Guggenheim Airline ETF (FAA) - NYSEARCA
FAA is defunct since March 15, 2013. Lack of investor interest
  • May 7, 2012, 10:06 AM

    Airline stocks move higher on a weak tape as lower oil prices continue to bode well for the bottom lines of carriers. Yet, Barron's has a warning, reminding investors that airline stocks tend to be rented - not bought - as the "quintessential cyclical canaries in the coal mine." Sector leaders: UAL +3.5%, DAL +1.4%, LCC +1.5%, LUV +0.8%.

    | May 7, 2012, 10:06 AM
  • May 4, 2012, 9:57 AM
    Airliners have been quietly raising baggage fees since last September, according to a USA Today survey. While Spirit Airlines (SAVE +0.1%) is the clubhouse leader with a whopping $100 carry-on fee, other carriers are sneaking in extra fees on extra bags and international flights after seeing bottom lines gains trump consumer complaints. Raking it in: DAL, UAL, JBLU, ALK, LCC, ALGT. Bags fly free: LUV.
    | May 4, 2012, 9:57 AM | 2 Comments
  • Apr. 23, 2012, 12:46 PM

    Airlines are increasingly confident about their profitability and outlook for the next year, a survey from the IATA shows. "With the U.S. economy showing improvement and emerging markets continuing to grow strongly, expectations for passenger traffic volumes have become more optimistic," the trade group says.

    | Apr. 23, 2012, 12:46 PM
  • Apr. 3, 2012, 5:04 AM

    Passenger air traffic rose 8.6% and cargo demand rose 5.2% in February from the previous year, says the IATA, but several factors inflated the results, including weaker traffic during the Arab Spring a year ago. "The outlook is fragile... Weak economic conditions and rising fuel costs are a double-whammy that an industry anticipating a 0.5% margin can ill-afford."

    | Apr. 3, 2012, 5:04 AM
  • Mar. 22, 2012, 8:16 AM
    More air carriers will go bust this year as fuel costs and sluggish economies undermine profitability, Emirates president Tim Clark tells Bloomberg. “We can reel off a whole load of airlines that are teetering on the brink or are really gone. Roll this forward to Christmas, another eight or nine months, and we’re going to see this industry in serious trouble."
    | Mar. 22, 2012, 8:16 AM | 3 Comments
  • Mar. 20, 2012, 5:51 AM

    The IATA lowers its industry outlook on the back of high oil prices, and expects airlines to turn a $3B profit in 2012 for a 0.5% margin vs. earlier forecasts of $3.5B. The expected average price of oil is pegged at $115/barrel, up from $99. (IATA statement)

    | Mar. 20, 2012, 5:51 AM
  • Feb. 29, 2012, 5:15 AM

    Passenger air traffic rose 5.7% Y/Y in January, says the IATA, but air freight demand declined 8% Y/Y. Stripping out distortions from the Chinese New Year's occurrence in January (vs. in February last year), "the underlying trend was for stronger passenger growth, while stabilized weakness in cargo markets continues."

    | Feb. 29, 2012, 5:15 AM
  • Feb. 22, 2012, 9:05 AM

    After airline stocks fell sharply as a group yesterday, Dahlman Rose's Helane Becker takes all the suspense out of the sector move. "The stocks are just going to move with oil, it's as simple as that."

    | Feb. 22, 2012, 9:05 AM
  • Feb. 21, 2012, 1:24 PM

    Airline stocks take a tumble as oil prices show strong gains tied to more saber-rattling by Iran. The sector is engulfed in red on worries of higher costs for aviation fuel, led by sharply declining LCC -12.3%, DAL -10.3%, UAL -9.7%, JBLU -8.9%, ALGT -8.3%, LUV -4%.

    | Feb. 21, 2012, 1:24 PM
  • Feb. 14, 2012, 2:25 AM

    The EU's controversial carbon emissions tax could erode more than 30% of the airline industry's profits, warns IATA chief Tony Tyler. The first year of implementation could cost $1.2B, with worldwide profit pegged at $3.5B this year, and there's the possibility that costs could "balloon" in future years.

    | Feb. 14, 2012, 2:25 AM | 3 Comments
  • Feb. 13, 2012, 1:50 AM

    Boeing (BA) expects global airline passenger growth of 5% this year, slightly below last year's 6% growth but still fairly resilient given Europe's ongoing sovereign debt problems.

    | Feb. 13, 2012, 1:50 AM
  • Feb. 7, 2012, 5:56 AM

    The Senate approves a sweeping aviation bill authorizing $63B in spending for FAA programs. Also included in the bill is a statement opposing the EU's controversial law that makes airlines pay for carbon emissions from their aircrafts that fly over Europe.

    | Feb. 7, 2012, 5:56 AM
  • Jan. 31, 2012, 9:24 AM
    House members and consumer groups continue to push for a law as part of the new FAA bill that will penalize airlines for long tarmac delays. Advocates point out that enacting a law would make it harder for carriers to skirt the current DOT rules that allow for fines of up to $27.5K per passenger for tarmac delays of over 3 hours for domestic flights and 4 hours for international routes.
    | Jan. 31, 2012, 9:24 AM
  • Jan. 30, 2012, 10:19 AM

    Buyer or seller? Talk of Delta Air Lines (DAL +0.1%) making a run to buy US Airways (LCC +2.7%) continues, even as LCC prepares to submit a merger plan with AMR (AAMRQ.PK) that would help the carrier boost revenue and profits.

    | Jan. 30, 2012, 10:19 AM | 1 Comment
  • Jan. 13, 2012, 11:05 AM
    Is Delta Air Lines (DAL -0.9%) just playing defense?: Industry analyst Jeff Straebler speculates that DAL may be dancing with American Airlines (AAMRQ) as a ploy to "disrupt" the carrier's journey through bankruptcy and make it harder for a rival to snap up assets.
    | Jan. 13, 2012, 11:05 AM | 1 Comment
  • Jan. 12, 2012, 3:55 PM

    That makes three: The WSJ reports that US Airways (LCC +2.1%) is a potential bidder for American Airlines (AAMRQ) - joining Delta Air Lines and TPG (previous: I,II) as firms that are reportedly kicking AMR's tires.

    | Jan. 12, 2012, 3:55 PM
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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