On Thursday morning, Delta Air Lines (DAL), the largest U.S. commercial airline by market capitalization, delivered an earnings update that cheered investors. Welcome to the world of investing in airline stocks. Where fortunately, the volatility is in the market, not in the skies.
The primary ETF traders use to access a basket of airline and related stocks is the US Global Jets ETF (JETS). This more-than-$700-million-in-assets fund marked its tenth anniversary in April. And as its nearly 1.4x beta over the past 5 years indicates, long-term investors have experienced some unexpected turbulence on its lengthy non-stop flight.
