According to an article from ETF Trends, “Profit Growth Could Power Airline ETF,” at the start of June the International Air Transport Association (IATA) announced positive revisions to its 2015 airline industry outlook. Citing strength from lower fuel costs, a strong U.S. dollar, record load factors and other encouraging global economic prospects, the IATA’s statement could be a catalyst that benefits the U.S. Global Jets ETF (JETS). The article also notes that Credit Suisse continues to see reasonable capital discipline among U.S. airlines, another optimistic indication for JETS.
Article summary written by U.S. Global Investors.
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