JETS is heavily allocated to United,  Delta Air Lines (DAL), American Airlines Group (AAL) and Southwest Airlines (LUV).

The Bernstein analyst “has Outperform ratings on Delta Air Lines (DAL), American Airlines Group (AAL), Southwest Airlines (LUV), and United, writing that underlying results remain strong and that he’s optimistic the industry will be able to sustain elevated levels of performance. He did however tweak his price targets slightly lower for each to account for higher fuel prices,” reports Barron’s.

Related: Airline ETF is Clear for Takeoff 

Along with lower oil prices, airline stocks look attractive in their own right. For instance, income-oriented investors may notice that airline stocks have seen improved dividend-yield growth. The sector also shows relatively cheap valuations.

For more information on the airline ETF, visit our Airline category.