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Airline ETF Weathers Hurricane Season

from ETF Trends
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Airline ETF Weathers Hurricane Season

Despite hurricane season’s Harvey, Irma and Maria slamming the Gulf Coast and Caribbean, the airline industry has appeared to weather the storms, writes ETF Trends. Delta Air Lines, one of the major domestic carriers, and a top holding in the U.S. Global Jets ETF (JETS), surged in early October. Delta projected consolidated passenger unit revenue for the third quarter to rise 2 percent year-over-year, the article continues, a much rosier outlook than many had previously expected in light of the severe storm systems. A handful of other airliner stocks also rebounded during the week of October 3 following Delta’s outlook.

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Unit revenue is the average amount of revenue received by an airline per unit of capacity available for sale. Most often used to measure the effectiveness with which revenue-management activity balances price and volume to generate passenger unit revenue per ASM, known as PRASM.

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