Airline Scorecards
Q4 2026 in progress (estimates) · United, Delta, American, Southwest and JetBlue · how it is measured
See the quarter before the airline reports. Each Scorecard sets the flights an airline actually flew this quarter, with their seats and seat-miles, against the same days last year and against the airline's own capacity guidance, next to its Demand Index.
Schedules show what was planned; the Scorecard shows what flew. TSA tells you America is flying; the Scorecard shows whether each airline is flying what it said it would.
United Airlines
Q4 2026 guide: ASMs flat to +2% (last stated)
Q4 2026 in progress: Pro+ · release expected around Jan 19, 2027
Q3 2026 reported Oct 20, 2026: open to Pro
Delta Air Lines
Q4 2026 guide: seats less than 2%
Q4 2026 in progress: Pro+ · release expected around Jan 12, 2027
Q3 2026 reported Oct 9, 2026: open to Pro
American Airlines
Q4 2026 guide: ASMs +5.5% to +6.5%
Q4 2026 in progress: Pro+ · release expected around Jan 26, 2027
Q3 2026 reported Oct 22, 2026: open to Pro
JetBlue
Q4 2026 guide: ASMs +3% to +4%
Q4 2026 in progress: Pro+ · release expected around Jan 26, 2027
Q3 2026 reported Oct 26, 2026: open to Pro
Southwest Airlines
Q4 2026 guide: ASMs +3% to +4%
Q4 2026 in progress: Pro+ · release expected around Jan 27, 2027
Q3 2026 reported Oct 21, 2026: open to Pro
Alaska Air Group
Q4 2026 guide: ASMs +1% to +1.5%
Q4 2026 in progress: Pro+ · release expected around Jan 21, 2027
Q3 2026 reported Oct 20, 2026: open to Pro
Frontier Airlines
Q4 2026 guide: ASMs +5% to +6%
Q4 2026 in progress: Pro+ · release expected around Feb 10, 2027
Q3 2026 reported Oct 28, 2026: open to Pro
Allegiant and Sun Country
Q4 2026 guide: ASMs about +0%
Q4 2026 in progress: Pro+ · release expected around Feb 3, 2027
Q3 2026 reported Nov 4, 2026: open to Pro
How the airline quarter opens up
Applies to everything broken down by airline: the Scorecards and each airline's demand index. Airport totals across all airlines are daily, weekly and monthly in Pro.
Capacity guidance for Q4 2026
| Airline | Measure | Guide | Scope | Date | Source |
|---|---|---|---|---|---|
| United | ASMs | flat to +2% | system | Apr 21, 2026 (last stated) | Release |
| Delta | seats | less than 2% | system | Oct 9, 2026 | Release |
| American | ASMs | +5.5% to +6.5% | system | Oct 22, 2026 | Release |
| JetBlue | ASMs | +3% to +4% | system | Oct 26, 2026 | Release |
| Southwest | ASMs | +3% to +4% | system | Oct 21, 2026 | Release |
| Alaska | ASMs | +1% to +1.5% | system | Oct 20, 2026 | Release |
| Frontier | ASMs | +5% to +6% | system | Oct 28, 2026 | Release |
| Allegiant | ASMs | about +0% | system | Nov 4, 2026 | Release |
Delta guided on seats, without a seat-mile figure. United gave no capacity figure in its Q3 2026 release; its last numeric guide (April) is shown as last stated, with no verdict. Allegiant guided Allegiant and Sun Country combined; its Scorecard counts Allegiant's own flights, so the guide is shown with no verdict.
Published accuracy
Before any "vs guide" line, the scope is backtested: for every quarter since 2023, seat-miles rebuilt from BTS T-100 with regional partners assigned to the airline that sells the seats, against the growth each airline reported. A line is shown only where the gap was stable (at least 8 quarters, standard deviation of 1 point or less, no quarter more than 2 points off).
