Air Travel Hits One-Year High, Airline Stocks Could Benefit

Zacks highlighted in a recent article that airline stocks are on the rise as air travel picks up one year after the pandemic grounded most flights. According to data from the Transportation Security Administration (TSA), about 1.357 million travelers checked in at American airports on March 12 — the highest number since Mar 15, 2020. … Continued

Read the Article
ETF Of The Week: Airline Fund Flying High

ETF Of The Week: Airline Fund Flying High

The U.S. Global Jets ETF (JETS) was featured as the ETF of the week ended January 25, 2019 by ETF.com. Although airports experienced delays and flight demand weakened slightly during the 35-day U.S. government shutdown in late December and January, airlines still reported strong fourth-quarter earnings.  Strong airline earnings reports can be positive for the … Continued

Read the Article

Q4 Earnings Help Airline ETF Catch a Tailwind

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 … Continued

Read the Article
An Alternative For Airline Exposure

An Alternative For Airline Exposure

The U.S. Global Jets ETF (JETS) was featured in an article by Seeking Alpha that outlines the fund’s investment objectives, holdings, strategy and more. The author of the article, Carlos Sava, writes that “if you want a simple way to get broader exposure to the carrier group and gain some international exposure, JETS is a … Continued

Read the Article
Southwest Airlines Outperforms Expectations in the Third Quarter

Southwest Airlines Outperforms Expectations in the Third Quarter

Southwest Airlines (LUV) had a profitable third quarter, increasing its net income to $618 million from the previous quarter’s $528 million, according to MarketWatch. Although the carrier’s stock indicated down around 0.5 percent in premarket trade, it has actually grown 4.4 percent in the three months ended in September 30. Passenger revenue yield rose 2.3 … Continued

Read the Article