Business
WEB) share price is climbing higher
The Webjet Limited (ASX: WEB) share price is among the ASX travel shares moving higher towards the end of Monday’s trade.
Shares in the Aussie travel company are down 1.2% for the day but have climbed 3.6% since midday.
Why is the Webjet share price surging higher?
The big news pushing travel shares higher was the announcement of a potential Trans-Tasman travel bubble. New Zealand Prime Minister Jacinda Ardern on Monday confirmed an in-principle agreement to open up a bubble with Australia in early 2021.
The move comes with Australia already allowing many New Zealand travellers into the country in recent months. However, today’s announcement paves the way for a potential two-way opening of the regional borders.
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