US Global Jets index
Investment Thesis
JETS faces a perfect storm of deteriorating fundamentals that market hasn't fully priced in despite recent weakness. With jet fuel prices doubling to $4/gallon, zero hedging protection leaving carriers exposed to $5.8B in additional annual costs, and JPMorgan confirming demand destruction has begun in Asia, the airline sector is entering its worst crisis since the pandemic. Entry at $24.09 offers optimal risk/reward as technical breakdown below $24.27 support targets November lows at $23.68 and Fibonacci support at $22.64.
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