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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a development reflecting the airline sector's recovery years after the pandemic, the JETS ETF surpassed its pre-COVID highs for the first time, according to reports. The rally was driven by falling oil prices, capacity discipline among carriers, and resilient travel demand that held up despite economic pressures.
The breakout comes as oil prices continue to slide; the U.S. EIA weekly report for the week ended June 24 showed a crude stock draw of 6.1 million barrels, exceeding expectations. Meanwhile, the U.S. Services PMI improved to 51.3 in June, signaling sustained economic activity that supports travel demand.
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Sign InAs of the close on June 29, 2026, no specific price was available for the JETS ETF, but focus is on upcoming weekly oil data and geopolitical developments in the Strait of Hormuz that could impact fuel costs. Investors are also watching the Fed's bank stress test results scheduled for June 24, which could influence risk appetite for cyclical sectors like airlines.