Guggenheim Airline ETF

FAA is defunct since March 15, 2013. Lack of investor interest
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  • Apr. 29, 2013, 6:59 AM

    President Obama is expected to sign a bill sometime today to give the FAA ability to end its furlough of 13K air traffic controllers. Typos delayed delivery of the bill to the White House. Airline stocks (FAA) and hotel stocks (CHH, CTRP, H, HOT, IHG, MAR, WYN) are viewed by analysts as getting a boost from the return to normalcy in the travel industry.

    | Apr. 29, 2013, 6:59 AM
  • Apr. 26, 2013, 12:27 PM

    The squeaky wheel gets the grease as the U.S. House votes to approve a bill to end the furlough of FAA employees. Those that bought airline stocks (FAA) on Monday when overwrought reports of long delays at U.S. airports rattled the sector made a good call.

    | Apr. 26, 2013, 12:27 PM | 3 Comments
  • Apr. 24, 2013, 6:32 AM
    The airline industry (FAA) doesn't think carriers should be fined by the DOT for tarmac delays due to the reduced number of air traffic controllers working this week following mandated furloughs. Two industry groups have filed a motion asking the DOT to suspend the three-year old tarmac rule.
    | Apr. 24, 2013, 6:32 AM | 7 Comments
  • Apr. 22, 2013, 9:41 AM

    Airline stocks (FAA) start the day lower as media reports on flight delays dampen the mood of investors. Though delays are being reported, a low level of cancellations could indicate issues with furloughs won't take a large chuck of profits from carriers. Decliners: US Airways (LCC) -1.5%, JetBlue (JBLU) -1.4%, Delta Airlines (DAL) -1.3%.

    | Apr. 22, 2013, 9:41 AM
  • Apr. 2, 2013, 10:50 AM
    Airline stocks (FAA) take a turn lower after Delta Air Lines (DAL -6.7%) issues a disappointing report on March traffic. The carrier blamed the sequester and some temporary tech issues for a loss in late bookings, but investors don't seem to buying the excuses. As the first carrier to report March numbers, what Delta says carries some weight. Decliners: LCC -5.3%, ALK -4.6%, UAL -4.4%, LUV -3.7%, JBLU -3.2%, ALGT -1.7%.
    | Apr. 2, 2013, 10:50 AM | 6 Comments
  • Apr. 1, 2013, 12:38 PM
    Airline stocks (FAA) trade are blowing off some steam with regional carriers Republic Airways (RJET -9.8%), Allegiant (ALGT -3%), and Spirit Airlines (SAVE -3.2%) leading the slide. Macroeconomic concerns and a harsh downgrade from Evercore Partners on United Continental (UAL -2.5%) seem to be tipping sentiment.
    | Apr. 1, 2013, 12:38 PM | 2 Comments
  • Mar. 18, 2013, 1:55 PM
    Airlines (FAA) would like to implement a new travel industry booking system which will allow consumers to buy add-ons such as upgraded seats or early boarding when they book flights through a travel website or agent. Trade group IATA filed an application with the DOT seeking an upgrade and to move forward on replacing the antiquated system.
    | Mar. 18, 2013, 1:55 PM | 7 Comments
  • Mar. 12, 2013, 10:50 AM

    CIT Group says it has heard from a number of commercial airline companies seeking an alternative to the Boeing 787 with a quick fix for the troubled jet looking unlikely. Norwegian Air Shuttle and United Continental (UAL -0.4%) are two Boeing customers that are known to be adjusting their fleets, but other unnamed carriers also appear to be scrambling. It's a problem for the sector (FAA) with alternatives to the 787 providing less seats and higher fuel costs in general.

    | Mar. 12, 2013, 10:50 AM | 7 Comments
  • Mar. 11, 2013, 10:16 AM

    Morgan Stanley advises taking profits on airline stocks (FAA) after the impressive rally in the group with oil prices falling and fares holding. The sector is seeing a bit of a pullback today with United Continental (UAL -2.7%) and Delta Air Lines (DAL -1%) faltering the most, but performance is still strong for the year.

    | Mar. 11, 2013, 10:16 AM | 4 Comments
  • Mar. 8, 2013, 9:56 AM

    Airline stocks rally as crude oil prices trek lower again. It's a move some analysts say can sustain with higher fares and trimmed capacity offering margin support. Leading the charge for the sector: United Continental (UAL +5%), Delta Air Lines (DAL +2.6%), Hawaiian Holdings (HA +1.9%), Alaska Air (ALK +1.8%), US Airways (LCC +1.2%), JetBlue (JBLU +1.4%).

