More than 14 million Americans were expected to fly during the seven-day Labor Day travel season, according to estimates from Airlines for America. This represents a 3 percent jump in demand from the previous year’s holiday, and to accommodate the extra passengers, airlines had to add new routes and boost the number of seats, among other measures.
In light of this, Zacks suggests the U.S. Global Jets ETF (JETS) as a means for investors to tap into higher travel demand. The ETF invests in not only airlines but also global aircraft manufacturers and airport services providers.
Article summary written by U.S. Global Investors.