Despite the macroeconomic headwinds, the travel industry has been experiencing bullish momentum in 2022, as the demand environment continues to be strong. Moreover, the post-pandemic rebound in commercial and non-commercial flights should enable the global passenger air transport market to reach $657.15 billion by 2025, with a CAGR of 6% between 2020 and 2025.
It is also important to note that the airline industry, represented by the U.S. Global Jets ETF (JETS), is down only 2.89% year-to-date (YTD), compared to the SPDR S&P 500 Trust ETF’s (SPY) 13.06% loss over the same period, thus confirming early rebound signs.
