US Global Jets ETF

JETS

Market cap $824M

U.S. Global Jets ETF (JETS) aims to offer economic exposure to the air travel industry (including airlines, aircraft manufacturers and airports). The fund is heavily concentrated in passenger airlines, with over 61% exposure to U.S. carriers, and a further 14% in international names. Airlines' razor-thin margins, weak balance sheets, and high vulnerability to exogenous shocks undermine the fund's long-term appeal.

The U.S. Global Jets ETF ( NYSEARCA:JETS ) captures exposure to the global airline industry without picking individual carriers.

Santa Rally may lift Wall Street! ETFs like MAGS, XME, JETS & ITA could benefit in Dec -- Jan amid seasonal optimism and market tailwinds.

Cruise stocks led the market higher Thursday, and shares of other travel companies also rallied, as the Fed's rate cut helped boost the prospects of consumer spending on vacations.

Airline stocks have been in the spotlight after the TSA reported the busiest travel day in U.S. history following Thanksgiving.

Designed to provide broad exposure to the Industrials - Transportation/Shipping segment of the equity market, the U.S. Global Jets ETF (JETS) is a passively managed exchange traded fund launched on April 30, 2015.

Record Thanksgiving travel and rebounding bookings are expected to lift airline ETFs like JETS as industry momentum accelerates in the post-shutdown period.

Airlines expected a return to normal to happen relatively quickly, but flight cuts are temporarily frozen at 6%.

The recent announcement by the Federal Aviation Administration (“FAA”) to reduce flight capacity at 40 major U.S. airports has sent ripples through the commercial aviation sector, causing major airline stocks like United Airlines ( UAL ), Delta Air Lines ( DAL ), and American Airlines ( AAL ) to slide on the bourses yesterday. This decision mandates progressive cuts, beginning with a 4% reduction and ramping up to 10% by mid-November to address safety concerns amid a prolonged government shutdown that has left air traffic controllers unpaid and air traffic control operations strained.

Over three weeks in, the federal government shutdown is closing in on the longest shutdown in history, catching up to the 34-day run of December 2019.