Market Check: Boeing just can’t catch a break
What’s that? It’s Friday once again and you’re here to get the latest on how travel stocks are performing?
Well we couldn’t be more excited to come back with the hot gossip on the industry (and by hot gossip we mean publicly available information that anyone can access).
The below numbers and analysis are taken from this morning’s price for each stock and compared to last Friday morning’s price.
Qantas got the week off to a shocking start with a three and a half per cent drop on just Monday alone! The carrier slowly ascended back to cruising altitude but it didn’t manage to turn the red airline black (financially speaking). And while its livery isn’t red, Rex certainly was in the red this week with a 1.16 per cent drop.
It was a bit of a nothing week agency side with Flight Centre and Helloworld both jumping less than half a per cent while Corporate Travel Management outdid its predominantly consumer facing counterparts with a 1.96 per cent rise. Meanwhile Webjet saw a respectable bump of 0.7 per cent.
And if you can believe it, Boeing was not the worst performing stock on this list, despite its latest barrage of controversy. Star has suffered a tumble of 7.41 per cent as it continues on its downward trajectory that has seen the hotel and casino operator loose two thirds of its share price in 12 months.
Air New Zealand, for the second week in a row, didn’t report a change in its opening and closing price, while Auckland Airport saw a drop of nearly two per cent.
Over in the United States, Boeing reported another shocker, dropping 7.19 per cent. Following the door of an Alaska Airlines MAX 9 blowing off mid-flight, the plane manufacturer has dropped a total of 15 per cent, wiping US$35b off its market cap since the start of the year. The company did rise five and a half per cent since Tuesday so it’s not all downhill for Boeing.
American Airlines suffered a blow to its share price, falling four and a half per cent and while it’s not on this list, Spirit Airlines, which had its proposed merger with JetBlue blocked earlier this week, saw a staggering drop of 63 per cent over the past week. JetBlue’s stock, however, jumped around during the week, but ended with a 0.2 per cent rise.
On the high seas there wasn’t much change. NCL dropped 0.28 per cent, Carnival dropped 1.56 per cent and Royal Caribbean, which has garnered a bit media attention due to the imminent launch of its whopping ship Icon of the Seas, bucked the trend and rose two per cent. Meanwhile, Hilton continued on its seemingly never-ending upward trajectory with a 1.64 per cent rise.
Check out the hard numbers below!
Company | Opening price | Closing price | Change (%) |
Qantas Airways Ltd (ASX: QAN) | $5.39 | $5.21 | – 3.34 |
Flight Centre Travel Group (ASX: FLT) | $20.54 | $20.63 | + 0.44 |
Helloworld Travel Ltd (ASX: HLO) | $2.34 | $2.35 | + 0.43 |
Webjet Ltd (ASX: WEB) | $7.17 | $7.22 | + 0.70 |
Corporate Travel Management Ltd (ASX: CTD) | $19.87 | $20.26 | + 1.96 |
Star Entertainment Group Ltd (ASX: SGR) | $0.54 | $0.50 | – 7.41 |
Regional Express Holdings Ltd (ASX: REX) | $0.86 | $0.85 | – 1.16 |
Air New Zealand Ltd (ASX: AIZ) | $0.60 | $0.60 | 0.00 |
Auckland International Airport Ltd (ASX: AIA) | $8.07 | $7.91 | – 1.98 |
American Airlines Group Inc (NASDAQ: AAL) (USD) | $14.48 | $13.82 | – 4.56 |
Boeing Co (NYSE: BA) (USD) | $228.01 | $211.61 | – 7.19 |
Carnival PLC (NYSE: CUK) (USD) | $15.98 | $15.73 | – 1.56 |
Hilton Hotels Corporation Common Stock (NYSE: HLT) (USD) | $182.72 | $185.71 | + 1.64 |
Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) (USD) | $17.56 | $17.51 | – 0.28 |
Royal Caribbean Cruises Ltd (NYSE: RCL) (USD) | $122.82 | $125.28 | + 2.00 |
Latest News
The Intrepid Foundation launches appeal to support Northern Vietnamese communities following Typhoon Yagi
Intrepid Travel has launched an emergency appeal through its not-for-profit, The Intrepid Foundation, to support impacted communities in Northern Vietnam following Typhoon Yagi, which made landfall on 7 September, 2024. All funds raised through the appeal will go directly to grassroots organisation Blue Dragon Children’s Foundation, to provide immediate relief to thousands without shelter, food […]
GALLERY: Were you at the CAPA Airline Leader Summit Australia Pacific 2024?
