FLT, WEB, QAN: Three ASX travel shares with highest YTD returns

Image Source: © cefields | Megapixl.com


  • ASX-listed travel stocks have finally started to see gains as COVID-19 restrictions ease.

  • Some travel stocks have managed to swing back to profit in the March quarter.

  • During Easter break, the country’s airports saw their highest demand from holidaymakers in the last two years.

Australians have finally taken to traveling in 2022 and ASX-listed travel stocks are rebounding as a result. There are travel stocks which have managed to swing back to profit in the March quarter on account of a fall in costs compared to the pre-COVID-19 period. The easing of pandemic-related restrictions has increased mobility on the ground, leading to gains for these stocks.

The country’s international borders fully reopened in February, allow incoming of international tourists for the first time since March 2020. Interestingly, during Easter break, airports across the country reportedly witnessed their highest levels of demand from holidaymakers in the last two years.

On this note, let’s discuss three ASX-listed travel shares with highest year-to-date (YTD) returns:

Flight Centre Travel Group Ltd (ASX:FLT)

The Brisbane-headquartered travel firm is among the world’s largest travel retailers and corporate travel managers. New Zealand, the Americas, Europe, the United Kingdom, South Africa, the United Arab Emirates, and Asia are among the countries where the company operates its leisure and corporate travel business.

Shares of Flight Centre have given a return of over 9% so far this year. The stock’s past year return stands at over 34%, while its 52-week high is AU$25.28.

On 5 May 2022, Flight Centre Travel along with Goldman Travel Corporation, and the Spencer Group of Companies announced the launch of a new luxury and business travel joint venture called Link Travel Group.

Webjet Ltd (ASX:WEB)

Webjet Ltd is a global digital travel business operating in both the consumer and wholesale markets.

Shares of Webjet also gave a return of over 9% on a YTD basis. WEB shares have offered a past year return of over 21%, while the stock’s 52-week high stands at AU$6.89.

Webjet returned to profit in the second half of the financial year 2022. Webjet reported a 261% rise in total transaction value (TTV) to AU$1,638 million for the 12 months ending 31 March 2022.  Similarly, the travel firm’s revenue rose 258% to AU$138 million.

Qantas Airways Ltd (ASX:QAN)

Qantas Airways is the flag carrier of Australia and its largest airline by fleet size, international flights, and international destinations. It is the world's third-oldest airline still in operation.

Shares of Qantas have given a return of over 5% on a YTD basis. The stock’s past year return stands at over 14%, while its 52-week high is AU$5.97.

On 5 May 2022, Qantas announced that it has agreed to buy the remaining shares in long-term partner Alliance Aviation Services (ASX:AQZ). In February 2019, Qantas had purchased 20% of Alliance Aviation.

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