Airline ETF Grounded as Delta Forecasts Weaker Revenue Growth
January 03, 2019 at 18:15 PM EST
Shares of Delta Air Lines fell 9 percent on Thursday following weaker revenue growth forecasts, grounding exchange-traded funds (ETFs) with heavy exposure, such as the US Global Jets ETF (NYSEArca: JETS). The news comes as the Dow Jones Industrial Average fell over 600 points on Thursday as shares...
