Scathing revelations send Boeing’s share price plummeting – Market Check

By James Harrison


It’s a Friday once again and to say there’s been a bit going on in the travel industry would be an understatement (thankfully for the Travel Weekly journos otherwise we’d have nothing to write about).

To cap off the week that was, we’ve decided to do the thing we do every Friday and see how the travel stocks went.

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

Qantas dropped by 1.36 per cent over the past week. The carrier recently hiked its airfares while investors have aired their concerns about how the airline will deliver consistent profits as it looks to massively invest in upgrading its fleet.

Its regional-focused counterpart, Rex, saw a solid jump of 2.5 per cent while across the Tasman, Air New Zealand had a steady week as its share price ended up where it started on $0.56.

It was an absolutely stellar week for the travel agencies as they all rose considerably. Corporate Travel Management, which jumped the least out of the agencies, increased by nearly two and a half per cent, while Flight Centre was up by 3.24 per cent.

Helloworld and Webjet were the big winners from this list, both seeing their respective share price increase by approximately seven and a half per cent. Big week for travel advisors!

Meanwhile, Auckland Airport jumped by 0.26 per cent and Star fell by nearly two per cent.

In the U.S., Boeing was the company of the week with a drop of over 10 per cent! The beleaguered manufacturer’s shocking week came after a six week investigation revealed that it failed over one-third of its audits. Also, the Boeing whistle-blower that brought to light many of the manufacturer’s issues was found dead by apparent suicide, though his lawyers have demanded a full investigation into his passing, arguing that he showed no indications that he would take his life.

American Airlines felt the knock on effect from Boeing, falling by over six per cent as the carrier experienced issues with the manufacturer’s aircraft.

Out of the sky and onto the water, it was a bit all over the place for the cruise lines. NCL dropped by 2.52 per cent while Carnival and Royal Caribbean jumped 1.52 and 2.06 per cent respectively.

And everyone’s favourite hotel brand (or Paris Hilton’s, at least) Hilton rose by 1.29 per cent.

Enjoy your weekend!

Company Opening price Closing price Change (%)
Qantas Airways Ltd (ASX: QAN) $5.15 $5.08 – 1.36
Flight Centre Travel Group (ASX: FLT) $20.98 $21.66 + 3.24
Helloworld Travel Ltd (ASX: HLO) $2.70 $2.90 + 7.41
Webjet Ltd (ASX: WEB) $7.14 $7.68 + 7.56
Corporate Travel Management Ltd (ASX: CTD) $16.71 $17.12 + 2.45
Star Entertainment Group Ltd (ASX: SGR) $0.53 $0.52 – 1.89
Regional Express Holdings Ltd (ASX: REX) $0.80 $0.82 + 2.50
Air New Zealand Ltd (ASX: AIZ) $0.56 $0.56 0.00
Auckland International Airport Ltd (ASX: AIA) $7.63 $7.65 + 0.26
American Airlines Group Inc (NASDAQ: AAL) (USD) $14.94 $13.99 – 6.36
Boeing Co (NYSE: BA) (USD) $201.50 $181.15 – 10.10
Carnival PLC (NYSE: CUK) (USD) $14.48 $14.70 + 1.52
Hilton Hotels Corporation Common Stock (NYSE: HLT) (USD) $204.28 $206.92 + 1.29
Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) (USD) $19.83 $19.33 – 2.52
Royal Caribbean Cruises Ltd (NYSE: RCL) (USD) $126.11 $128.71 + 2.06

Featured Image: Boeing 787 Dreamliner – iStock/gk-6mt

Latest News

  • Cruise
  • Food & Beverage

Seafood Excellence winners launch new sea-to-plate menu onboard Luxe Island Seafood Cruise

The 2024-25 season of the ultimate seafood dining experience, Luxe Island Seafood Cruise at Rottnest Island, has a new sustainable seafood menu and is now open for booking. Owned by Sea West and operated by its brand Rottnest Cruises, the award-winning Luxe Island Seafood Cruise offers an indulgent day of cruising onboard a 69ft, three-level […]

  • Aviation
  • Breaking News

35 per cent base salary increase part of Virgin Australia pilots new enterprise agreement

Virgin Australia pilots have overwhelmingly voted in favour of a new enterprise agreement that delivers substantial improvements to their pay and working conditions, following 15 months of negotiations. The new agreement guarantees a 35 per cent base salary increase in the first year, followed by 3 per cent annual increases and includes industry-leading lifestyle and […]

  • Conferences

Iconic ‘Spirit of Sydney’ artwork takes pride of place at ICC Sydney

International Convention Centre Sydney (ICC Sydney), managed by ASM Global, has announced the addition of the monumental artwork ‘Spirit of Sydney’ by renowned Australian artist Frank Hodgkinson to its collection. Normally reserved for event attendees, members of the community were able to view the iconic ‘Spirit of Sydney’ mural at the venue’s art tours, guided […]