The airline sector is trading higher in the pre-market session, with the JETS ETF up 3.20%. The primary driver appears to be news of intensified bidding for Portuguese flag carrier TAP. Both Lufthansa and Air France-KLM have reportedly submitted final offers exceeding EUR 1 billion for a minority stake in the airline. This development signals continued consolidation within the European airline industry, which is being positively interpreted by the market as it could lead to improved pricing power and a more stable competitive environment across the transatlantic market. A decision on the winning bid is expected by mid-October.