A rally in shares of Delta Air Lines (NSYE: DAL) and U.S. Airways (NYSE: LCC) provided a lift Tuesday to exchange traded funds (ETFs) that invest in airline stocks.
Delta shares were up nearly 8% at last check, while US Airways added about 5% after the companies announced quarterly results.
The two stocks account for 12.8% and 4.3%, respectively, of the $22.6 million Guggenheim Arca Airline ETF (NYSEArca: FAA). It rose nearly 3% Tuesday morning. [Airline ETFs: Industry Hostage To Rising Energy Costs and an Aging Fleet.]
Direxion Airline Shares (NYSEArca: FLYX) is another ETF for the sector.
Guggenheim Arca Airline ETF
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