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 (NYSE Arca: 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 the travel and tourism industry in today’s world, and is not limited to strictly 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.
|Uber Technologies Holdings Inc||UBER||4.85%|
|Booking Holdings Inc||BKNG||4.49%|
|Makemytrip Limited Mauritius||MMYT||4.45%|
|Expedia Group Inc||EXPE||4.02%|
|Delta Air Lines Inc||DAL||10.02%|
|United Airlines Holdings Inc||UAL||9.87%|
|Southwest Airlines Co||LUV||9.82%|
|American Airlines Group Inc||AAL||9.54%|
|Alaska Air Group Inc||ALK||2.98%|
|Sun Country Airlines Hldgs Inc||SNCY||2.97%|
|Allegiant Travel Company||ALGT||2.95%|
|JetBlue Airways Corporation||JBLU||2.86%|
* Source: Bloomberg, 2021. 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.