United Airlines (UAL) began 2018 with a series of public relations snafus, putting the major airline name “in the doghouse from the market’s perspective” according to senior analyst Jamie Baker of J.P. Morgan Chase. Investors also feared the potential for a fare war triggered by the carrier’s growth plan, adding to uncertainty.
Those troubles could be behind United now. As of September 17, the carrier had risen 33 percent year to date, despite falling 11 percent in January. United, unlike Delta Air Lines (DAL) and American Airlines (AAL), increased its profit outlook for the year in July, according to ETF Trends, another promising sign for the company.
United is the top holding in the U.S. Global Jets ETF (JETS), making up 13.44 percent of its total portfolio, as of the most recent quarter end.
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ETF Trends publisher Tom Lydon is on the board of U.S. Global Investors.