The top five ASX-listed travel stocks of FY2021

Be the First to Comment Read

The top five ASX-listed travel stocks of FY2021

 The top five ASX-listed travel stocks of FY2021
Image source: ImYanis, Shutterstock.com

Summary

  • Amid the pandemic, the travel industry players have had no option but to shut down their business entirely.
  • After grappling with COVID-19 for more than a year, the situation has improved considerably. Travelling has been on the minds of plenty of people, with investors keeping an eye on travel stocks.
  • Despite the challenging 12-15 months, some travel businesses showed remarkable resilience and came out on top in FY2021.
  • Corporate Travel Management, SeaLink Travel Group, Alliance Aviation Services are among the ASX-listed travel stocks that posted impressive returns during the period.

The COVID-19 pandemic sent the entire travel sector into a spiral, with the industry being one of the hardest hit. However, travel shares are now gaining attention from the market participants as the economy is on a recovery path.

International travel came to a halt, with even domestic travel facing a lot of heat. While international travel is still an ongoing concern, there is a ray of hope for domestic travel.

After grappling with the pandemic for over a year, travel is now on the minds of plenty of people as the situation improves. Likewise, the market participants are also looking at the travel stocks as the industry gets back on its feet. Besides, with other countries easing travel restrictions and reopening their borders, internal travel restrictions could soon be an issue of the past. 

ALSO READ: Is it good to invest in ASX travel stocks now?

Source: Copyright © 2021 Kalkine Image

With this backdrop, let us discuss 5 ASX-listed travel stocks that have performed well in the financial year 2021-

Corporate Travel Management Ltd (ASX:CTD)

A global leader in business travel management services, Corporate Travel Management, offers innovative and cost-effective travel management solutions to corporate management.

Post COVID-19, Corporate Travel Management is a significantly larger business. Furthermore, the Company has strengthened its position as a top corporate travel manager all over the globe.

SeaLink Travel Group Ltd (ASX:SLK)

Australia’s largest integrated land and marine, tourism and public transport service provider SeaLink Travel Group has established global operations in London and Singapore. SeaLink is one of the most experienced and diverse multi-modal transport businesses in Australia that boasts performance-driven capabilities across bus, ferry, and light rail.

On 1 July 2021, SeaLink Travel Group completed the acquisition of Go West Tours from the Vendors for an enterprise value of AU$84.7 million and an earn-out component of up to AU$25.0 million.

SLK completed the Go West Tours acquisition on 1 July (Source: Copyright © 2021 Kalkine Media)

GOOD WATCH: Hey Travel Lovers! Here’s How You Can Explore Your Own Backyards

Alliance Aviation Services Ltd (ASX:AQZ)

Australasia’s leading provider of contract, charter and allied aviation Alliance Aviation Services currently employs more than 750 full-time staff. The Company holds IATA’s IOSA certification and Flight Safety Foundation “BARS Gold” status, the first such carrier in Australia to be so recognised.

On 28 June 2021, Alliance announced that the Company had entered into a binding agreement to purchase two additional E190 aircraft, taking the total committed fleet to 32. Alliance currently has seven E190s in Australia, with the remaining 25 to enter revenue service during the next 12 months. The aviation player anticipates releasing its FY21 financial results on 11 August 2021.

GOOD READ: How are ASX Travel Stocks FLT, CTD and AQZ Placed Amid Border Closure?

Webjet Ltd (ASX:WEB)

Digital travel business Webjet Limited spans both wholesale markets (via B2B) as well as consumer (via B2C). Webjet is the number one Online Travel Agency (OTA) across Australia and New Zealand.

The Company anticipates that the ongoing vaccination programs worldwide will allow travel markets to reopen progressively. Furthermore, Webjet remains in a strong position with AU$261 million cash as of 31 March 2021.  

Flight Centre Travel Group Ltd (ASX:FLT)

Brisbane-headquartered The Flight Centre Travel Group is one of the world’s largest travel retailers and corporate travel managers. The Company owns leisure and corporate travel business in 23 countries.

Flight Centre Travel Group will issue shares to employees who stick with the Company for the next 18 months. In an announcement made on 25 June 2021, FLT highlighted that any employee (excluding board and senior management) who remains until 31 December 2022 will get 250 shares.

ALSO READ: Will new COVID-19 outbreak in Australia hit New Zealand’s tourism industry?

Disclaimer

Speak your Mind

Featured Articles

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK