AUS
NZ
UK
CA
USA
IND
.jpg)
Highlights
- DfT has announced the removal of the remaining seven countries from the COVID travel red list from next Monday.
- For Q3 ended 30 September 2021, National Express recorded a revenue up to 83% of 2019 levels.
- Whitbread’s adjusted loss before tax was £56.6 million, and revenue was £661.6 million in H1 2021.
The Department for Transport (DfT) in the UK announced the removal of the remaining seven countries, the Dominican Republic, Ecuador, Colombia, Panama, Haiti, Peru, and Venezuela, from the COVID travel red list from next Monday. The DfT announced that fully vaccinated arrivals from these countries would no longer be required to undertake mandatory quarantine in a hotel.
However, it has also been said that countries could be added back to the red list, if cases rise. The list of nations whose COVID-19 vaccinations are recognised by the UK is also increasing and currently includes over 135 countries. Below is a detailed review of the investment prospect in three travel stocks – National Express, Wizz Air and Whitbread.
(Data source: EODHD/Others)
National Express Group Plc (LON:NEX)
National Express is an operator of intercity and inter-regional coaches offering services across the UK. It is a provider of shared mobility coach, bus and rail services in North America, Europe, the UK and the Middle East. For Q3 ended 30 September 2021, the company recorded a revenue up to 83% of 2019 levels.
The shares of National Express Group are trading at GBX 234.80 at 8:06 AM BST on Friday, 29 October 2021. The shares of the company returned 58.92% to shareholders in the last one year, and the market cap stands at £1,441.87 million.
In Q3 2021, National Express’ UK Coach is currently operating 56% of services (an increase from 37% in June), and passenger transported is 52% of 2019 levels (pre-COVID). Its bus patronage stands at 76% of 2019 levels.
Wizz Air Holdings Plc (LON: WIZZ)
Wizz Air Holdings is an ultra-low-cost carrier in Eastern and Central Europe. In September 2021, the airline carried 2,999,000 passengers, and the load factor was 78.4%. Its CO2 grams per passenger/km declined to 63.3 in September 2021 from 75.3 in September 2020.
The shares of Wizz Air Holdings are trading at GBX 4,657.00 at 8:17 AM BST on Friday, 29 October 2021. The shares of the company returned 49.14% to shareholders in the last one year, and the market cap stands at £4,770.80 million.
In September 2021, Wizz Air’s seat capacity was 3,824,927 compared to 2,426,798 in the same month in 2020.
Whitbread Plc (LON: WTB)
Whitbread is a British restaurant and hotel company. It is the owner and operator of the UK’s popular hotel brand Premier Inn.
The shares of Whitbread are trading at GBX 3.298.00 at 8:25 AM BST on Friday, 29 October 2021. The shares of the company returned 54.85% to shareholders in the last one year, and the market cap stands at £6,718.43 million.
For H1 ended 26 August 2021, Premier Inn’s total accommodation sales were 13.9 pp ahead of Q2. The company’s occupancy in Germany grew to 47% in Q2 and more than 60% in August and September. Its adjusted loss before tax was £56.6 million, and revenue was £661.6 million in H1 2021.
TAGS: National Express Group Plc, Wizz Air Holdings Plc, Whitbread Plc, travel, airline, hotel, hospitality
