Insights

Which ASX travel shares performed the best in November? 

On the back of vaccine hopes and reopening borders, which ASX travel shares performed the best in November? We take a closer look.
The post Which ASX travel shares performed the best in November?  appeared first on Motley Fool Australia. –

travel asx share price represented by suitcase wearing covid mask

Last month, ASX travel shares rallied behind vaccine hopes and reopening borders. November was a significant month for vaccine developments with Pfizer Inc (NYSE: PFE) and Moderna Inc (NASDAQ: MRNA) making ground-breaking advancements. Australian border restrictions have largely lifted across the board with South Australia being the one ongoing exception. With the strength that ASX travel shares displayed, which ones performed the best in November? 

ASX travel agencies leading the recovery

Webjet Limited (ASX: WEB) and Flight Centre Travel Group Ltd (ASX: FLT) topped the performance for ASX travel shares, soaring a respective 66% and 50% in November. 

The travel industry expects to see significant activity once restrictions have eased. And this has been the case for a majority of Australia’s domestic borders. Webjet has seen a number of domestic markets starting to rebound. Webjet’s online travel agency is witnessing a significant increase in bookings as markets reopen with only limited marketing spend.

Its average monthly bookings stood at approximately 18,700 in September. This compares to 5,700 in May, 18,200 in June, 13,600 in August and 131,300 pre-COVID. It seems the beginning of a domestic travel recovery is taking place and travel agencies believe they are well placed to benefit from the expected domestic led tourism industry in FY21. 

Airlines looking to recover

For Qantas Airways Limited (ASX: QAN), the unexpected closure of several domestic borders in July meant its recovery has been delayed. Qantas was expecting group domestic services to be operating at about 60% of pre-COVID levels by late October. Instead, continued border closures meant that capacity stayed below 30%. The market seemed to ignore the timing issue as the Qantas share price marched 25% in November. It may come as a surprise that Qantas is only down 25% year to date. 

Air New Zealand Limited (ASX: AIZ) staged a similar recovery with its share price up more than 30% in November. However, it remains more than 40% below its pre-COVID share price level. 

Airports flat but stable

Auckland International Airport Limited (AX: AIA) and Sydney Airport Holdings Pty Ltd (ASX: SYD) did not deliver as explosive share price gains as airlines or travel agencies. However, their shares are only down a respective 15% and 20% year to date. 

Looking at Sydney Airport’s traffic performance, its total passenger traffic in October was 225,000 passengers, down 94.3% on the prior corresponding period. International passengers were down 97.4% while domestic passengers were down 92.6%. The modest recovery in domestic traffic in October was driven by the lifting of travel restrictions between New South Wales and South Australia, and New South Wales and the Northern Territory. 

Man who said buy Kogan shares at $3.63 says buy these 3 ASX stocks now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.

Find out the names of our 3 Post COVID Stocks – For FREE!

*Returns as of 6/8/2020

More reading

Motley Fool contributor Lina Lim has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited and Webjet Ltd. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Which ASX travel shares performed the best in November?  appeared first on Motley Fool Australia.

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!