Ted Reed of TheStreet.com talks with Frank Holmes to find out why he decided to launch an airline ETF after years of being in the resources industry. In the article “Alaska Air Trading Gains Lead Investor to Start an Airlines ETF,” Frank says that he bought Alaska Air stock three years ago and watched it double; that’s when he started doing analysis of the industry. In addition, Frank tells Ted that he flew over 100 times in 2014 and started noticing a rise in ancillary fees. He knew these were charges he could either complain about or make money with.
Article summary written by U.S. Global Investors.