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.
|FaceDrive Inc||FD CN||8.11%|
|Booking Holdings Inc||BKNG US||6.34%|
|Expedia Group Inc||EXPE US||6.33%|
|Uber Technologies Inc||UBER US||5.91%|
|Amadeus IT Group SA||AMS SM||5.56%|
|Lotte Tour Development Co Lt||032350 KS||5.09%|
|Trip.com Group Ltd-Adr||TCOM US||4.67%|
|TripAdvisor Inc||TRIP US||4.63%|
|Tongcheng-Elong Holdings Ltd||780 HK||4.54%|
|Makemytrip Ltd||MMYT US||4.41%|
|Southwest Airlines Co||LUV US||10.57%|
|Delta Air Lines Inc||DAL US||9.50%|
|United Airlines Holdings Inc||UAL US||9.18%|
|American Airlines Group Inc||AAL US||7.80%|
|CargoJet Inc||CJT CN||4.55%|
|Allegiant Travel Co||ALGT US||4.46%|
|Air Transport Services Group||ATSG US||4.03%|
|Alaska Air Group Inc||ALK US||3.91%|
|JetBlue Airways Corp||JBLU US||3.81%|
|Air Canada||AC CN||3.72%|
* Source: Bloomberg, 2020. Holdings are subject to change.
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.