The travel industry has experienced unexpected turbulence, which is rattling travel-focused ETFs. As airlines lower revenue forecasts, booking platforms struggle, and hotels and cruise lines see declining stock prices, investors in travel ETFs are watching their portfolios slip. If you’ve been tracking this sector, here are three ETFs feeling the pressure.
1. U.S. Global Jets ETF JETS
The U.S. Global Jets ETF is the go-to ETF for airline exposure, holding major carriers like Delta Air Lines DAL, American Airlines AAL, and Southwest Airlines LUV. With Delta and American Airlines slashing their revenue forecasts due to weak demand, JETS has been on a downward trajectory. Delta’s warning about slowing corporate and leisure travel has only fueled concerns that the airline industry is facing a rough road ahead. The ETF is down 16% in the past month.
2. ETFMG Travel Tech ETF AWAY
The ETFMG Travel Tech ETF tracks online travel and booking companies like Expedia EXPE, Booking…
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