Hello everyone, great to have your company on
Kalkine TV. I'm Sage and you’re watching Buzzing Trends Show.
Although the S&P/ASX200 Consumer Discretionary sector was spotted trading in the green territory
today, the sector's performance has been significantly poor in the last one year.
The poor performance was inevitable due to several factors, primarily due to the COVID-19 lockdowns,
the Russia-Ukraine war, inflation, and economic depression. The tourism industry
has suffered the most in the past couple of years due to the COVID-19 breakout. However,
now that the borders have been opened, the industry is slowly reviving. Meanwhile, today,
the S&P/ASX200 Consumer Discretionary sector was 1.72% higher at 2799.40 on the ASX. On that note,
let's have a look at four ASX-listed travel stocks and their performance on the ASX.
First on the list is Qantas Airways.
It is the flag carrier of Australia and its largest airline by fleet size,
international flights and international destinations. Qantas
Airways shares traded at AU$4.53, up by 0.89% on July 6. The shares have fallen 7.74% in last
one year, while on a year-to-date basis Qantas shares have declined by 12.04%
as of July 6. The company stand with a market capitalisation of 8.46 billion.
Next on the list is Flight Centre Travel Group.
It is one of the world's largest travel groups with vast leisure and corporate travel
sales networks extending throughout four major regions. Flight Centre Travel shares traded at
AU$17.71, up by 1.03% today. Its shares have performed well in the past one year and the price
is appreciated by 11.52% on the ASX. However, Flight Centre's share price fell by almost 4.89%
on a year-to-date basis as of July 6. The company has a market capitalisation of 3.50 billion.
Next on the list is Alliance Aviation Services.
It is Australia's major fly-in, fly-out air charter operator providing specialised services
for the resources industry and inbound and domestic group travel. Alliance Aviation
shares traded at AU$ 3.60, up by 1.12% on July 6. The share price has fallen almost
17% on the ASX over the past 12 months and declined by over 12% on year-to-date basis.
The company stand with a market capitalisation of 572.21 million.
Last on the list is Helloworld Travel.
This company provides international and domestic travel products and services
and operates internationally as a travel distributor in Australia and
New Zealand. HelloWorld Travel shares traded at AU$ 1.17, up by 1.18% today. The share
price has fallen 3.39% on the ASX during last year and lost over 32% on year-to-date basis.
The company stands with a market capitalisation of 261.99 million.
The travel industry was one of the worst-hit sectors due to restrictions on travel
globally. However, the sector recovered some of its losses due to easing pandemic restrictions.
Airlines and travel stocks are on investors' radar after the world’s second-largest economy
China eased some of its pandemic-related restrictions. We will keep an eye on these
ASX listed airlines and travel stocks.
With that, we come to an end of this Buzzing trend show. Will be back again tomorrow with the show.
Till then, stay tuned to Kalkine TV for the latest insights and updates
from the market. I'm Sage, signing off.
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