Market Check: Up is where it’s all going, except for Boeing

Happy new year and welcome back to our weekly round up of travel companies on the stock market!

This week has been relatively smooth sailing for every company in our list except one. It’s anyone’s guess which one it was!

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

Qantas has gotten the year off to a good start! A jump of 2.46 per cent this week has put the airline in a promising position as it looks to regain its once highly-esteemed status in the Australian travel community after a tumultuous 2023.

The Australian national carrier’s Kiwi counterpart, Air New Zealand, broke even over the past week, while Rex followed suit.

The main Aussie travel agencies kicked off the year quite well, with a 3.24 per cent jump for Flight Centre, a 0.43 per cent increase for Helloworld and a whopping 4.33 per cent increase for Corporate Travel Management. The agencies’ digital counterpart, Webjet, apparently didn’t get the message this week and saw a drop of nearly one per cent.

Meanwhile Auckland International Airport and Star Entertainment Group saw similar rises of 3.70 and 3.85 per cent respectively.

Overseas, the hotly-discussed Boeing suffered a shocking week on the stock market with a nine per cent drop. This came after the emergency door on an Alaska Airlines 737 MAX 9 jet blew out mid-flight, leading to the international grounding of the aircraft. Dave Calhoun, the manufacturer’s CEO, has owned up to the mistake and said his company will facilitate an ongoing investigation by the US National Transportation Safety Board.

American Airlines, which hasn’t been impacted by the Boeing fallout and doesn’t have any MAX 9s in its fleet, saw an enormous rise of 11.89 per cent this past week.

On the water, Royal Caribbean, NCLH and Carnival all continued on their upward trajectory with a boost of 4.10, 1.21 and 2.94 per cent respectively. Back on land, Hilton saw an increase of nearly two per cent.

(Featured Image: Alaska Airlines Boeing 737 MAX 9 – iStock/Michael Vi)