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Q4 Earnings Help Airline ETF Catch a Tailwind

from ETF Trends

In late January several airline carriers reported strong fourth quarter 2018 earnings. Southwest Airlines, American Airlines Group and JetBlue Airways are among those that announced better-than-expected results. Southwest said that “passenger demand is healthy” while American said that it entered “2019 with great momentum.”

All three of the carriers mentioned above are holdings in the U.S. Global Jets ETF (JETS) as of December 31, 2018. The article from ETF Trends writes that JETS rose 2.5 percent on Tuesday January 22, the same day those airlines reported results.  JETS is the only available pure-play fund on the market right now that focuses the global aviation industry.

 

Read the full article, “Q4 Earnings Help Airline ETF Catch a Tailwind,” on ETFtrends.com.

 

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ETF Trends publisher Tom Lydon is on the board of U.S. Global Investors.