Australia, NZ travel stocks take off on possible re-opening of travel routes

Tourism Holdings

06/04/2021 02:46

** Australian and New Zealand travel stocks climb ahead of
possible announcement from NZ's Prime Minister Jacinda Ardern
regarding a travel bubble between the two countries 
    ** A local media reported that NZ could re-open it borders
to Australian travellers as soon as the end of the week
 urn:newsml:reuters.com:*:nL1N2LY24V
    ** Report comes as Ardern is scheduled to announce the date
for quarantine-free travel with Australia, after facing mounting
pressure from businesses to open the border
    ** Shares of carrier Air New Zealand  AIR.NZ  rise as much
as 6.7% to NZ$1.84
    ** Tourist services provider Tourism Holdings  THL.NZ  adds
up to 5.8%, while Auckland International Airport  AIA.NZ  climbs
3%
    ** AIR, THL and AIA among the biggest gainers on benchmark
S&P/NZX 50 index  .NZ50 
    ** In Australia, Qantas Airways  QAN.AX  climbs over 3%,
while Webjet Ltd  WEB.AX  and Flight Centre Travel Group
 FLT.AX  add ~5% and ~4%, respectively 
    


 (Reporting by Savyata Mishra and Shruti Sonal in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))