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Travel stocks have taken off lately as Covid-related restrictions are being lifted in many countries. Shares of major airlines are jumping today after they announced they would stop requiring masks.

Delta Air Lines (DAL - Free Report) reported last week that it returned to profitability in March. Its management said travel demand is so strong that the company has been able to offset fuel costs through higher fares. In fact, airline travel is one of the fastest rising components in the recent CPI reports.

This summer is expected to be the busiest travel season since the start of the pandemic. As consumers remain flush with cash, they are willing to pay higher fares.

While corporate travel has started making a comeback, it may remain below its pre-pandemic levels, as more businesses just use virtual meetings now.

The U.S. Global Jets ETF (JETS - Free Report) invests in the US and non-US airline companies and operators. American Airlines (AAL - Free Report), United Airlines (UAL - Free Report), and Delta are its top holdings.

The ETFMG Travel Tech ETF (AWAY - Free Report) provides exposure to technology companies in the global travel and tourism industry. Airbnb (ABNB - Free Report) and Expedia Group (EXPE - Free Report) are among its holdings.

The Defiance Hotel, Airline, and Cruise ETF (CRUZ - Free Report) holds airline, hotel, and cruise stocks. Norwegian Cruise Line (NCLH - Free Report) are Carnival (CCL - Free Report) are its top holdings.

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