Delta Air Lines reported a second-quarter earnings beat mid-July, giving a boost to the U.S. Global Jets ETF (JETS) and providing a tailwind for the industry, writes ETF Trends. American Airlines also announced that it extended its co-branded credit card agreement with Citigroup and Barclays, the article continues, which included significant compensation improvements for the airliner and thus more good news for the industry.
Article summary written by U.S. Global Investors.