In early April, Alaska Air outbid JetBlue to acquire Virgin America, which is a massive gain for the small airliner. As a recent Zacks article points out, news of the merger has “put the spotlight on a couple of ETFs with substantial exposure to the in-focus two firms.” One of those ETFs is the U.S. Global Jets ETF (JETS) which invests in the global airline industry. JETS owns both Alaska Air and Virgin America in its top 10 holdings.
Article summary written by U.S. Global Investors.
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