Airline stocks are finally taking off and have recouped most of the losses they sustained after Warren Buffet’s announcement that he had exited the sector sparked an additional sell-off in early May. The global airlines ETF (JETS) has risen 30% since hitting a bottom on May 15th, but it is still down 50% YTD. That leaves plenty of room for upside now that passenger numbers are rebounding, travel restrictions around the world are being eased, and flight routes are resuming.
Related ETF: U.S. Global Jets ETF (JETS)
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