It has been a while since I have checked in on the airline industry, so I thought I would have a look. U.S. Global Jets ETF (NYSEARCA:JETS) is the only ETF listed on a U.S. exchange and appears to be on the verge of a breakout. I must say this caught me by surprise as I remember airlines being a really, really bad investment. My memories are of an industry with endless red ink and ongoing consolidation. But apparently that was a long time ago. For the last five years, the industry has experienced tremendous growth.
Airline stocks are flying high with Berkshire Hathaway inc. (NYSE:BRK.A) (NYSE:BRK.B) recently making a $10 billion investment spread across 4 of the largest U.S. airlines, including Delta Air Lines, Inc. (NYSE:DAL), American Airlines Group (NASDAQ:AAL), United Continental Holdings, Inc (NYSE:UAL), and Southwest Airlines Co. (NYSE:LUV). Well Warren Buffett's timing is good because he has bought in just before the airline industry March-April bullish seasonal pattern.