Ranked by Revenues
Delta and IAG the only major global carriers to crack the top 15 in terms of margin. Japan Airlines and United come close
| Most Recent 12 Months | Rev (in $M) | |
|---|---|---|
| 1 | Delta | $46,205 |
| 2 | American | $45,393 |
| 3 | United | $42,862 |
| 4 | Lufthansa | $41,263 |
| 5 | Air France/KLM | $30,704 |
| 6 | IAG | $28,660 |
| 7 | Emirates | $26,242 |
| 8 | Southwest | $22,401 |
| 9 | China Southern | $22,033 |
| 10 | Air China | $19,933 |
| 11 | All Nippon | $18,886 |
| 12 | China Eastern | $17,531 |
| 13 | Air Canada | $14,371 |
| 14 | Cathay Pacific | $14,264 |
| 15 | Japan Airlines | $13,617 |
| 16 | Qatar Airways | $13,193 |
| 17 | Turkish Airlines | $12,934 |
| 18 | Qantas (6 jan-jun) | $12,840 |
| 19 | Singapore Airlines | $12,173 |
| 20 | Korean Air | $10,901 |
| 21 | Hainan Airlines | $10,462 |
| 22 | LATAM | $10,348 |
| 23 | Aeroflot | $9,599 |
| 24 | Ryanair | $9,267 |
| 25 | Alaska | $8,617 |
| 26 | easyJet | $8,033 |
| 27 | JetBlue | $8,030 |
| 28 | Thai Airways | $5,937 |
| 29 | EVA Air | $5,773 |
| 30 | Asiana | $5,641 |
| 31 | China Airlines | $5,514 |
| 32 | Norwegian | $5,108 |
| 33 | SAS | $4,975 |
| 34 | Avianca | $4,761 |
| 35 | IndiGo | $4,721 |
| 36 | Garuda | $4,694 |
| 37 | Air New Zealand | $4,260 |
| 38 | Virgin Australia | $4,166 |
| 39 | WestJet | $3,824 |
| 40 | Spirit | $3,724 |
| 41 | Vietnam Airlines | $3,700 |
| 42 | Air India | $3,618 |
| 43 | Aeromexico | $3,610 |
| 44 | AirAsia | $3,580 |
| 45 | Gol | $3,434 |
| 46 | Finnair | $3,399 |
| 47 | Philippine Airlines | $2,992 |
| 48 | Wizz Air | $2,934 |
| 49 | Hawaiian | $2,822 |
| 50 | Azul | $2,762 |
| 51 | Copa | $2,681 |
| 52 | Frontier | $2,406 |
| 53 | Juneyao | $2,366 |
| 54 | El Al | $2,153 |
| 55 | Spring Airlines | $2,110 |
| 56 | VietJet | $2,109 |
| 57 | Pegasus | $1,868 |
| 58 | Allegiant | $1,792 |
| 59 | Volaris | $1,699 |
| 60 | Cebu Pacific | $1,602 |
| 61 | SpiceJet | $1,532 |
| 62 | Icelandair | $1,484 |
| 63 | Aegean | $1,437 |
| 64 | Air Arabia | $1,263 |
| 65 | AirAsia X | $1,154 |
| 66 | Jin Air | $831 |
| 67 | Bangkok Air | $826 |
| 68 | Sun Country | $677 |
| 69 | VivaAerobus | $627 |
| 70 | Kenya Airways | $580 |
| 71 | Air Mauritius | $574 |
| 72 | Comair | $502 |
| 73 | Nok Air | $399 |
| 74 | Jazeera | $338 |