Airlines ETF Has Crash Landed

Share This Article
July 21, 2016 10:14am NYSE:JETS

commercialairlinerEven as the Dow pushes to all-time highs, the U.S. Global Jets ETF (NYSE:JETS) has underperformed. Here are some big reasons why JETS continues to pull back today.


A quick look at the major airlines yields a sea of red:

  • Southwest (LUV) – Down 9.85% ahead of 12:30 earnings call today.
  • Spirit Airlines (SAVE) – Down 3.69% on continued fallout from weak guidance.
  • United Continental (UAL) – Down 2.48%, being dragged down by peers.
  • Delta (DAL) – Down 2.81%, also being hit by weak peer performance.
  • American Airlines (AAL) – Off 2.62%

The list of declining airliners goes on and on. Investors continue to sell the airline sector, and JETS is paying the price.

JETS has now fallen 9.35% year-to-date, badly underperforming the S&P 500, which has gained 6.22%. JETS is the largest airline ETF, boasting close to $50 million in assets.


Read Next


Get Free Updates

Join over 50,000 investors who get the latest news from ETFDailyNews.com!

Most Popular


From Our Partners


Explore More from ETFDailyNews.com

Free Daily Newsletter

Get daily ETF insights from our market experts. Never miss another important market development again!

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories