The U.S. Global Jets ETF (JETS) closed up 3.21% in a mixed session for the airline industry. While rising crude oil prices to over $95 a barrel presented significant headwinds, and both American Airlines and Southwest Airlines saw negative stock movement following earnings announcements and analyst downgrades, this was apparently offset by positive sentiment for other major carriers. Notably, reports from the day highlighted that United Airlines had recently increased its earnings outlook and Delta Air Lines had affirmed its positive forecast, suggesting strong demand and operational efficiency are helping to mitigate the impact of higher fuel costs. The positive outlook from these key JETS holdings likely drove the ETF's upward momentum.