JETS ETF

Investors seeking momentum may have U.S. Global Jets ETF JETS on radar now. The fund recently hit a new 52-week high.

33rd annual Global Business Aviation Outlook projects 8,500 new business jet deliveries valued at $280 billion over the next decade Purchase plans indicate that demand for new aircraft is normalizing at an elevated level, significantly above pre-pandemic figures Aircraft utilization is projected to increase with vast majority of operators planning on flying more or the same as they did this year LAS VEGAS , Oct. 20, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today published its 33rd annual Global Business Aviation Outlook, which provides unique insights into current industry trends as well as longer-cycle developments and is informed by extensive surveys of business aviation operators across the globe. Based on survey results, Honeywell forecasts up to 8,500 new business jets worth $280 billion will be delivered over the next decade, an increase in value from last year's forecast.

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 04/30/2015.

Airlines companies have come up with a mixed earnings results.

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 04/30/2015.

JETS: As 'Revenge Travel' Fades, This ETF's Prospects Do Too

U.S. Global Jets ETF is a hold due to profitability challenges facing airlines, high expense ratio, and lack of dividend yield. JETS is concentrated on airline-specific holdings, with top four U.S. airlines dominating the fund. Despite increasing air travel demand, airlines struggle with profitability due to rising fuel and labor costs, union actions, and accidents.

Created to offer extensive coverage of the Industrials - Transportation/Shipping sector of the stock market, the U.S. Global Jets ETF (JETS) is an exchange traded fund that follows a passive management approach and was established on 04/30/2015.

Looking for broad exposure to the Industrials - Transportation/Shipping segment of the equity market? You should consider the U.S. Global Jets ETF (JETS), a passively managed exchange traded fund launched on 04/30/2015.