Antipodean travel stocks gain on New Zealand's border reopening plan

Web Travel

16/03/2022 24:42

** Travel stocks in Australia and New Zealand gain after New
Zealand says it will open its border for some visitors earlier
than expected
    ** Gains also fuelled by falling oil prices, which tumbled
more than 6% overnight as supply disruptions fears eased and
surging COVID-19 cases in China spurred demand concerns  O/R 
    ** Vaccinated Australians can travel to New Zealand from
April 12 and then from May 1 tourists from visa-waiver countries
such as the United States and Britain will be able to visit
 urn:newsml:reuters.com:*:nL2N2VJ004 
    ** Major Australian carrier Qantas Airways  QAN.AX  gains as
much as 4.1%, while Air New Zealand  AIR.NZ  jumps up to 4.7% 
    ** Travel management firms Flight Centre Travel  FLT.AX ,
Corporate Travel Management  CTD.AX  and Webjet  WEB.AX  climb
between 3.5% and 5.3%
    ** Flight Centre, Corporate Travel, Webjet, and Qantas among
top 10 gainers in the ASX 200 benchmark index  .AXJO 
    ** Auckland International Airport  AIA.NZ  advances as much
as 1.3%, hitting its highest since Feb. 10

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))