Tom Lydon, publisher of ETF Trends, wrote that the U.S. Global Jets ETF (JETS) “appears poised to rally in the fourth quarter” despite Boeing’s grounding of the 737 jets. Airlines could be supported by growing revenue from ancillary fees. As a reminder, ancillary fees are non-ticket fees such as extra baggage, flight changes, inflight Wi-Fi and more.
Others are bullish on the industry too. Al Root, reporting for Barron’s, wrote that “things are better than they were for the sector” since the financial crisis as “profit margins have improved and debt is lower.”
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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. ETF Trends publisher Tom Lydon is on the board of U.S. Global Investors. Ancillary fees/revenue, in the airline industry, is revenue from non-ticket sources, such a baggage fees and on-board food and services, and has become an important financial component for low-cost carriers.