Cruise stocks hit more rough water – Market Check

Cruise stocks hit more rough water – Market Check

You know what time it is! It’s time to celebrate the incredible week that was and take a look at some travel stocks.

This is basically Travel Weekly’s way of saying “TGIF!”

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

Qantas has continued to gain altitude with a 2.64 per cent rise over the past week. Within the past month alone, the Flying Kangaroo has soared, jumping over 12 per cent despite the airline’s long list of post-COVID woes. But the big carrier is back and its share price is following the trajectory of its planes (well, on take-off at least).

The big red one (Flight Centre, that is) increased by 0.65 per cent, while its blue counterpart (Helloworld) ended up even. Webjet saw a nice jump of nearly one per cent, but Corporate Travel Management performed the worst of the agencies, dropping over three and a half per cent.

Kiwis’ favourite airline, Air New Zealand, came up even once again this week, while Auckland International Airport, the carrier’s favourite airport (sorry Christchurch), wasn’t so fortunate, falling 3.65 per cent.

In the US all stocks dropped over the past week except for one.

American Airlines fell less than one per cent after a staggering rise last week of over five per cent. Its favourite manufacturer (we assume), Boeing dropped 2.12 per cent as the manufacturer’s share price has stabilised after nosediving earlier in the year.

It was another tough week for the three major cruise lines. After Carnival’s 6 per cent loss last week, the cruise line lost another 2.38 per cent. Royal Caribbean dropped by 2.64 per cent this week, bringing its fortnightly loss to over six per cent, while NCL copped the worst of it this week. The cruise line, which only fell by 0.57 per cent last week, dropped by nearly six per cent this week. Tough times for the high seas sailors!

And, as you could probably guess, Hilton performed well once again, rising 1.25 per cent. The major hotel brand has jumped over 27 per cent this past six months and it only seems to be going up.

Anyway, happy Friday all. We hope this stats ridden article has left you invigorated.

CompanyOpening priceClosing priceChange (%)
Qantas Airways Ltd (ASX: QAN)$5.68$5.83+ 2.64
Flight Centre Travel Group (ASX: FLT)$21.63$21.77+ 0.65
Helloworld Travel Ltd (ASX: HLO)$2.57$2.570.00
Webjet Ltd (ASX: WEB)$7.49$7.56+ 0.93
Corporate Travel Management Ltd (ASX: CTD)$20.12$19.39– 3.63
Star Entertainment Group Ltd (ASX: SGR)$0.56$0.55– 1.79
Regional Express Holdings Ltd (ASX: REX)$0.90$0.88– 2.22
Air New Zealand Ltd (ASX: AIZ)$0.60$0.600.00
Auckland International Airport Ltd (ASX: AIA)$7.94$7.65– 3.65
American Airlines Group Inc (NASDAQ: AAL) (USD)$15.03$14.90– 0.86
Boeing Co (NYSE: BA) (USD)$209.77$205.33– 2.12
Carnival PLC (NYSE: CUK) (USD)$14.26$13.92– 2.38
Hilton Hotels Corporation Common Stock (NYSE: HLT) (USD)$193.74$196.16+ 1.25
Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) (USD)$17.56$16.51– 5.98
Royal Caribbean Cruises Ltd (NYSE: RCL) (USD)$121.00$117.81– 2.64

Email the Travel Weekly team at traveldesk@travelweekly.com.au

qantas

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