Guggenheim Airline ETF (FAA) - NYSEARCA
FAA is defunct since March 15, 2013. Lack of investor interest
  • Dec. 17, 2012, 9:47 AM
    Airline stocks race to early gains after Dahlman Rose issues a sweeping upgrade on the sector. Advancers include JetBlue (JBLU +3.1%), United Continental (UAL +3.3%), US Airways (LCC +1.1%), and Delta Air Lines (DAL +2.3%). The bullish call from the firm: "We're going all in."
    | Dec. 17, 2012, 9:47 AM | 1 Comment
  • Oct. 29, 2012, 3:43 AM
    Hurricane Sandy has caused the grounding of over 6,800 commercial flights so far. The cancellations are likely to hurt Q4 earnings, says consultant R.W. Mann & Co, although the airlines could make up some of the revenue as passengers reschedule flights. Affected carriers include AMR, United Continental (UAL), Delta (DAL), JetBlue (JBLU), US Airways (LCC).
    | Oct. 29, 2012, 3:43 AM | 1 Comment
  • Sep. 23, 2012, 3:54 AM

    In addition to authorizing a spending bill, the Senate has also passed a measure that would give the transportation secretary the authority to stop U.S. airlines from complying with an EU scheme to cut carriers' carbon emissions. The bill, which now has to be reconciled with a House measure, ups the pressure on the UN's aviation organization to formulate a global alternative to the EU law.

    | Sep. 23, 2012, 3:54 AM | 2 Comments
  • Aug. 28, 2012, 5:25 AM
    As fuel costs rise and airlines cut capacity, they've increased their international partnerships and joint ventures on specific routes, and become "metal neutral." That means it's less important to carriers whether a passenger flies on their planes or on a partner's, as they're sharing the money and co-ordinating schedules.
    | Aug. 28, 2012, 5:25 AM
  • Jul. 17, 2012, 9:17 AM

    Should the tight regulation on foreign ownership of U.S. airlines be reconsidered? That's the question posed by industry watcher George Hobica as he can't help but notice the bubbly profits and efficiencies the beer industry kicks up with foreign ownership the norm. Though national security has to be a consideration in the equation, so do endless years of unprofitability and bankruptcies.

    | Jul. 17, 2012, 9:17 AM | 8 Comments
  • Jul. 8, 2012, 4:26 AM

    Dealmaking will probably be less frenetic at this week's Farnborough Airshow than in previous years and at Paris in 2011. The eurozone recession, the looming automatic defense cuts in the U.S., and falling airline profits are among the reasons, as is the recent airline buying spree, which has caused a major backlog at the big plane makers.

    | Jul. 8, 2012, 4:26 AM
  • Jul. 3, 2012, 8:28 AM

    The IATA reports a general downtrend for global air traffic, with passenger traffic nearly flat M/M and freight demand down. Soft oil prices couldn't overcome a drop in business and consumer confidence. The latest forecast for the industry from the agency calls for a slim $3B profit for the year on $631B in revenue.

    | Jul. 3, 2012, 8:28 AM | 1 Comment
  • Jul. 3, 2012, 8:08 AM

    Global financial crisis be damned, Boeing (BA) increases its estimates for commercial-jet sales over the next 20 years to $4.5T from around 4T in a prior estimate. The aircraft maker also forecasts that 34K planes will be sold, up from 33,500 prior. However, Boeing does moderate its outlook for cargo-traffic growth.

    | Jul. 3, 2012, 8:08 AM | 1 Comment
  • Jun. 11, 2012, 4:34 AM

    The global airline industry will likely post a second consecutive year of net profit declines, says the IATA, as the impact of the eurozone debt crisis offsets the boost from lower oil prices, stronger-than-expected growth in passenger traffic and an improved freight market. The expected industry net profit of $3B is less than half the $7.9B of 2011, and a far cry from 2010's $15.8B.

    | Jun. 11, 2012, 4:34 AM | 1 Comment
  • Jun. 7, 2012, 8:20 AM

    The global airline industry is nowhere near a recovery, and profitability will remain under pressure amid high oil prices, IATA exec Tony Tyler says. Demand for air freight, which typically contributes the bulk of airlines' earnings, is weak, he says. But an industry bright spot is China, whose airlines contributed nearly half the industry's aggregate profits in 2011.

    | Jun. 7, 2012, 8:20 AM
  • Jun. 5, 2012, 9:42 AM

    U.S. Airways (LCC +0.6%) reports that its load factor slipped 0.9% to 5.5B revenue passenger miles. It's a relatively minor report, but it hits a sector where of late if one company sneezes the rest seem to catch a cold.

    | Jun. 5, 2012, 9:42 AM
  • Jun. 5, 2012, 8:29 AM

    Airline stocks could get a lift as more analysts come out with takes that yesterday's selloff was overdone. Following up JPMorgan's note highlighting that it was local competition and not macroeconomic factors behind Delta's May traffic bust, Sterne Agee is also looking for a sector rally. Premarket: DAL +1.0%, UAL +1.2%, JBLU +1.4%.

    | Jun. 5, 2012, 8:29 AM
  • Jun. 4, 2012, 12:24 PM

    Airline stocks (FAA -2.8%) are hit by a wave of selling as Delta (DAL -8.7%) reports passenger unit revenue rose less than expected in May and as the sector has enjoyed a big run-up this year on weakening crude oil prices. Delta, United Continental (UAL -6.2%) and US Airways (LCC -8.1%) are among the day's biggest decliners.

    | Jun. 4, 2012, 12:24 PM | 2 Comments
  • May 25, 2012, 12:13 PM
    Airbus (EADSY.PK) considers a plan to put larger seats on aisle seats of new A320a so that carriers can earn extra revenue on passengers that want (or need) extra space. The move would mark yet another incremental step in the industry toward a pay-for-services-used model that Spirit Airlines (SAVE +1.6%) seems to be making a splash with.
    | May 25, 2012, 12:13 PM
  • May 21, 2012, 10:48 AM

    Airline companies including Delta Air Lines (DAL +2.5%) and US Airways (LCC +4.1%) are raising fares to take advantage of peak summer demand, according to data compiled by an industry-watching group. Things could be looking up for the sector with key metrics such as revenue per seat mile tipping toward a more productive summer for carriers just as aviation fuel prices start to fall back and capacity is trimmed to profitable levels.

    | May 21, 2012, 10:48 AM
  • May 18, 2012, 8:06 AM

    Delta Air Lines (DAL) president Ed Bastain adds some more insight into the carrier's plan to cut capacity which he calls a "proactive measure." He says Delta's total capacity will be down 3%-4%, with routes across the Atlantic cut by 5% after Labor Day and Pacific routes only reduced slightly. The NYSE Arca Airline ETF -6.7% for the week, with capacity concerns stepping up across the sector.

    | May 18, 2012, 8:06 AM
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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