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Travel stocks defy surging fuel price

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Brent crude at $US80 a barrel is yet to trouble the ASX’s travel stocks, which have soared to their highest levels since the COVID-19 pandemic began, as investor confidence rises that international borders could be open before the year is out.

While the broader market has struggled through September, travel stocks have risen sharply in the last four weeks, despite the price of oil rising and some states declaring they could keep borders closed until next year.

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William McInnes covers markets from Sydney including editing the Markets Live blog. Connect with William on Twitter. Email William at w.mcinnes@afr.com.au

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    Original URL: https://www.afr.com/link/follow-20180101-p58vbb