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Guggenheim Airline ETF (FAA)

FAA is defunct since March 15, 2013. Lack of investor interest
  • 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. 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. 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. 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 | Comment!
  • 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
  • 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 | Comment!
  • 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 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 | Comment!
  • 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 | Comment!
  • 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 | Comment!
  • 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
  • Dec. 16, 2011, 3:52 PM
    Delta Airlines (DAL +5.1%) joins a broader rally in airline stocks (FAA +2.8%) after announcing a major expansion of its flight offerings for its LaGuardia Airport hub, the fruits of a slot swap with US Airways (LCC). Total flights out of LaGuardia will increase by 60%, with many of the new routes targeting the hubs of rival carriers.
    | Dec. 16, 2011, 3:52 PM | 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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