Market Check: It’s been a cruisey ride for all, except the cruise lines

SYDNEY, AUSTRALIA - SEPTEMBER 30: Carnival Splendor is escorted into Sydney Harbour by Pacific Adventure on September 30, 2022 in Sydney, Australia. Carnival Cruise Line's Carnival Splendor has returned to Sydney Harbour after almost three years away. Eighteen ships from Carnival Australia's eight brands are set for a peak summer cruise season, making a combined 667 turnarounds and port calls across Australia. (Photo by James D. Morgan/Getty Images for Carnival Cruise Line Australia)

To quote that banging old tune, Travel Weekly is “back once again”! But not “for the renegade master“, this time for the round up of travel stocks (which is just as exciting in our opinion).

Anyhow, enough with the classic house hits and on with the wild world of the stock market.

The below numbers and analysis are taken from this morning’s price for each stock and compared to last Friday morning’s price.

Let’s begin as we always do with the Flying Kangaroo! Qantas jumped up 2.16 per cent, a nice increase for the carrier to put in its pouch and hop away with. The price increase came as Qantas announced its snazzy, eco-friendly new wing tips, but also as a report emerged revealing the airline’s alleged impact on inflation and a strike by its pilots in Western Australia.

The red team and the blue team, that is to say Flight Centre and Helloworld (not Liberal and Labor), both performed nicely, jumping 1.59 per cent and 4.51 per cent respectively. The big agencies’ corporate focused counterpart, Corporate Travel Management, didn’t seem to get the memo and fell nearly 2 per cent, while Webjet ended the week 0.68 per cent up.

It was even-steven for Rex and Air New Zealand as both carriers didn’t move, while Auckland International Airport fell by nearly one per cent.

The seemingly continuously beleaguered Star Entertainment Group saw a bit of a jump. The increase comes as the company’s stock price is a third of what it was a year ago, but it has risen over six per cent since the start of the year.

Overseas, American Airlines soared with a rise of over 5 per cent. A considerable bounce back after it fell by nearly the same amount last week.

Boeing had a fairly nothing week, which the manufacturer probably more than welcomed considering its turbulent start to the year.

But the downfall in the industry was seen on the high seas. Carnival, NCLH and Royal Caribbean hit rough waters this past week. Bearing the worst of it was Carnival, falling over six per cent, while Royal Caribbean dropped 3.95 per cent and NCLH lost 0.57 per cent.

And the blessed Hilton, as it usually does, saw an increase once again; jumping 0.57 per cent.

CompanyOpening priceClosing priceChange (%)
Qantas Airways Ltd (ASX: QAN)$5.56$5.68+ 2.16
Flight Centre Travel Group (ASX: FLT)$21.39$21.73+ 1.59
Helloworld Travel Ltd (ASX: HLO)$2.44$2.55+ 4.51
Webjet Ltd (ASX: WEB)$7.40$7.45+ 0.68
Corporate Travel Management Ltd (ASX: CTD)$20.57$20.18– 1.90
Star Entertainment Group Ltd (ASX: SGR)$0.55$0.56+ 1.82
Regional Express Holdings Ltd (ASX: REX)$0.90$0.900.00
Air New Zealand Ltd (ASX: AIZ)$0.60$0.600.00
Auckland International Airport Ltd (ASX: AIA)$7.98$7.91– 0.88
American Airlines Group Inc (NASDAQ: AAL) (USD)$14.20$14.95+ 5.28
Boeing Co (NYSE: BA) (USD)$209.00$209.22+ 0.11
Carnival PLC (NYSE: CUK) (USD)$15.21$14.29– 6.05
Hilton Hotels Corporation Common Stock (NYSE: HLT) (USD)$193.72$194.55+ 0.43
Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) (USD)$17.60$17.50– 0.57
Royal Caribbean Cruises Ltd (NYSE: RCL) (USD)$125.94$120.97– 3.95

(Featured Image: Carnival Splendor being escorted into Sydney Harbour by Pacific Adventure – Supplied)

Latest News

  • Cruise

P&O rescues Rotary volunteers after collapse of Air Vanuatu

P&O Cruises Australia has answered a plea for help from a group of young Australian Rotary volunteers, stranded in Vanuatu following the collapse of Air Vanuatu. The students, many of them teenagers from Albury, NSW, were volunteering for a youth project run by the Hive Rotary Club Australia when the airline abruptly cancelled all flights, […]

  • Destinations

Intrepid continues expansions with launch of first DMC in Jordan

Intrepid has increased its presence in the Middle East with the opening of its first destination management company in Jordan. Based in Amman, the local team will operate Intrepid’s range of nine experiential small group tours in Jordan from this summer, with a view to expanding the range for 2025 and beyond. Zina Bencheikh, managing […]

  • Appointments

Minor hotels appoints Puneet Dhawan to key Asia role

Global hotel owner and operator Minor Hotels has appointed Puneet Dhawan as head of Asia as the group plots its growth in Asia and India. From July, Dhawan will be responsible for the performance of all Minor Hotels properties in Asia, working in close collaboration with the Minor Hotels senior leadership team and will report […]

  • Appointments

Abercrombie & Kent and Crystal appoint Evon Ler to director of sales, Asia

Abercrombie & Kent Travel Group have announced that Evon Ler will join them in the new role of director of sales, Asia. She will work closely with Tony Archbold (VP, Sales, APAC, Crystal) and Susan Haberle (VP, Sales & Partnerships, APAC, A&K) with trade support across the region. Ler comes to the A&K family with more […]