JETS airline ETF heads for 5-day losing streak

The airline-tracking U.S. Global Jets ETF JETS dropped 0.7% on Wednesday, threatening to extend its losing streak to five straight sessions and on track for its lowest close since June 3, according to Dow Jones Market Data. Shares of Southwest Airlines LUV, the fund’s second-biggest holding, were down 2.7% after the carrier said it booked record revenue for the Labor Day weekend, but noted close-in leisure bookings in August were on the lower end of expectations. Shares of other top holdings, including United Airlines UAL, American Airlines AAL and Delta Air Lines DAL were trading higher on Wednesday. Several airlines…