According to Zacks Investment Research, the airlines sector “put up a decent earnings show, with mixed-to-upbeat results,” in the second quarter, despite some recent turbulence felt in the space. The article outlines earnings of various domestic carriers, a majority of which are included in the U.S. Global Jets ETF (JETS). “By now, one must have realized from the indicators that the mood in the airlines industry is not as downbeat as the stock trend is showing,” the article reads. “The main reasons for the low flying airlines stocks seem to be terror attacks and geo-political crisis.”
Article summary written by U.S. Global Investors.