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Is It Time To Short This Industry Favorite?
A combination of capacity growth, higher fuel prices and worries about the health of the global economy have sent airline stocks skidding this year. The US Global Jets ETF (NYSE: JETS) is down 10% and many of the major carriers are down upwards of 20% since the beginning of the year.
Investors are now skittish about shares that have popped triple-digits over the last five years in an industry notorious for cyclicality and heavy competition.
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