| Airline | Scope | Correlation | Quarters | Average gap | Gap sd (pts) | Demand index corr |
|---|---|---|---|---|---|---|
| United | To and from the US | 1.000 | 14 | -0.02 pts | 0.09 | 0.94 |
| United | Domestic | 0.988 | 14 | -0.29 pts | 0.69 | |
| Delta | To and from the US | 1.000 | 14 | +0.03 pts | 0.08 | 0.91 |
| Delta | Domestic | 0.994 | 14 | +0.06 pts | 0.39 | |
| American | To and from the US | 1.000 | 14 | +0.03 pts | 0.08 | 0.95 |
| American | Domestic | 0.993 | 14 | +0.03 pts | 0.26 | |
| JetBlue | To and from the US | 1.000 | 14 | -0.02 pts | 0.12 | 0.95 |
| Southwest | To and from the US | 1.000 | 14 | +0.00 pts | 0.00 | 0.92 |
| Alaska | To and from the US | 0.999 | 8 | -0.06 pts | 0.06 | 0.85 |
| Frontier | To and from the US | 1.000 | 14 | -0.00 pts | 0.05 | 0.89 |
| Allegiant | To and from the US | 0.998 | 14 | -0.09 pts | 0.45 | 0.91 |
This proves the scope. Our own seat estimates for the current year are checked against BTS as each month is published. Alaska, Frontier and Allegiant's demand indexes are capacity-led (their seat growth) and are shown with their numbers.
Coverage and method
- Seats
- Each flight's seats are estimated from its aircraft type and the seats airlines fly on that type (BTS T-100, latest 12 months); seat-miles are seats times the great-circle distance. The share of flights without a seat estimate is shown with the figures.
- Airline
- Flights are counted with the airline that sells the seats: SkyWest, Republic, Envoy, PSA, Endeavor and the other regional partners count with United, Delta or American as they fly for them.
- Scope
- Domestic: flights between US airports, each once. To and from the US: domestic plus international flights departing or arriving at US airports; flying wholly outside the US is not included. The international part is marked provisional until it has been checked against BTS T-100 for the airline.
- Last year
- Each day is compared with the same weekday a year earlier: domestic flights from BTS On-Time with the same seat method, international seat-miles from BTS T-100 for that quarter, split by month in the airline's own T-100 pattern.
- Q4 2026
- Our flight activity starts on October 26, 2026. October 1 to 25 is estimated, for domestic flying only, from adsb.lol aircraft position reports: each airline's departures between US airports are counted from the position tracks and given seats from the same aircraft-type table, then its flights, seats and seat-miles are each divided by that airline's ratio of position-report counts to our flight activity over October 27 to 31. BTS On-Time replaces these days when it publishes October (about mid-December). International flying is not estimated, so seat-miles to and from the US start on October 26, and a call against guidance needs 30 days of our own flight activity. Airport figures do not use these estimates.
- Passengers per seat
- TSA screenings at the airline's hub checkpoints against the domestic seats departing those hubs, as an index: 100 is the same ratio as the same week last year. TSA does not see connecting passengers, so it is a trend, not a load factor.
- Guidance
- Each airline's own capacity guidance, quoted from its earnings release or 8-K with the date. Never consensus: we have no estimates data.
Not real-time, not a load factor and not a forecast of earnings. Compared with company guidance only.
Source: Passenger Index flight activity data, compiled by Passenger Index; screenings from TSA; last year's flights from BTS On-Time and seats and seat-miles from BTS T-100. Capacity guidance quoted from each airline's own earnings release. Not affiliated with any airline or agency. Not investment advice.
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Frequently asked questions
Why does Pro wait until the airline reports?
Pro is the finished record. The quarter in progress, and the weeks between quarter-end and the earnings release, are what Pro+ is for. Each quarter opens to Pro the day after the release.
Is this real-time?
No. Flights are counted the next morning; TSA's airport files arrive weekly, 1 to 2 weeks behind. Each figure says the day it runs to.
Is passengers per seat a load factor?
No. TSA counts travelers starting their trip, not connecting passengers, so it is a trend index: 100 means the same ratio as the same week last year.
Which capacity is compared with guidance?
Domestic seat-miles first: domestic coverage is complete and last year's side is checked against BTS T-100. A system seat-mile guide is compared with seat-miles to and from the US once the airline's international flying has passed its own check; until then only where international is a small share of the airline's flying (Southwest). Delta guides on seats, so Delta is compared on domestic seats. A verdict appears only once 30 days of the quarter are in, and only where the seat-mile backtest passed.
Does it forecast earnings?
No. It shows what flew and who was screened, against what the airline said it would fly. It is compared with company guidance only, never with analysts' estimates.
Cite as: Passenger Index, "Airline Scorecards", https://passengerindex.com/web/airlines/scorecards/ (CC BY 4.0).