic and international passenger routes. High fixed costs and fuel exposure make margins hostage to load factors and fares; capacity discipline across the industry — not demand alone — decides whether profits survive the cycle.

There are 5 small cap Airlines stocks — companies in the Airlines industry with a market cap between $250M and $2B — worth a combined $5.76B.

The largest by market cap are Frontier Group Holdings (ULCC) at $1.63B, JetBlue (JBLU) at $1.34B and Azul S.A. (AZUL) at $974M.

Among institutional investors, Azul S.A. (AZUL) drew the most net new fund positions in Q2 2026: 43 funds opened new positions.

  • Combined market cap: $5.76B across 5 stocks.
  • Small Cap: market cap between $250M and $2B.
  • Largest constituent: Frontier Group Holdings (ULCC), $1.63B market cap.
  • Most net new fund positions in Q2 2026: Azul S.A. (AZUL), +43 holders.

Market caps and prices updated daily; fund activity based on aggregated SEC 13F filings for Q2 2026.