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Heavy Labor Day Travel Helps Airline ETF Soar

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Almost a third of U.S. refining output was impacted earlier this year by Hurricane Harvey. After so much extreme rainfall and flooding, several states’ fuel prices remained raised into the holiday season. Despite this, air travel has seen record numbers. An estimated 16.1 million passengers flew over the Labor Day holiday from August 30 to September 5.

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The gross expense ratio for the U.S. Global Jets ETF is 0.60%.

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