Core Insights - The airline industry is experiencing a significant recovery as operational challenges from a government shutdown have subsided, leading to improved conditions ahead of the Thanksgiving travel season [1][2] Industry Outlook - Airlines for America (A4A) forecasts over 31 million passengers flying on U.S. carriers from Nov. 21 to Dec. 1, indicating a strong rebound for the industry [2] - The average daily passenger count is projected to be 2.8 million, reflecting a 1% increase from 2024 levels, which is expected to enhance profitability for airlines [5] Investment Opportunities - Airline ETFs are recommended as a more prudent investment choice compared to individual airline stocks due to their diversification benefits, which mitigate risks associated with fuel price volatility and operational issues [3][4] - Increased bookings post-government shutdown have been noted, with United Airlines reporting a 16% rise in bookings between Nov. 15 and Nov. 16 compared to the previous weekend [6] Revenue Dynamics - High demand during peak travel seasons allows airlines to maintain or increase ticket prices, which is likely to boost revenue per available seat mile (RASM) and overall profitability [7] ETF Performance - U.S. Global Jets ETF (JETS) has gained 1.4% year to date and 3.4% since Nov. 15, with major holdings including Southwest Airlines, Delta Airlines, and United Airlines [9] - MAX Airlines 3X Leveraged ETNs (JETU) has lost 18.4% year to date but gained 1.5% since Nov. 15, with United Airlines and American Airlines as significant holdings [10][11] - MAX Airlines -3X Inverse Leveraged ETNs (JETD) has seen a 47% decline year to date and a 2.8% loss since Nov. 15 [12][13]