Connect with us

Business

Why ASX travel shares like Webjet (ASX:WEB) fell lower on Monday

Published

on


It was a soft start to the week for ASX travel shares as coronavirus fears appeared to spark a small sell-off.

The Webjet Limited (ASX: WEB) share price closed the day down 3.8% at $4.77 per share while Qantas Airways Limited (ASX: QAN) shares fell 1.7%.

Why did ASX travel shares fall lower on Monday?

The big news on Monday afternoon was the temporary suspension of the Trans-Tasman Travel Bubble (TTTB).

The TTTB has been in operation since late 2020 which allows New Zealanders to travel into Australia without quarantining, with plans to make it a two-way arrangement in the near future.

All of those arrangements are on hold for now. Australia will now require all arrivals for the next 72 hours to enter mandatory hotel…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

What’s with the Botanix (ASX:BOT) share price today?
The Tesserent (ASX:TNT) share price is sinking 20% on record revenue