QAN, FLT, WEB, HLO: How are these travel stocks faring on ASX?

July 22, 2022 06:48 PM AEST | By Bhawna Gupta
 QAN, FLT, WEB, HLO: How are these travel stocks faring on ASX?
Image source: © Sergeypykhonin | Megapixl.com

Highlights

  • The ASX 200 benchmark index closed lower today (July 22), down 0.041%.
  • Consumer discretionary was one of the worst performing sectors today.
  • The gains in the banking, IT, and real estate sectors outweighed losses in the resources and utilities sectors.

The S&P/ASX 200 lost three points today, or 0.04% before before finishing at 6791.50 points today (July 22). Eight out of 11 sectors closed in red today with the A-REIT emerging as the best performing sector, gaining 0.89%.

Telecom was the worst performing sector, down 1.32%, followed by energy (-1.19%), utilities (-1.18%) and consumer discretionary (-0.62%). Today's gains in the banking, IT, and real estate sectors outweighed losses in the resources and utilities sectors.

In this article we will discuss the performance of some ASX consumer stocks, including Qantas Airways Limited, Flight Centre Travel Group Ltd, Webjet Limited, and Helloworld Travel Limited.

Qantas Airways Limited

Shares of Qantas Airways Limited (ASX:QAN), one of the Australia’s most popular airline operators, closed trading at AU$4.51 per share, down 1.96% on ASX today (22 July 2022). However, in the last five trading days, Qantas' shares have gained 1.12% but fell 12.43% on a YTD basis.

Qantas provides local and international air travel services. Qantas Domestic, Qantas International, Jetstar Group, and Qantas Loyalty are the four divisions of the company. It offers expedited freight services, passenger air travel, and consumer loyalty programmes.

Flight Centre Travel Group Limited

Shares of Flight Centre Travel Group Ltd (ASX:FLT), fell 2.95% today to close trading at AU$17.11 per share on ASX today.

Around 23 countries, including New Zealand, the Americas, the United Kingdom, Europe, South Africa, the United Arab Emirates, and Asia, are served by Flight Centre's leisure and business travel operations.

Flight Centre shares have had negative growth of more than 8% year to date; however, the shares have gained around 1.30% in the last five trading sessions.

Image Source: © Hd3dsh | Megapixl.com

Webjet Limited

Shares of the online travel agency Webjet Limited (ASX:WEB) last exchanged hands at AU$5.03 per share today. In the last five trading sessions, the shares have fallen 3.64% and 7.37% on a YTD basis.

Webjet deals in online travel products including flights and hotel rooms. The company's operations are split into two divisions: a business-to-business (B2B) wholesale sector that comprises WebBeds and two retail businesses called Webjet OTA and GoSee.

HelloWorld Travel Limited

HelloWorld Travel Limited's (ASX:HLO) shares closed the week at AU$1.67 apiece, down 3.47% on ASX today.

Australia-based HelloWorld Travel works as a distributor and provides travel services. The business offers items and services for domestic and international travel worldwide. Australia, and New Zealand, are among its business divisions.

The company's shares have fallen over 34% on a YTD basis and grown 1.83% in the last five trading sessions.


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