Pent-up travel demand to offset headwinds for airlines as stocks take off

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Pent-up demand is driving the leisure market, while business travel is recovering. And that has given a lift to U.S. Global Jets ETFThis quasi-active fund, which owns airlines, airports, aircraft manufacturers and related services, has gained 21 per cent so far this year versus 5Frank Holmes, chief executive officer and chief investment officer at U.S. Global Investors Inc. in San Antonio, Tex.

“That has created a change in sentiment – that the industry doesn’t have a headwind, but a tailwind now.”“Demand is there, and people don’t care about the price of a ticket still,” he adds. “They want to travel …after being locked up for two years.” “They do business from wherever. They might write code or do data analysis on their laptop and send back reports,” he says.

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