Market Check: Boeing just can’t catch a break

Wittman Regional Airport, Oshkosh, Wisconsin, USA - July 29, 2011: Boeing 787 taxing to runway for takeoff at the Air-Venture airshow.

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

  • Sustainability
  • Wholesalers

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 […]

  • Aviation

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 […]

  • Tourism

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 […]

  • Events
  • News

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, […]

  • News
  • Travel Agents

‘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 & […]

  • Destinations
  • Tourism

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 […]

  • Health & Wellness
  • Hotels

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, […]

  • Hotels

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 […]