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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
$1.75B
$1.75B $7.58 4.77%
AZUL
2
Azul S.A.
AZUL
$1.59B
$1.59B $8.65 0%
RJET
3
Republic Airways Holdings
RJET
$996M
$996M $21.28 1.57%
VLRS
4
Controladora Vuela Compania de Aviacion
VLRS
$925M
$925M $8.05 3.82%

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 4 small cap Airlines stocks — companies in the Airlines industry with a market cap between $250M and $2B — worth a combined $5.26B.

The largest by market cap are Frontier Group Holdings (ULCC) at $1.75B, Azul S.A. (AZUL) at $1.59B and Republic Airways Holdings (RJET) at $996M.

Among institutional investors, Controladora Vuela Compania de Aviacion (VLRS) drew the most net new fund positions in Q1 2026: 31 funds opened new positions, taking total fund holders up 19 (27%) quarter-over-quarter.

Market caps and prices updated daily; fund activity based on aggregated SEC 13F filings for Q1 2026.