In late January several airline carriers reported strong fourth quarter 2018 earnings. Southwest Airlines, American Airlines Group and JetBlue Airways are among those that announced better-than-expected results. Southwest said that “passenger demand is healthy” while American said that it entered “2019 with great momentum.”
All three of the carriers mentioned above are holdings in the U.S. Global Jets ETF (JETS) as of December 31, 2018. The article from ETF Trends writes that JETS rose 2.5 percent on Tuesday January 22, the same day those airlines reported results. JETS is the only available pure-play fund on the market right now that focuses the global aviation industry.
Read the full article, “Q4 Earnings Help Airline ETF Catch a Tailwind,” on ETFtrends.com.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.
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Past performance does not guarantee future results.
U.S. Global Investors has authored and is responsible for the summary on this page. All opinions expressed and data provided are subject to change without notice. Opinions are not guaranteed and should not be considered investment advice.
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ETF Trends publisher Tom Lydon is on the board of U.S. Global Investors.