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Airline ETF Is in a Holding Pattern

By Don Dion

 About this article:
 On Monday, both British Airways and Aer Lingus reported they have begun to see stabilization in ticket prices. This news helped lift the Claymore/NYSE Arca Airline ETF 2.6% during Monday's trading. British Airways and Aer Lingus represent 1.5% and 1.6% of FAA, respectively. But despite the positive news from European firms, I would advise investors to stay away from FAA. U.S. airlines, which make up the bulk of FAA, are not likely to see a lift this Thanksgiving thanks to low revenue predictions as a result of continued economic stress. With a heavy exposure to less-optimistic domestic airlines and a low trading volume, I don't see much positive for this fund in the near future. FAA is designed to track the performance of the NYSE Arca Global Airline Index. Top holdings in this ETF include Delta Air Lines (15.5%), Southwest Air Lines (15%)...

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