Investors also shared in this sentiment as most other airliner stocks also rebounded on Delta’s outlook. For instance, American Airlines Group (NYSE: AAL) jumped 5.8%, United Continental Holdings (NYSE: UAL) rose 6.1%, Southwest Airlines (NYSE: LUV) gained 4.5% and JetBlue Airways (NYSE: JBLU) increased 7.1%.
Investors interested in flying with the airline industry can consider the U.S. Global Jets ETF (NYSEArca: JETS), the lone ETF dedicated to airline stocks. JETS strengthened by 4.1% Tuesday after Delta’s announcement.
JETS follows the U.S. Global Jets Index, which uses fundamental screens to select airline companies, with an emphasis on domestic carriers, along with global aircraft manufacturers and airport companies.
The ETF follows a kind of smart beta indexing methodology that allocates about 12% to the top four domestic airlines, followed by a 4% tilt toward the next five domestic airlines, 3% position in the next four domestic airline industry companies and lastly a 1% weight in the top 20 foreign airline industry companies. Top holdings include AAL 12.2%, DAL 12.0%, LUV 11.9%, UAL 11.6% and Alaska Air Group (NYSE: ALK) 4.1%.
For more information on airline ETFs, visit our Airline category.