Although the airline industry is an important part of the travel and tourism ecosystem, it suffers from high fixed costs due to equipment and labor, and is highly sensitive to fuel prices. Consider the ETFMG Travel Tech ETF (ticker: AWAY) as another way to invest in the travel and tourism industry.
* The performance chart compares the share price performance of AWAY and JETS by normalizing their closing share prices to a scale of 100 on a start date of February 12, 2020 (the inception date for AWAY).
Travel tech companies power every aspect of travel in today’s world, and are not limited to air travel. Whether it’s business or leisure, traveling around the world or around the city, travel tech companies make your trip easier, cheaper and faster.
|Trip.com Group Ltd-Adr||TCOM US||5.65%|
|Uber Technologies Inc||UBER US||5.31%|
|Expedia Group Inc||EXPE US||4.94%|
|Booking Holdings Inc||BKNG US||4.93%|
|Tongcheng-Elong Holdings Ltd||780 HK||4.35%|
|Lotte Tour Development Co Lt||032350 KS||4.17%|
|TravelSky Technology Ltd-H||696 HK||4.10%|
|WebJet Ltd||WEB AU||4.10%|
|Hana Tour Service Inc||039130 KS||3.98%|
|Amadeus IT Group SA||AMS SM||3.97%|
|Delta Air Lines Inc||DAL US||10.08%|
|United Airlines Holdings Inc||UAL US||10.00%|
|Southwest Airlines Co||LUV US||9.99%|
|American Airlines Group Inc||AAL US||9.80%|
|JetBlue Airways Corp||JBLU US||3.88%|
|Allegiant Travel Co||ALGT US||3.83%|
|Alaska Air Group Inc||ALK US||3.78%|
|Skywest Inc||SKYW US||3.69%|
|CargoJet Inc||CJT CN||3.68%|
|Air Canada||AC CN||3.65%|
* Source: Bloomberg, 2020. Holdings are subject to change without notice.
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. All performance is historical and includes reinvestment of dividends and capital gains. Performance data current to the most recent month end may be obtained by calling 1-844-ETF-MGRS (1-844-383-6477).
Travel spending has been on the rise, and across multiple modes of transportation. An expanding middle class in emerging economies is driving that growth.