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Small Cap Airlines
Stocks Ranked by
Market Capitalization

Name Market cap Price Price
change %
JBLU icon
1
JetBlue
JBLU
$1.72B
$1.72B $4.55 0.44%
ULCC icon
2
Frontier Group Holdings
ULCC
$1.43B
$1.43B $6.20 1.31%
AZUL
3
Azul S.A.
AZUL
$1.22B
$1.22B $6.62 0.45%
RJET
4
Republic Airways Holdings
RJET
$903M
$903M $19.28 6.7%
VLRS
5
Controladora Vuela Compania de Aviacion
VLRS
$797M
$797M $6.93 1.02%

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 $6.06B.

The largest by market cap are JetBlue (JBLU) at $1.72B, Frontier Group Holdings (ULCC) at $1.43B and Azul S.A. (AZUL) at $1.22B.

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: $6.06B across 5 stocks.
  • Small Cap: market cap between $250M and $2B.
  • Largest constituent: JetBlue (JBLU), $1.72B 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.