Insights

Here’s why travel shares led the ASX 200 on Monday

ASX travel stocks experienced a solid takeoff today.
The post Here’s why travel shares led the ASX 200 on Monday appeared first on The Motley Fool Australia. –

Monday has been a big day for ASX 200 travel shares as the sector faced numerous exciting happenings.

Earlier this afternoon (Australian time), the United States’ international borders were flung open to vaccinated travellers.

However, there was perhaps more exciting news for ASX market watchers. This morning, Sydney Airport (ASX: SYD) confirmed it had agreed to a $23.6 billion takeover offer.

As a result, the Sydney Airport share price shot up 2.7% over the course of today. Meanwhile, that of Qantas Airways Limited (ASX: QAN) gained 4%.

Though, it was the ASX 200 travel agents that walked away with the best wins.

The Webjet Limited (ASX: WEB) share price ended Monday’s session 4.7% higher than it did Friday’s.

Flight Centre Travel Group Ltd (ASX: FLT) did even better. Its share price surged 5.7% despite the company’s silence.

For context, the S&P/ASX 200 Index (ASX: XJO) fell 0.06% today.

Let’s take a closer look at the news that likely piqued the market’s interest in the ASX 200 travel sector on Monday.

ASX 200 travel shares outperform

ASX 200 travel shares had a great day’s trade as the world awaited the United States’ international borders reopening, which happened the moment the market closed.

As of 12:01 am eastern standard time Monday (3:01 pm AEST and 4:01 pm AEDT), vaccinated travellers from all over the world are welcome to travel to the United States for non-essential purposes.

It’s the first time non-essential travel has been allowed into the United States since March 2020 when then-President Donald Trump slammed the borders shut to help stop the spread of COVID-19.

Perhaps in anticipation, some United States-based travel shares surged higher on Friday. Expedia Group Ltd (NASDAQ: EXPE) gained 15% on Friday, while Airbnb Inc (NASDAQ: ABNB) soared 12%.

Those gains might have helped inspire today’s movements on the ASX.

Meanwhile, the market was spoilt by exciting news from Sydney Airport on Monday.

The ASX-listed airline has accepted the Sydney Aviation Alliance’s takeover bid of $8.75 per share.

Though, shareholders might want to wait before getting too excited. The acquisition is still subject to approval from the Foreign Investment Review Board and the Australian Competition and Consumer Commission. It will also need to be approved by 75% of Sydney Airport’s shareholders.

The post Here’s why travel shares led the ASX 200 on Monday appeared first on The Motley Fool Australia.

Should you invest $1,000 in Flight Centre right now?

Before you consider Flight Centre, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Flight Centre wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

These are the 10 most shorted ASX shares

Here are the top 10 ASX shares today

Here are the 3 most heavily traded ASX 200 shares on Monday

Why API, Evolution, Flight Centre, and Sydney Airport shares are pushing higher

Why is the Webjet (ASX:WEB) share price taking off on Monday?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Webjet Ltd. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!