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home / news releases / CRUZ - JETS: Despite Booming Demand Airlines Still Struggle With Profitability

CRUZ - JETS: Despite Booming Demand Airlines Still Struggle With Profitability

Defiance Hotel, Airline, and Cruise ETF

2024-07-08 00:38:06 ET

Summary

  • U.S. Global Jets ETF is a hold due to profitability challenges facing airlines, high expense ratio, and lack of dividend yield.
  • JETS is concentrated on airline-specific holdings, with top four U.S. airlines dominating the fund.
  • Despite increasing air travel demand, airlines struggle with profitability due to rising fuel and labor costs, union actions, and accidents.

Investment Thesis

For further details see:

JETS: Despite Booming Demand, Airlines Still Struggle With Profitability
Stock Information
Company Name: Defiance Hotel, Airline, and Cruise ETF
Stock Symbol: CRUZ
Market: NYSE
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