Business
Travel sector investors ignore pandemic at their peril – The Australian Financial Review
Travel-related stocks are back at levels that imply the pandemic didn’t happen, an unrealistic view on the part of investors who could be setting themselves up…
While travel companies fell sharply when COVID-19 hit in March, the sector has since staged a recovery. Qantas is up 127 per cent at $4.86, business travel provider Corporate Travel is up 271 per cent at $16.91 and Auckland Airport is up 63 per cent at $NZ7.50.
Certainly, the future is likely to be brighter for the sector as vaccination programmes expand. “There is no doubt they will boom,” he said.
But the process may not be smooth, as Australians were reminded when states slammed borders shut…
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