Shares of airline companies gained ground in premarket trading Tuesday, even Boeing Co. /zigman2/quotes/208579720/composite BA +0.67% Chief Executive David Calhoun said on NBC's "Today" show that a major carrier will "most likely" go out of business as a result of the COVID-19 pandemic. The U.S. Global Jets ETF /zigman2/quotes/207744796/composite JETS +0.18% rose 0.4%, with the stocks of the major carriers call gaining ground. Calhoun also said in an interview with "Today" host Savannah Guthrie that it could take three to five years for the airline industry to recover to pre-COVID-19 levels. Among the major U.S. carriers, as identified as components of the Dow Jones Transportation Average /zigman2/quotes/210598063/realtime DJT +0.47% , shares of American Airlines Group Inc. /zigman2/quotes/209207041/composite AAL +0.67% rose 0.5%, United Airlines Holdings Inc. /zigman2/quotes/205037281/composite UAL -0.06% gained 1.6%, Delta Air Lines Inc. /zigman2/quotes/200327741/composite DAL 0.00% climbed 2.0%, Southwest Airlines Co. /zigman2/quotes/201071949/composite LUV -0.36% rallied 1.4%, JetBlue Airways Corp. /zigman2/quotes/207639051/composite JBLU +0.95% advanced 2.0% and Alaska Air Group Inc. /zigman2/quotes/200972303/composite ALK +0.44% hiked up 2.2%. The Jets ETF has tumbled 58.5% over the past three months through Monday, while the Dow transports has dropped 25.2% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.68% has lost 18.0%.