Why the Webjet (ASX:WEB) share price is soaring 6%

Webjet Limited (ASX: WEB) shares are rising today, as airlines and travel-related shares on the ASX flew higher on the back of optimism that the soon-to-be available COVID-19 vaccines will restart international travel. At the time of writing, the Webjet share price has today jumped by 6.42% to $5.97. The broader S&P/ASX 200 Index (ASX: XJO) has also erased its losses for 2020 this morning, as it closes in on the 6,700 level. The ASX 200 is currently sitting at 6,698.90, up by 0.64% today.

The move in the ASX 200 follows the rise in United States stocks overnight, where the Dow Jones Industrial Average Index (DJX: .DJI) hit a record 30,000 level for the first time ever. 

Other ASX travel shares rising today

Along the with the…