“This is exactly why investors are apprehensive about getting involved in the group in a declining fuel environment. In the past, the airlines have competed away gains from lower fuel as they reward customers with lower fares,” said Helane Becker, airline analyst at Cowen & Co.. “With oil trending lower in recent months, investors are worried this time will not be different.”
JETS also holds United Continental Holdings, which dropped almost 5 percent. Its third largest holding is America Airlines Group, which lost over 7 percent on Thursday.
Nonetheless, based on Yahoo performance numbers for the past year, JETS is up just under 5 percent.
For more trends, visit our ETF Trends ‘Trending’ category.