    | Mar. 8, 2013, 9:56 AM | 1 Comment
  • Mar. 1, 2013, 10:24 AM

    Airline stocks (FAA) move higher after oil prices push even lower. The timing is good for the sector with a recent fare hike sticking and demand worries on the backburner at the moment. Advancers: DAL +4.8%, UAL +3.6%, LCC +3.3%, JBLU +2.2%.

    | Mar. 1, 2013, 10:24 AM | 1 Comment
  • Feb. 25, 2013, 10:23 AM

    JPMorgan analyst Jamie Baker thinks a recent hike in fares in the airline sector is holding up after two previous attempts earlier this year failed. Airline stocks (FAA +1.5%) are higher on the day with Delta Air Lines (DAL +3.3%) and United Continental (UAL +2.1%) leading the pack.

    | Feb. 25, 2013, 10:23 AM | 1 Comment
  • Feb. 20, 2013, 7:34 AM

    Guggenheim announces it will shutter 9 ETFs "in order to focus resources on products that have demonstrated greater marketplace demand." Final day of trading to be March 15 with liquidation expected to be "on or around" March 22. The affected funds (with direct competitors in parentheses) are: ABCS (SDIV, VYM), EWEF, EWMD, EWSM, FAA, RSU (SSO), RSW (SDS), WFVK and WXSP. (PR)

    | Feb. 20, 2013, 7:34 AM | 13 Comments
  • Feb. 15, 2013, 12:13 PM
    Hedgeye issues some negative comments on the airline sector (AAMRQ.PK, LCC, UAL, DAL, LUV, HA, JBLU, ALK, RJET, ALGT, SAVE): 1) The firm notes that with the merger of U.S. Airways and American Airlines now set, a big catalyst is removed and the path toward actual integration and synergies is still slow. 2) Even if industry consolidation supports a higher fare environment, new low-cost carriers will pop up. 3) Is bigger really better? Several transportation industries have struggled after consolidation instead of thrived.
    | Feb. 15, 2013, 12:13 PM | 2 Comments
  • Feb. 6, 2013, 11:21 AM

    Airline stock move higher with oil prices cooling off on supply jitters. It's welcome relief for the sector after jet fuel prices rose 5% in January alone. Gainers: UAL +3.6%, DAL +2.4%, JBLU +3.2%, LCC +2.8%, ALK +1.1%.

    | Feb. 6, 2013, 11:21 AM
  • Jan. 22, 2013, 11:54 AM

    Airlines get a boost as David Tepper (earlier) argues "the equity is cheap to everything," and the industry has the tailwinds of a strong dollar and "flat" oil prices. DAL +3.5%, UAL +1.2%, LCC +2.8%, LUV +2.2%, SAVE +3%.

    | Jan. 22, 2013, 11:54 AM | 1 Comment
FAA Description
The Guggenheim/NYSE Arca Airline ETF (NYSE:FAA), the "Fund", seeks investment results that correspond generally to the performance, before the Fund's fees and expenses, of an equity index called the NYSE Arca Global Airline Index (the “Airline Index” or the “Index”). The Fund will at all times invest at least 80% of its total assets in common stock, American depositary receipts (“ADRs”) and global depositary receipts (“GDRs”) that comprise the Index and investments that have economic characteristics that are substantially identical to the economic characteristics of the component securities that comprise the Index. Guggenheim Advisors, LLC (the "Investment Adviser") seeks a correlation over time of 0.95 or better between the Fund’s performance and the performance of the Index. A figure of 1.00 would represent perfect correlation. The Fund, using a low cost “passive” or “indexing” investment approach, will seek to replicate, before the Fund’s fees and expenses, the performance of the Airline Index. The Airline Index is a modified equal-dollar weighted Index designed to measure the performance of highly capitalized and liquid U.S. and international passenger airline companies identified as being in the airline industry, as defined below, and listed on developed and emerging global market exchanges. The Fund’s Index Provider, Archipelago Holdings Inc. (“Arca” or the “Index Provider”), an affiliate of NYSE Euronext, Inc., defines “developed markets” as countries with western-style legal systems, transparent financial rules for financial reporting and sophisticated, liquid and accessible stock exchanges with readily-exchangeable currencies.
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Sector: Services
Country: United States
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