Industry trade group Airlines for America (A4A) expects air travel demand to hit an all-time record this summer, as reported by Zacks’ Sweta Killa. Approximately 231 million passengers are expected to fly between June and August, a 4-percent increase over the same period last year. This bodes well for the U.S. Global Jets ETF (JETS).
According to Killa, JETS is mostly concentrated on the four leading domestic carriers, but the fund also includes airline manufacturers. JETS charges investors only 0.60 percent on an annual basis. For more, check out the full article on Zacks.com.