Despite controversy on a United Airline flight earlier this year, the U.S. Global Jets ETF (NYSE:JETS) is still up nearly 6 percent year-to-date as of May 10, writes ETF Trends. JETS, the only airline industry-related ETF on the market, has a heavy focus on domestic carriers, along with global aircraft manufacturers and airport companies. According to the article, there are numerous encouraging fundamental factors for airlines right now, including low oil prices (the largest input cost for airlines). Learn what else looks positive for the industry in the full story below.
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The U.S. Global Jets Index seeks to provide access to the global airline industry. The index uses various fundamental screens to determine the most efficient airline companies in the world, and also provides diversification through exposure to global aircraft manufacturers and airport companies. The index consists of common stocks listed on well-developed exchanges across the globe. It is not possible to invest directly in an index.
Dividend yield is a financial ratio that indicates how much a company pays out in dividends each year relative to its share price.
Capital expenditure (Capex) are funds used by a company to acquire or upgrade physical assets such as property, industrial buildings or equipment.