The travel industry continues to experience a surge, with air travel reaching record levels. Despite strong results from United Airlines and expectations of positive reports from other airlines this week, I maintain a hold rating on the U.S. Global Jets ETF (JETS). While the ETF appears undervalued, its momentum remains weak, and a market correction is underway. Key factors to consider include JETS’ concentrated exposure to a few airline stocks, lofty expense ratio, and neutral long-term technical outlook. Although the sector may see cyclical upswings, headwinds such as rising oil prices and JETS’ seasonal underperformance through October should be taken into account.