Delta’s earnings per share fell from the year-ago quarter as fuel expense soared $1 billion, according to a Deutsche Bank note.
“The companies in this fund are at the mercy of fuel prices, which are elevated compared with 2010 levels and have helped to whack their stock prices,” says Morningstar analyst Robert Goldsborough in a profile of Guggenheim Airline ETF. “During the first six months of 2011, the airline companies held in this ETF suffered amid elevated fuel costs relative to last year, along with reports of failed price increases across the industry.”
Guggenheim Airline ETF
