Core Viewpoint - Delta Air Lines (DAL) provided an earnings update that positively impacted investor sentiment, highlighting the stability of airline stocks despite market volatility [1] Group 1: Airline Industry Overview - The US Global Jets ETF (JETS), with over $700 million in assets, has experienced significant volatility, indicated by its nearly 1.4x beta over the past five years [2] - JETS has not provided dividends recently, and its historical performance shows a price range peaking around $35 and dropping as low as $11 since its IPO in 2015 [4] - The JETS ETF and individual airline stocks are generally not considered strong long-term investments, but they may present trading opportunities [5] Group 2: Composition of JETS - Approximately one-third of JETS is comprised of three major U.S. airlines, while the remainder includes regional carriers and companies that support the airline industry [6] Group 3: Current Market Sentiment - The performance of JETS has been stagnant for the past decade, with no clear directional bias observed in its chart, reflecting a neutral market position [7]