Sean Brodrick, resource strategist with the Oxford Club, discusses the reasons why he believes the U.S. Global Jets ETF (JETS) is “cleared for takeoff” this summer. Not only have airlines benefited from relatively low fuel prices but, thanks to low interest rates, they’ve also managed to refinance their debt. Ancillary, non-ticket fees have generated $1.1 billion more than in 2010, and flight demand is expected to reach all-time highs this summer. It’s for these reasons that Brodrick believes JETS “looks to be putting in a bottom.”
Article summary written by U.S. Global Investors.
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