Business
Why ASX travel shares like Webjet (ASX:WEB) fell lower on Monday – The Motley Fool Australia
ASX travel shares fell lower on Monday as coronavirus fears in New Zealand sparked a temporary travel bubble suspensions in Australia.
It was a soft start to the week for ASX travel shares as coronavirus fears appeared to spark a small sell-off.
The Webjet Limited (ASX: WEB) share price closed the day down 3.8% at $4.77 per share while Qantas Airways Limited (ASX: QAN) shares fell 1.7%.
Why did ASX travel shares fall lower on Monday?
The big news on Monday afternoon was the temporary suspension of the Trans-Tasman Travel Bubble (TTTB).
The TTTB has been in operation since late 2020 which allows New Zealanders to travel into Australia…
-
Noosa News22 hours agoKatter and pregnant wife crash-land plane in outback Qld
-
Noosa News22 hours agoFollowing Up Hottest 100 of Australian Songs Success with a Second Documentary About Your Life and Career: Jimmy Barnes Talks ‘Working Class Man’
-
Business11 hours agoWhy did this ASX 200 healthcare stock crash 14% yesterday?
-
General19 hours agoRussia launches hundreds of drones and missiles against Ukraine in fresh attack