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Qantas among ASX travel shares hit by Victorian COVID-19 outbreak

Qantas Airways Limited and Webjet Limited are among the companies affected by Victoria’s latest COVID-19 outbreak. We take a closer look.
The post Qantas among ASX travel shares hit by Victorian COVID-19 outbreak appeared first on The Motley Fool Australia. –

Qantas Airways Limited (ASX:QAN) and Webjet Limited (ASX: WEB) are among the companies whose share price has seemingly been impacted by Victoria’s spike in COVID-19 cases.

Shares in Qantas have fallen 0.42% today, after more restrictions on Victorian’s ability to travel were implemented. The Qantas share price is currently $4.69.

Webjet shares are also down, trading for $4.95. That’s 0.5% lower than their closing price yesterday.

The Flight Centre Travel Group Ltd (ASX: FLT) share price has fallen 1.33%. Currently, shares in the company are swapping hands for $14.89.

The Auckland International Airport Limited (ASX: AIA) share price has also fallen 2.2% to trade for $6.66. This fall comes as New Zealand pauses the quarantine-free travel bubble between it and Victoria.

Let’s take a closer look at the spike in COVID-19 cases facing Victoria.

Victoria’s latest outbreak

Since yesterday, Victoria has recorded 15 COVID-19 cases, all linked to a positive case in Whittlesea.

The new cases have been genetically linked to the Wollert case. The Wollert case occurred earlier this month, when a man who spent two weeks in hotel quarantine in South Australia tested positive for COVID-19 in Victoria.

Contract tracers are still looking for the missing link between the Wollert case and the Whittlesea man.

A travel ban is now in place. This new ban disallows most Victorians who have been in Whittlesea to travel to Queensland, South Australia, or Tasmania. Anyone who has been in a COVID-19 hot spot must get tested. Additionally, they must self-isolate for 14 days upon arriving in New South Wales, the ACT, Western Australia, or the Northern Territory.

Today, acting Premier James Merlino told a press conference the next 24 hours will be critical for the state.

Of whether further restrictions will be imposed on the state, Merlino said:

I cannot rule out taking some further action but we’ll update people as soon as we know.

Merlino said 301 people have been identified as close contacts of positive COVID-19 cases. Of those, only 80 COVID-19 tests results have been returned at this point in time.

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The post Qantas among ASX travel shares hit by Victorian COVID-19 outbreak appeared first on The Motley Fool Australia.

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