Travel agencies plummet while cruise lines soar – Market Check

Travel agencies plummet while cruise lines soar – Market Check

Happy Friday! Or should we say ‘Happy Fri-yay!’

It’s the glorious time of the week where we look at the stocks! Apologies for missing last week, but we’ll touch on all the past fortnight’s ongoings in today’s analysis alongside the past week.

Qantas fell about one and a half per cent over the past week, but this was nothing compared to the staggering drop the National Carrier experienced in the week prior. Since Tuesday last week, Qantas has fallen by a total of 10.31 per cent as the airline announced a new chairman and saw a 13 per cent profit drop in its half-year reports. Rex also had a tough week, dropping by over four per cent and posting a loss for 1H24.

Agency-side it was quite a rough week. Helloworld fared the worst of it with a whopping fall of 7.36 per cent, despite a strong profit posting last week. Though compared with the start of last week, the agency is up 6.13 per cent and reached a peak of $2.96 last Thursday.

Flight Centre and Corporate Travel Management fell by less than half a per cent and a whole per cent respectively, while Webjet’s performance was similar to that of Helloworld’s; dropping by more than four per cent after a steady seven days the week prior.

Defying expectations on multiple fronts, Star Entertainment Group soared this past week, posting a $9m profit and seeing its share price rise over 18 per cent. Star’s rise comes amid the revelation that its Sydney casino will be investigated once again by a regulator after a 900 page report was given in 2022 that revealed its anti-money laundering and counter-terrorism failings. The regulator felt the the casino has not demonstrated its ability to regain its casino license in the 18 months since the original report was handed down.

Across the Tasman, Air New Zealand didn’t see any overall movement, while Auckland International Airport fell by 1.31 per cent.

Over in the States everything was flying high (especially the cruise ships).

Boeing and American Airlines jumped 1.29 and 3.36 per cent respectively as the manufacturer stabilises after a rough start to the year and airline continues its ascent.

Norwegian Cruise Lines is the big winner in this list, seeing its share price jump over 20 per cent. Strong demand for Caribbean cruises has driven the company’s share price, despite it cancelling Red Sea itineraries amid the ongoing Israel-Hamas war.

NCL’s cruising counterparts, Carnival and Royal Caribbean, also saw share price increases, with Carnival rising over 4 per cent and Royal Caribbean jumping nearly one and a half per cent.

And, of course, Hilton posted a nice little increase, rising 1.09 per cent.

Company Opening price Closing price Change (%)
Qantas Airways Ltd (ASX: QAN) $5.21 $5.13 – 1.54
Flight Centre Travel Group (ASX: FLT) $21.50 $21.41 – 0.42
Helloworld Travel Ltd (ASX: HLO) $2.99 $2.77 – 7.36
Webjet Ltd (ASX: WEB) $7.27 $6.96 – 4.26
Corporate Travel Management Ltd (ASX: CTD) $16.00 $15.86 – 0.88
Star Entertainment Group Ltd (ASX: SGR) $0.44 $0.52 + 18.18
Regional Express Holdings Ltd (ASX: REX) $0.90 $0.86 – 4.44
Air New Zealand Ltd (ASX: AIZ) $0.58 $0.58 0.00
Auckland International Airport Ltd (ASX: AIA) $7.66 $7.56 – 1.31
American Airlines Group Inc (NASDAQ: AAL) (USD) $15.17 $15.68 + 3.36
Boeing Co (NYSE: BA) (USD) $201.12 $203.72 + 1.29
Carnival PLC (NYSE: CUK) (USD) $13.80 $14.40 + 4.35
Hilton Hotels Corporation Common Stock (NYSE: HLT) (USD) $202.11 $204.32 + 1.09
Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) (USD) $16.13 $19.39 + 20.21
Royal Caribbean Cruises Ltd (NYSE: RCL) (USD) $121.54 $123.35 + 1.49

Latest News

  • Conferences
  • Travel Agents

Travellers Choice award winners 2024 announced

Travellers Choice is sending its top 30 members on exclusive journeys next year to Central Europe, the Mekong and Arnhem Land. Each year the national network’s Choice Awards program recognises members for their support of preferred suppliers, with winners receiving Gold, Silver or Bronze awards along with an invitation to take part in an exclusive […]

  • Conferences
  • Travel Agents

Emotional Travellers Choice Conference that wasn’t hard to bear

If Day 1 of the 2024 Travellers Choice Conference in Sydney, the first in the Harbour City for 25 years, was filled with laughter and cocktails then Day 2 of “Travelution” was an emotional roller coaster. Travellers Choice MD and new ATIA chair Christian Hunter opened the three-day conference by announcing two new initiatives. In […]

  • Hotels
  • Luxury

Accor announces the signing of Sofitel Sapa Hotel and residences

Accor has announced the signing of Sofitel Sapa Hotel & Residences, a landmark luxury development set to bring Sofitel’s French elegance to the highlands of Northern Vietnam. The project is a combination of 176 rooms and 436 branded residences. It is expected to open its doors in 2030, making another milestone in the expansion of […]

  • Events

ICC Sydney celebrates 100 events in record-breaking year

International Convention Centre Sydney, managed by ASM Global, is set to break the record for number of live events in a single year with 100 shows. The James Blunt concert taking place on 23 November marks the venue’s 100th live entertainment event in a single year. To celebrate this historic achievement, ICC Sydney is giving […]

  • Travel Agents

Last chance to win Globus family of brands’ $1K a Day Giveaway

Agents are reminded they can still enter an unmissable giveaway by making a deposited booking with Globus, Cosmos and Avalon Waterways for departures in 2025. The trade incentive will remain open to agents until 30 November. To take advantage of the offer, agents simply need to make a deposited booking with either Avalon Waterways, Globus […]

  • Events

Intrepid Travel champions responsible business at UN Global Compact Sustainability Event

Intrepid Travel championed the agenda for responsible business at the United Nations Global Compact’s UNiting Business Live Australia conference this week. During her visit to Australia, UN Global Compact assistant secretary-general, Sanda Ojiambo, met with Intrepid CEO James Thornton, where they discussed the future of sustainable practices in the travel industry. Thornton and Ojiambo discussed […]

  • Hotels

Fusion launches GLOW Bangkok Riverside

Fusion Hotel Group has opened GLOW Bangkok Riverside, a new hotel overlooking the Thai capital’s Chaophraya River from the city’s Dusit district. The modern 5-storey property features 126 rooms and suites, ranging from the Superior Room at 19-22sqm to the 40sqm River Suite. All rooms have either king-sized or twin beds, and are tastefully decorated […]

  • Hotels

Nesuto Apartment Hotels launches summer secret offers

Nesuto Hotels and Apartments has launched its summer campaign with a 25 per cent off discount across its 13 neighbourhood properties across Australia and New Zealand. Nesuto’s “unveil summer’s best kept secrets” campaign offer is valid for bookings made from 1 November 2024 until 30 March 2025, for stays until 30 June 2025. In addition […]

  • Aviation
  • Travel Agents

ATAC’s signs exclusive deal with Helloworld’s Air Tickets for enhanced air consolidation services 

Australian Travel Agents Co-operative (ATAC) has appointed Helloworld Travel’s Air Tickets as its sole and exclusive air consolidator following comprehensive market assessment on best value for its members. ATAC chairman Jack Taylor said that the appointment, effective 1 January 2025, reflects the co-operative’s commitment to securing the best value for all members. “ATAC has ambitious […]