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

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!

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