Passenger Traffic Forecast to Grow as Economy Improves

In the first nine months of 2017, the nine largest publicly-traded U.S. carriers collectively posted a pre-tax profit of $14.7 billion, down 20 percent from $18.4 billion during the same period last year. The loss was primarily due to rising expenses, including labor, up 8.1 percent, and fuel, up 17 percent. Hurricanes Harvey and Irma … Continued

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Encouraging Fundamentals for Airlines United Airlines JETS

Encouraging Fundamentals for Airlines

Despite controversy on a United Airline flight earlier this year, the U.S. Global Jets ETF (NYSE:JETS) is still up nearly 6 percent year-to-date as of May 10, writes ETF Trends. JETS, the only airline industry-related ETF on the market, has a heavy focus on domestic carriers, along with global aircraft manufacturers and airport companies. According … Continued

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JETS Moves on American Airlines News

JETS Moves on American Airline News

American Airlines, one of the nation’s largest carriers, released bullish news on May 9, boosting its TRASM guidance as April passenger volumes jumped from last year. As ETF Daily News reports, the U.S. Global Jets ETF (NYSE: JETS) jumped to a new 52-week high following the news. American is one of the top four holdings … Continued

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