Australia's travel stocks fall as Delta Air outlook flags concerns over muted demand

Alliance Aviation Services

11/03/2025 23:58

** Shares of Australian travel-related companies fall on worries over consumer behaviour

** The moves come after major U.S. carrier Delta Air Lines' DAL.N earnings outlook raised concerns over muted consumer demand and an economic slowdown

** Online travel agencies Webjet WJL.AX and Web Travel Group WEB.AX drop 2.3% and 4.1%, respectively

** Travel agencies Flight Centre FLT.AX and Corporate Travel Management CTD.AX slip between 2.9% and 4.4%

** Shares of Kelsian KLS.AX, which operates transport in Australia, fall 2.6%

** Airline Alliance Aviation AQZ.AX down 1.2%

** Qantas QAN.AX was an exception, with a 1.7% gain

** QAN stock recovers from five sessions of losses after having dropped 8% on Tuesday when it traded ex-dividend

** Travel-linked stocks were down in the West as well, with Delta and Airbnb ABNB.O closing down 7.3% and 5.1%, respectively

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com;))