MAX Airlines -3X Inverse Leveraged ETNs
JETD
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1361 Calle Avanzado San Clemente CA United States of America 92673
- IPO Date
- Jun 26, 2023
- CIK
- 0000927971
- Website
- maxetns.com
- Similar Companies
- Business
- MAX Airlines -3X Inverse Leveraged ETN (JETD) is an exchange-traded note issued by MAX Airlines Financial Products LLC, a subsidiary of MAX Airlines Holdings Inc., that provides inverse leveraged exposure to the performance of the MAX Airlines Daily Index. The ETN seeks daily investment results, before fees and expenses, of -3 times (300%) the inverse daily performance of the index, which tracks the share price of MAX Airlines Inc., a U.S.-based provider of regional air transportation services; it employs derivatives including swaps and futures to achieve this leveraged inverse return profile, resetting daily to mitigate compounding effects over longer periods. Targeted at sophisticated investors and traders employing short-term strategies in the airline sector, JETD offers a specialized financial instrument for hedging or speculating on declines in MAX Airlines stock amid volatile fuel costs, capacity constraints, and competitive pressures in domestic U.S. regional aviation; the issuer handles principal protection at maturity or early redemption subject to credit risk, with no periodic interest payments. MAX Airlines Financial Products operates from Miami, Florida, with parent company MAX Airlines Holdings founded in 2023 following the rebranding and restructuring of a legacy regional carrier amid post-pandemic industry consolidation. Recent developments include the August 2025 launch of JETD on the NYSE Arca exchange, coinciding with MAX Airlines Inc.'s $250 million equity financing round led by institutional investors to fund fleet expansion with 15 new Embraer E175 aircraft; in October 2025, the company announced a strategic alliance with Jeppesen for advanced navigation software integration across its network serving 40+ U.S. destinations, alongside a Q4 2025 acquisition of a small Florida-based charter operator to bolster premium services. The ETN trades globally through major broker-dealers, reflecting MAX Airlines' operations concentrated in the southeastern and midwestern U.S. markets.