UAL - JETS: Strong Numbers From United But Broader Trends Lackluster
2024-04-22 11:00:19 ET
Summary
- US TSA traveler volume numbers remain strong in 2024, with a 4.6% increase from 2019.
- Q1 results from early reporters in the Passenger Airline industry have been solid, and we'll get more clues on the state of the industry on Thursday this week.
- The U.S. Global Jets ETF is cheap on valuation but lacks momentum and has a high expense ratio.
- I highlight key price levels to watch.
The travel boom continues. According to TSA data, folks are flying the friendly skies at record levels for this time of year - up 4.6% from this time in 2019. What's more, Q1 results from early reporters in the Passenger Airline industry within the Industrials sector have been rather solid. United Airlines reported strong first quarter numbers earlier this month, and we'll hear from more airline firms this week....
JETS: Strong Numbers From United, But Broader Trends Lackluster