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.
Article summary written by U.S. Global Investors.
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