JETS ETF Cruising Higher: 5 US Airline Stocks Gaining Altitude In June With Room To Climb
Portfolio Pulse from Piero Cingari
U.S. airline stocks have seen significant gains in June, with the U.S. Global Jets Exchange Traded Fund (JETS) demonstrating one of the highest quarterly returns among equity industry benchmarks. JETS is up 15.4% in the past month, three times the SPDR S&P 500 ETF Trust’s (SPY) 4.5% gain. Despite the recent strong performance, the ETF that tracks stocks in the aviation industry still has more than 50% upside potential to catch up to pre-Covid-19 levels. Four airline companies, Delta Airlines (DAL), American Airlines (AAL), Southwest Airlines (LUV), and United Airlines (UAL), account for up to 45% of the fund’s total holdings and have all seen significant gains in the past month.
June 28, 2023 | 12:30 pm
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POSITIVE IMPACT
American Airlines has soared 21% over the last month. A 70% upside potential currently separates AAL from its December 2019 levels.
American Airlines has seen significant gains in June and still has potential to rise by 70% to reach its December 2019 levels, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Delta Airlines has gained 28% over the past month, adding 2.8% to the ETF’s overall performance. To return to its end-of-2019 levels, DAL has to rise by 35% from its current price.
Delta Airlines has seen significant gains in June and still has potential to rise by 35% to reach its end-of-2019 levels, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
JETS ETF has seen significant gains in June and still has more than 50% upside potential to reach pre-Covid-19 levels.
The ETF has seen significant gains in June and still has more than 50% upside potential to reach pre-Covid-19 levels, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Southwest Airlines posted a 19% performance for the past month. To return to its pre-Covid levels, LUV must experience a 65% increase.
Southwest Airlines has seen significant gains in June and still has potential to rise by 65% to reach its pre-Covid levels, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
SPDR S&P 500 ETF Trust’s (SPY) has seen a 4.5% gain in the past month.
SPDR S&P 500 ETF Trust’s (SPY) has seen a 4.5% gain in the past month, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
United Airlines rose 18.6% in the last month. UAL has to rise by at least 60% to reach its pre-Covid levels.
United Airlines has seen significant gains in June and still has potential to rise by 60% to reach its pre-Covid levels, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100