Webjet’s stellar performance sends share price through the roof – Market Check

Webjet’s stellar performance sends share price through the roof – Market Check

It’s a Friday and do you know what that means? It’s stock time! Woohoo!

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

Qantas is gaining altitude once again after the carrier’s share price hit a bit of turbulence over the past month. The airline’s share price jump comes despite hearings at the airline’s illegal sacking compensation trial detailing the detrimental impact the firing had on some of its former staffers. Some former staffers claimed that the sacking led them to prescription medication use, while others alleged that it spurred family break ups.

Flight Centre only fell by about half a per cent while Helloworld and Corporate Travel Management rose 3.45 and 1.58 per cent respectively.

Webjet was the real winner in this space rising a whopping 14.04 per cent! The online agency’s soaring price came after it held its 2024 WebBeds Strategy Day where it revealed is on track to achieve total transaction value (TTV) of $4 billion in FY24 and then $5 billion in FY25. It is also targeting a TTV of $10 billion in FY30.

Rex and Star both ended where they started while across the Tasman, Air New Zealand rose by 1.82 per cent and Auckland International Airport dropped by 0.78 per cent.

American Airlines was back in the black this week with a rise of over six per cent. This came after a drop of nearly five per cent last week as Boeing’s woes spread to the airline. Speaking of Boeing, the manufacturer saw a similar performance to American, rising by 3.7 per cent as it looks to shake the price drop it suffered amid its failure-ridden audit.

Cruise-side it was all fabulous! NCL was the big winner with a rise of nearly seven per cent, while its high-seas roaming counterparts Carnival and Royal Caribbean jumped by 5.32 and 5.47 per cent respectively.

And Hilton rose once again with a jump of 2.58 per cent.

CompanyOpening priceClosing priceChange (%)
Qantas Airways Ltd (ASX: QAN)$5.07$5.29+ 4.34
Flight Centre Travel Group (ASX: FLT)$21.44$21.32– 0.56
Helloworld Travel Ltd (ASX: HLO)$2.90$3.00+ 3.45
Webjet Ltd (ASX: WEB)$7.62$8.69+ 14.04
Corporate Travel Management Ltd (ASX: CTD)$17.14$17.41+ 1.58
Star Entertainment Group Ltd (ASX: SGR)$0.52$0.520.00
Regional Express Holdings Ltd (ASX: REX)$0.80$0.800.00
Air New Zealand Ltd (ASX: AIZ)$0.55$0.56+ 1.82
Auckland International Airport Ltd (ASX: AIA)$7.69$7.63– 0.78
American Airlines Group Inc (NASDAQ: AAL) (USD)$13.94$14.78+ 6.03
Boeing Co (NYSE: BA) (USD)$181.00$187.70+ 3.70
Carnival PLC (NYSE: CUK) (USD)$14.65$15.43+ 5.32
Hilton Hotels Corporation Common Stock (NYSE: HLT) (USD)$205.25$210.55+ 2.58
Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) (USD)$19.23$20.54+ 6.81
Royal Caribbean Cruises Ltd (NYSE: RCL) (USD)$128.75$135.79+ 5.47

 

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

Market Check

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