The Delta variant is once again tipping the scales against airlines. Travel, which was battered during the COVID-19 pandemic, has appreciated a bounce-back with the economy’s gradual reopening. However, travel still hasn’t reached its pre-pandemic levels.
American Airlines, JetBlue, Southwest, and United all lowered outlooks for Q3 2021 because of the ongoing virus drama. Fewer bookings, paired with cancellations on already-booked itineraries, are among the core reasons for concern.
Surprisingly, the U.S. Global Jets ETF rose 1.91% yesterday. This ETF tracks some of the largest airlines in America.