Sign In  |  Register  |  About Santa Clara  |  Contact Us

Santa Clara, CA
September 01, 2020 1:39pm
7-Day Forecast | Traffic
  • Search Hotels in Santa Clara

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Unlocking Airline Industry Insights with Frank Holmes: Jets ETF CEO Shares 2024 Outlook

--News Direct--

U.S. Global Investors CEO Frank Holmes joined Steve Darling from Proactive to provide insights into the company's U.S. Global Jets ETF (Exchange-Traded Fund).

During the discussion, they delved into the key factors and trends affecting the airline industry. Holmes emphasized the necessity of consolidation in the airline industry, citing recent mergers such as JetBlue and Spirit, as well as Alaska Airlines acquiring Hawaiian Airlines. Consolidation helps address challenges like pilot shortages and enhances pricing power for airlines in response to changing travel patterns and regulations.

The recent uptrend in the NYSE Arca airlines index is viewed as a positive indicator for the industry. Holmes pointed out that airlines, often overlooked compared to other sectors, are thriving due to increased travel demand, highlighting their potential for investors.

He also discussed the favorable impact of fuel costs, which play a significant role in airlines' profitability. Current fuel cost conditions are favorable, contributing to profit margin expansion.

Looking ahead to 2024, Holmes anticipates a strong year for the industry, with the International Air Transport Association (IATA) predicting robust net profits. He highlighted the unique aspect of the Jets ETF, which encompasses not only airlines but also airports worldwide. This diversification offers investors exposure to companies with strong revenue and cost-effectiveness.

Holmes expressed optimism for the Jets ETF in 2024, emphasizing its distinctive inclusion of airports. The discussion shed light on the airline industry's resilience, profitability, and potential for investors, making the Jets ETF an appealing option for those looking to capitalize on the sector's growth.

Contact Details

Proactive United States

Proactive United States

+1 347-449-0879

action@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/unlocking-airline-industry-insights-with-frank-holmes-jets-etf-ceo-shares-2024-outlook-682829341

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 SantaClara.com & California Media Partners, LLC. All rights reserved.