Market Check: Up is where it’s all going, except for Boeing

Alaska Airlines Boeing 737 MAX 9 airplane registration number N975AK parked at Daniel K. Inouye International Airport - Honolulu, Hawaii, USA - 2022

Happy new year and welcome back to our weekly round up of travel companies on the stock market!

This week has been relatively smooth sailing for every company in our list except one. It’s anyone’s guess which one it was!

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 gotten the year off to a good start! A jump of 2.46 per cent this week has put the airline in a promising position as it looks to regain its once highly-esteemed status in the Australian travel community after a tumultuous 2023.

The Australian national carrier’s Kiwi counterpart, Air New Zealand, broke even over the past week, while Rex followed suit.

The main Aussie travel agencies kicked off the year quite well, with a 3.24 per cent jump for Flight Centre, a 0.43 per cent increase for Helloworld and a whopping 4.33 per cent increase for Corporate Travel Management. The agencies’ digital counterpart, Webjet, apparently didn’t get the message this week and saw a drop of nearly one per cent.

Meanwhile Auckland International Airport and Star Entertainment Group saw similar rises of 3.70 and 3.85 per cent respectively.

Overseas, the hotly-discussed Boeing suffered a shocking week on the stock market with a nine per cent drop. This came after the emergency door on an Alaska Airlines 737 MAX 9 jet blew out mid-flight, leading to the international grounding of the aircraft. Dave Calhoun, the manufacturer’s CEO, has owned up to the mistake and said his company will facilitate an ongoing investigation by the US National Transportation Safety Board.

American Airlines, which hasn’t been impacted by the Boeing fallout and doesn’t have any MAX 9s in its fleet, saw an enormous rise of 11.89 per cent this past week.

On the water, Royal Caribbean, NCLH and Carnival all continued on their upward trajectory with a boost of 4.10, 1.21 and 2.94 per cent respectively. Back on land, Hilton saw an increase of nearly two per cent.

CompanyOpening priceClosing priceChange (%)
Qantas Airways Ltd (ASX: QAN)$5.28$5.41+ 2.46
Flight Centre Travel Group (ASX: FLT)$20.05$20.70+ 3.24
Helloworld Travel Ltd (ASX: HLO)$2.33$2.34+ 0.43
Webjet Ltd (ASX: WEB)$7.30$7.23– 0.96
Corporate Travel Management Ltd (ASX: CTD)$19.15$19.98+ 4.33
Star Entertainment Group Ltd (ASX: SGR)$0.52$0.54+ 3.85
Regional Express Holdings Ltd (ASX: REX)$0.85$0.850.00
Air New Zealand Ltd (ASX: AIZ)$0.60$0.600.00
Auckland International Airport Ltd (ASX: AIA)$7.83$8.12+ 3.70
American Airlines Group Inc (NASDAQ: AAL)$13.04$14.59+ 11.89
Boeing Co (NYSE: BA)$245.04$222.66– 9.13
Carnival PLC (NYSE: CUK)$15.33$15.78+ 2.94
Hilton Hotels Corporation Common Stock (NYSE: HLT)$178.60$182.15+ 1.99
Norwegian Cruise Line Holdings Ltd (NYSE: NCLH)$17.30$17.51+ 1.21
Royal Caribbean Cruises Ltd (NYSE: RCL)$118.56$123.42+ 4.10

(Featured Image: Alaska Airlines Boeing 737 MAX 9 – iStock/Michael Vi)

Latest News

  • Aviation

Low-cost Indian carrier SpiceJet continues to burn cash

It’s not just low-cost Australian carriers that are facing hardship. SpiceJet, India’s version of Bonza, recently announced a 72 per cent reduction in its net loss versus last year. But, despite this improvement, the airline has posted losses for six straight years. But it has secured board approval to raise up to INR 30 billion […]

  • Attractions

SAKA Museum recognised in TIME magazine’s World’s Greatest Places 2024

AYANA Resort Bali’s newly-opened cultural and events centre, SAKA Museum has been recognised in TIME magazine’s World’s Greatest Places list for 2024. Part of AYANA Bali’s resort destination, the museum integrates Bali’s rich history with state-of-the-art facilities, making it the centrepiece for the island’s spiritual and cultural heritage. TIME magazine’s inclusion of SAKA Museum in […]

  • Cruise

Silversea taps Barbara Biffi as senior vice president for global sales

Ultra-luxury and expedition cruise travel brand, Silverseas, has announced Barbara Biffi as its new senior vice president of global sales. Biffi joined the company in 2007, holding numerous positions and gaining a deep understanding of the brand, the preferences of its guests and its strategic goals, the company said. An Italian national with a wealth […]

  • Technology
  • Travel Agents

Amadeus welcomes FCM Travel as new reseller partner of Cytric Easy

Cytric Easy, the travel management tool embedded in Microsoft Teams, is to be integrated into FCM Travel portfolio. Amadeus and FCM Travel have extended their Cytric distribution agreement to include Cytric Easy. With this new agreement, global travel management company FCM Travel, becomes a reseller of the innovative travel management collaboration solution embedded into Microsoft […]