Projections for the number of seats offered to airline passengers came down in August, helping bolster sentiment according to the Wall Street Journal. Investors had been concerned that offering too many seats would lead to many remaining unfilled, potentially resulting in decreased profits and lower ticket prices. In addition to these updated projections, airlines benefited in August from oil prices pulling back, with U.S. crude decreasing 10 percent from a multi-year high in June.
The U.S. Global Jets ETF (JETS) provides investors with exposure to the global airline industry, including airline operators and manufacturers.
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The NYSE Arca Airline Index (XAL) is an equal dollar weighted index designed to measure the performance of highly capitalized companies in the airline industry. The XAL Index tracks the price performance of major U.S. and overseas airlines.
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