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Travel ETFs Decline

Passports on a map of the world to illustrate the keys to world travel

With the fear of global tensions and rising Oil prices, Travel ETFs have been struggling this week. The US Global ETF Jets (JETS) was down nearly 8 the past week. The ETFMG Travel Tech ETF (AWAY) is down 5% the past week. The Defiance Hotel Airline and Cruise ETF (CRUZ) is down nearly 9% the past week.

ETF Newz Says:

Rising Oil prices definitely erode the margins that Airlines have, and the general fear or not knowing what will happen with Russia is also a concern, especially for extended travel.