Were you at the CAPA Airline Leader Summit Australia Pacific 2024, at The Star, Queens Wharf in Brisbane, Australia this week? See plenty of images here and the video highlights HERE.
Philippine Airlines and VietJet look to community connection near Western Sydney Airport
Both Philippine Airlines and VietJet will explore services from Western Sydney Airport with the airport’s proximity to the Filipino and Vietnamese diaspora in Sydney potentially beneficial to both carriers. Philippine Airlines VP revenue management and commercial planning Alex Featherstone, speaking at the CAPA Airline Leader Summit Australia Pacific, said the carrier would “explore” the potential […]
Virgin Australia to refit Dash 8 and acquire Rex aircraft following Boeing delays
Not the biggest announcement given everyone else is in the same boat - or plane - but what's old is new again.
Exclusive: Wendy Wu on her passion for travel continuing to run deep
Last year, she topped the Women in Travel Power List, but now she is digging deep for the next destination.
Australian Cycle Tours adds new cycle trip to the Murray to the Mountains Rail Trail
Australian Cycle Tours has added a new, extended cycle trip that includes all sections of the popular Murray to the Mountains Rail Trail. The new trip commences in Beechworth with the first two days cycling with a transfer back to Beechworth, before continuing to Myrtleford and Bright, with a cycle on the newest sections of […]
Camp in style with Reflections Holidays’ new glamping tents
It will feel like you're on safari but instead of lions or elephants it's the kids in the holiday park to look out for.
It’s all of the photos from TravelManagers 2024 conference day one!
We all have that one friend who zooms in on their own face whenever there is a group photo. If you don't, it's you.
Air New Zealand chief hints at quirky safety video in time for Christmas
We've managed to nab an Air New Zealand exclusive at an aviation summit, who would have thought?
Solis Travel announced as the latest member of Luxury Travel Collection
If Luxury Travel Collection was a high school student, it'd be telling people 'you can't sit with us', but not Solis!
OPINION: Travelport CMO Jen Catto on AI empowering travel retailers
AI will fix everything, said no one ever. But it can help.
Anangu Communities Foundation raises $75,000 at its third annual Sydney fundraiser
Generous supporters gathered at the Sofitel Sydney Darling Harbour for the third annual Anangu Communities Foundation Sydney fundraiser to help raise $75,000. Voyages Indigenous Tourism Australia administers the Foundation which so far has funded over $3 million in projects to support Anangu communities of Central Australia with a focus on building community capacity in healthcare, […]
‘Virtuoso on Tour’ photos: Virtuoso showcases its best to agent base
Virtuoso hosted its second annual Virtuoso On Tour, a destinations event at the ICC in Sydney showcasing tour operators, tourism boards and more to its agent family. The event is designed for travel agency members in Australia and New Zealand to network with Virtuoso partners across the globe. It housed six destination-themed pavilions (Australia & […]
Oceania Cruises showcases new culinary tours and itineraries in Alaska
Designed by foodies, for foodies. Well, they've sucked us in, when can we get on board?
Galapagos Shark Diving expands conservation efforts with new partnership
Got a fear of the deep blue? This is the way to overcome it... or have a panic attack.
The gloss of a garlicky brioche bun continues to shine long after leaving Amanoi
That calls time on our Chris Taylor series. We loved these so much we might have to send him on another trip.
