U.S. passenger airlines Market-Risk Comparison

Descriptive market-risk statistics — not investment advice; past performance does not indicate future results. This companion page uses lmfin computations from a pinned Yahoo adjusted-close window. It is not a rating, recommendation, endorsement, forecast, or investment judgment. See Disclaimer.

Window: 3y ending 2026-06-30. Benchmark: SPY.

Member return/risk statistics

For U.S. passenger airlines, lmfin computes each included member's Sharpe ratio, beta vs SPY, annualized volatility, annualized return, and maximum drawdown over the pinned price window. The table below substitutes those values from the frozen pack.

PCA factor structure

lmfin's PCA run computes PC1 variance 71.96% and PC2 variance 10.04% from the aligned member return matrix. Loadings are reported as numeric factor coefficients, not as quality judgments.

Beta figure

Comparison table

Ticker	Sharpe	Beta	Annualized volatility	Annualized return	Max drawdown
DAL	0.69	1.61	40.69%	31.99%	-47.92%
UAL	0.78	1.86	49.31%	42.38%	-49.19%
AAL	0.16	1.63	47.46%	11.36%	-51.76%
LUV	0.45	1.21	40.73%	22.22%	-42.94%
ALK	0.13	1.59	46.24%	9.97%	-55.37%
JBLU	0.07	1.67	67.80%	8.55%	-63.24%

PCA summary

PC1 variance explained: 71.96%. PC2 variance explained: 10.04%.

Ticker	PC1 loading	PC2 loading
DAL	0.44	-0.33
UAL	0.44	-0.29
AAL	0.43	-0.14
LUV	0.38	0.28
ALK	0.41	-0.14
JBLU	0.34	0.83

Pair check

Pair	Cointegrated?	OLS hedge ratio	R-squared	Spread z-score
No pair check stored for this cluster.

Provenance

lmfin: lmfin 0.1.0. PCA command: lmfin factors DAL UAL AAL LUV ALK JBLU --window 3y --end 2026-06-30 --json. Price source: yahoo; price field: adjusted_close; window start: 2023-07-03; window end: 2026-06-30. Performance, PCA, and pair statistics are lmfin computations from Yahoo adjusted-close data over the pinned window. Descriptive data, not advice.