Time To Buy The Airline ETFs?

Although Hurricane Irene wasn’t nearly as devastating as some had feared, the storm did knock out power to millions and ground thousands of flights across the Northeast. Yet, the worst of the storm now appears to be over as flights are returning to the skies in major airports in New York, Washington D.C., and Boston, suggesting that the revenues lost to the airline industry could be much less than some had expected [see Three ETFs To Monitor As Hurricane Irene Wreaks Havoc]. In fact, major airline stocks such as Delta, American Airlines, and United-Continental were all up significantly in the first two days of the week, with AMR leading the way higher with a nearly 9% gain. These solid gains are in sharp contrast to earlier in the month when airlines stocks were slumping across the board including double-digit plunges through the first eight days of August. This includes a nearly 20% [...] Click here to read the original article on ETFdb.com. Related Posts: Checking In On The Airline ETFs: FAA vs. FLYX Direxion Launches Three New ETFs Daily ETF Roundup: FAA Soars, UNG Slides Three ETFs To Monitor As Hurricane Irene Wreaks Havoc Three ETFs To Watch This Week: GLD, FAA, FXE