Highlights of CAPA Airline Leader Summit Australia Pacific
What do you get when you put a bunch of aviation workers in a conference centre? Lot's of breaking news!
Air India to target Indian-Australians as part of its rebuild, says its CEO & MD
Of all the Indian cultures we love at TW, Bollywood takes the cake, and we're sure its on the entertainment menu.
Sydney Airport and Turkish Airlines announce Sydney-Istanbul flights
So much aviation news in the last few days. but this might take the cake! Years in the making.
Women In Travel: ‘It’s so important for us to create change’ Albatross Tours’ Shelley Poten
And it's a change she's making! We can't wait to celebrate with Shelley on our night of nights.
Perth a focus for Qantas says International & Freight boss
If you're not into aviation this talk may have sent you to the coffee line, but for others it was a dream come true.
Qantas unveils remuneration changes and details its journey to green in annual, sustainability reports
Qantas timed its reports for the same day as a major aviation conference in Brisbane, but it's only hiding good news.
TravelManagers 2024 kicks off in Cairns with record attendance
Want to find out the salary of a top-performing PTM? You'll have to read this story.
Research shows Brisbane international travel spike as airport prepares for major upgrade
The kind of news airport bosses in Brisbane would like to hear after spending $5 BILLION.
AmaWaterways announces fully integrated partnership with Mint Payments
Ama's financial news grabbed our attention this morning, even with a fridge full of mint slices.
Brisbane Airport boss opens CAPA Summit with $5b terminal rebuild plans
Nothing like using a hometown advantage to make a big announcement to the rest of the Aviation world.
IHG Hotels & Resorts to present ‘The Mind Lobby’ at SXSW Sydney as major partner
Got what it takes to step into the Mind Lobby? We're not sure what it entails but we're guessing escape room.
NCL returns to Greek Isles and Med in + new ports Northern Europe: 2025/26 season revealed
Even thinking about the Greek Island's has our mouths watering and mind set on Gyros!
Winter in QLD wins big as My Queensland sets all time high for sales in July 2024
If it was State of Origin season, this article wouldn't have got a start...
The NT tops list of hidden gem attractions out of Aussie states
As Australia steps into spring with temperatures set to rise above average, new research has revealed the states with the most must-see hidden gem attractions with the great outdoors proving a winner! The study, conducted by travel and luggage experts at Bounce, used Tripadvisor and search data to uncover Australia’s most treasured destinations. The Northern […]
Four lucky winners revealed for Tourism Solomons latest agent prize!
Winner winner chicken dinner! It's not the news you want if you are one of the remaining 150-odd, but you can try again!
Entire Travel Group offers $1000 for couples combining Fijian getaways with winters in Whistler
If you want to relax by the pool one week and ski the slopes the next, Entire is here for you!
Fusion Hotel Group celebrates World Wellness Weekend
Vietnam’s wellness-inspired Fusion Hotel Group is celebrating World Wellness Weekend from 20-22 September with yoga and other healthy living activities. Fusion Hotel Group has introduced a series of events and activities for guests at five of its luxury beachfront resorts in Vietnam to World Wellness Weekend. The exclusive offers include yoga, meditation, onsen baths, Zumba, […]
InterContinental Wellington unveils new Health Club and Classic Rooms makeover
InterContinental Wellington has announced the completion of its newly revamped Health Club and a stylish makeover of its Classic Rooms. Bringing a new level of luxury to its 79 Classic Rooms, including eight accessible rooms, the hotel has meticulously re-styled these spaces in collaboration with Y-6, an acclaimed Interior Architecture and Design studio based in […]
Scoot announces discount flights to Europe, Japan, Hong Kong & more
Your next holiday could be just a hop, skip and a jump away... But we'd rather take a Scoot!
Newcastle Airport signs MoU with Destination NSW to lure new domestic and international routes
Destination Newcastle! Did we ever think we would see the day?