The industry is also supported by strong fundamentals with high barriers of entry that makes the sector capitalize on a wide economic moat that has attracted the attention of prominent value investor Warren Buffett. Additionally, airline stocks trade at significant discounts to the broader U.S. equity market.
Impressively, JETS is up 12% over the past month. Oil prices have traded higher over the same period, making the JETS move all the more noteworthy. Fuel is the largest input cost faced by airlines. JETS currently resides just 1.7% below its 52-week high.
For more information on airline ETFs, visit our Airline category.