HONEYWELL FORECAST SHOWS INCREASED DEMAND FOR NEW BUSINESS JETS, STABLE GROWTH FOR NEXT DECADE
33rd annual Global Business Aviation Outlook projects 8,500 new business jet deliveries valued at $280 billion over the next decade Purchase plans indicate that demand for new aircraft is normalizing at an elevated level, significantly above pre-pandemic figures Aircraft utilization is projected to increase with vast majority of operators planning on flying more or the same as they did this year LAS VEGAS , Oct. 20, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today published its 33rd annual Global Business Aviation Outlook, which provides unique insights into current industry trends as well as longer-cycle developments and is informed by extensive surveys of business aviation operators across the globe. Based on survey results, Honeywell forecasts up to 8,500 new business jets worth $280 billion will be delivered over the next decade, an increase in value from last year's forecast.
JETS: Flying High Since August, But A Longer-Term Holding Pattern
Despite a strong travel boom, global airline shares have underperformed due to aggressive capacity and softer ticket fares. JETS ETF has seen declining assets under management and underperformed the S&P 500, with significant concentration in the 'Big 4' US airlines. November historically yields strong returns for JETS, but technical resistance and macroeconomic risks suggest caution despite recent momentum.
V2X Awarded Position On $11.9 Billion JETS 2.0 Contract To Deliver Cybersecurity Solutions
MCLEAN, Va. , Oct. 1, 2024 /PRNewswire/ -- V2X, Inc. (NYSE: VVX) announces its selection for the $11.9 billion Defense Logistics Agency (DLA) J6 Enterprise Technology Services 2.0 (JETS 2.0) contract, securing its place amongst a select group of providers.
Should You Invest in the U.S. Global Jets ETF (JETS)?
Designed to provide broad exposure to the Industrials - Transportation/Shipping segment of the equity market, the U.S. Global Jets ETF (JETS) is a passively managed exchange traded fund launched on 04/30/2015.
Airlines Earnings Mixed, But This Airline ETF Outperforming S&P
Airlines companies have come up with a mixed earnings results.
Should You Invest in the U.S. Global Jets ETF (JETS)?
Designed to provide broad exposure to the Industrials - Transportation/Shipping segment of the equity market, the U.S. Global Jets ETF (JETS) is a passively managed exchange traded fund launched on 04/30/2015.
JETS: As 'Revenge Travel' Fades, This ETF's Prospects Do Too
JETS: As 'Revenge Travel' Fades, This ETF's Prospects Do Too
JETS: Despite Booming Demand, Airlines Still Struggle With Profitability
U.S. Global Jets ETF is a hold due to profitability challenges facing airlines, high expense ratio, and lack of dividend yield. JETS is concentrated on airline-specific holdings, with top four U.S. airlines dominating the fund. Despite increasing air travel demand, airlines struggle with profitability due to rising fuel and labor costs, union actions, and accidents.
ETFs to Tap Surging Summer Travel Demand
Thanks to lower gas prices and reduced airfares, as well as continued desire for experiences, we are likely to see a busy summer travel season this year.
