Australia’s journey shares are down a lot more than 50% given that the February peak, can they survive the fallout?
Just a year ago, numerous Australian tourism shares ended up on the lookout peachy. Tourism numbers experienced been steadily climbing, tourism expend was going up and airport shares these kinds of as Sydney Airport ended up broadly regarded among the the “economic downturn-evidence” shares.
How promptly issues can improve.
In the previous thirty day period, the Qantas (QAN) share selling price has fallen about 53%, Virgin (VAH) has dropped 47%, Webjet (World-wide-web) has dropped 68% and Flight Centre has fallen fifty nine%.
ASX journey shares (seventeen Feb – seventeen Mar)
- Qantas (QAN): -53%
- Virgin (VAH): – forty six.9231%
- Webjet (World-wide-web): -67.87
- Flight Centre Vacation (FLT): – fifty nine.two%
- Sydney Airport (SYD): -forty three%
- Auckland Airport (AIA): -37%
The extraordinary promote-off is thanks to the