| 1 | LON: IAG | International Consolidated Airlines Group S.A. | 5.51% |
| 2 | ASX: QAN | Qantas Airways Limited | 5.25% |
| 3 | LON: EZJ | easyJet plc | 5.21% |
| 4 | TSX: AC | Air Canada | 5.00% |
| 5 | RYAAY | Ryanair Holdings plc | 4.89% |
| 6 | ETR: LHA | Deutsche Lufthansa AG | 4.88% |
| 7 | TYO: 9201 | Japan Airlines Co., Ltd. | 4.85% |
| 8 | SGX: C6L | Singapore Airlines Limited | 4.55% |
| 9 | CPA | Copa Holdings, S.A. | 4.33% |
| 10 | JBLU | JetBlue Airways Corporation | 4.25% |
| 11 | TSX: EIF | Exchange Income Corporation | 4.25% |
| 12 | LON: WIZZ | Wizz Air Holdings Plc | 4.23% |
| 13 | UAL | United Airlines Holdings, Inc. | 4.18% |
| 14 | LUV | Southwest Airlines Co. | 4.10% |
| 15 | SKYW | SkyWest, Inc. | 4.04% |
| 16 | DAL | Delta Air Lines, Inc. | 4.01% |
| 17 | TYO: 9202 | ANA Holdings Inc. | 3.97% |
| 18 | AAL | American Airlines Group Inc. | 3.73% |
| 19 | ALK | Alaska Air Group, Inc. | 3.69% |
| 20 | EPA: AF | Air France-KLM SA | 3.17% |
| 21 | TLV: ELAL | El Al Israel Airlines Ltd. | 2.52% |
| 22 | OSL: NAS | Norwegian Air Shuttle ASA | 2.46% |
| 23 | ALGT | Allegiant Travel Company | 2.14% |
| 24 | HKG: 0293 | Cathay Pacific Airways Limited | 1.94% |
| 25 | SNCY | Sun Country Airlines Holdings, Inc. | 0.98% |
| View AIRL holdings |