Flying High On Airline Stocks Air Canada Appeals To Momentum Investors, US Global Jets ETF For Industry Exposure

My wealthy friend Jim is gloating again these days, this time over his investment in Air Canada (AC/TSX). During a pause between games of pool in the billiard room of his palatial home, Jim showed me a well-worn logbook —he doesn’t bother with computers — and thumbed backward to an entry he’d made in 2012. The entry showed an initial purchase of 5,000 shares of Air Canada for $9,050 plus a $10 commission. For him, that was a relatively small wager in a company whose...