JETS ETF Takes Flight While Delta, Southwest Face Turbulence: What's Next For Airline Stocks?

Benzinga · Oct 26 00:54

TheU.S. Global Jets ETF(NYSE:JETS) is soaring, up 51.65% over the past year, powered by strong gains in its top holdings, includingDelta Air Lines Inc(NYSE:DAL) andSouthwest Airlines Co(NYSE:LUV).

The ETF just made aGolden Cross, a bullish signal signaling more upside ahead.

Chart created using Benzinga Pro

The 50-day simple moving average (SMA) at $19.95 has crossed above the 200-day SMA at $19.71, triggering a bullish trend.

As travel demand rebounds, the airline industry is riding high. But as we head into the final quarter of 2024, can the sector maintain altitude with looming challenges...

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JETS ETF Takes Flight While Delta, Southwest Face Turbulence: What's Next For Airline Stocks?

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