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Airline Stocks Rally After Delta Reports

from ETF Trends

Following the release of strong first-quarter earnings from Delta Air Lines, the U.S. Global Jets ETF (JETS) along with several other airline stocks, got a lift in mid-April. ETF Trends reports that, “Delta spent about one-third less on fuel, compared to the same period year-over-year, which resulted in a savings of more than $700 million.” In addition to Delta, several other airlines reported positive earnings, which sent the sector higher on Thursday, April 14.

READ THE ARTICLE FROM ETF TRENDS

Article summary written by U.S. Global Investors.

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