Qantas experienced some turbulence, but it’s Rex that’s really nosedived – Market Check

Qantas experienced some turbulence, but it’s Rex that’s really nosedived – Market Check

How was your week? Fine? Good? So bad that the only thing that will cure it is an examination of how travel companies performed on the stock market?

Well, anyway it’s a Friday again so that means those in the last camp have the medicine they need! Woohoo!

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

To say Qantas went up and down this week would not be inaccurate! The National Carrier started off the week at $5.17 and plummeted down to $5.02 before a fantastic climb yesterday back to $5.14. Qantas’ turbulence comes after a staggering drop over the past month, losing nearly 10 per cent of its share price amid a new chairman announcement and a lower profit performance than was anticipated.

But while Qantas may have ended up nearly even, it was Rex that didn’t recover from its nosedive, falling by nearly 8 per cent over the past week. Rex’s woes come as the airline’s share price has fallen by over 22 per cent in the past six months and by more than 43 per cent in the past 12 months. The carrier has had to reduce its capacity over this period and struggled with cutthroat tactics by its competitors.

Agency-side it was fairly smooth sailing this week. Flight Centre and Helloworld both dropped by less than one per cent, while Webjet shot up 1.14 per cent and Corporate Travel Management had an incredible week, rising by over four per cent.

Meanwhile on the ASX, Star jumped by nearly two per cent, Air New Zealand fell by nearly two per cent and Auckland Airport only dropped by 0.13 per cent.

Over in the states, American Airlines’ performance was similar to that of Rex’s. The carrier fell by 4.97 per cent this past week after climbing up by approximately the same amount over the three weeks prior.

Boeing didn’t really go all that much with a drop of nearly half a per cent, while Hilton had a similar performance, but in the other direction.

And, as is in the name, the cruise lines had a bit of a cruisey one with Royal Caribbean and NCL jumping by nearly one per cent while Carnival dropped 1.66 per cent.

CompanyOpening priceClosing priceChange (%)
Qantas Airways Ltd (ASX: QAN)$5.17$5.14– 0.58
Flight Centre Travel Group (ASX: FLT)$21.25$21.08– 0.80
Helloworld Travel Ltd (ASX: HLO)$2.75$2.73– 0.73
Webjet Ltd (ASX: WEB)$6.99$7.07+ 1.14
Corporate Travel Management Ltd (ASX: CTD)$15.95$16.65+ 4.39
Star Entertainment Group Ltd (ASX: SGR)$0.52$0.53+ 1.92
Regional Express Holdings Ltd (ASX: REX)$0.88$0.81– 7.95
Air New Zealand Ltd (ASX: AIZ)$0.58$0.57– 1.72
Auckland International Airport Ltd (ASX: AIA)$7.62$7.61– 0.13
American Airlines Group Inc (NASDAQ: AAL) (USD)$15.68$14.90– 4.97
Boeing Co (NYSE: BA) (USD)$204.00$203.03– 0.48
Carnival PLC (NYSE: CUK) (USD)$14.48$14.24– 1.66
Hilton Hotels Corporation Common Stock (NYSE: HLT) (USD)$204.01$204.94+ 0.46
Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) (USD)$19.47$19.63+ 0.82
Royal Caribbean Cruises Ltd (NYSE: RCL) (USD)$123.25$124.35+ 0.89

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