Many Australians have finally retaken to the skies in 2022 — and these ASX travel shares are lapping up the nation’s enthusiasm.
Australia’s international borders fully reopened in February, with the country welcoming back international tourists for the first time since March 2020.
And, during the Easter break, airports Australia-wide reportedly saw their highest levels of demand from holidaymakers in two years.
So, which ASX travel shares are taking advantage of 2022’s positive momentum? Let’s take a look.
This year’s top-performing ASX travel shares
A quick note: This list only considers ASX travel stocks with market capitalisations of more than $50 million.
Flight Centre Travel Group Ltd (ASX: FLT)
The Flight Centre share price has bested its ASX travel peers over 2022 so far, gaining 21% year to date.
That’s despite the only news from the company in that time – its half-year earnings – sending its share price 10% lower.
Additionally, short-sellers are likely irritated by recent gains in Flight Centre’s stock.
The company remains one of the ASX’s most shorted shares, with an 18.01% short interest as of The Motley Fool Australia’s latest short-selling update.
At the time of writing, the Flight Centre share price is $21.39, 0.99% higher than its previous close.
Webjet Limited (ASX: WEB)
Again, much to the disappointment of short-sellers, another of the ASX’s most shorted shares has come in as one of the top-performing travel stocks of 2022 so far.
The Webjet share price has gained around 13.93% this year, despite having a short interest of 8.8% at last count.
It’s currently trading at $5.87, 0.34% higher than its previous close.
Corporate Travel Management Ltd (ASX: CTD)
The Corporate Travel Management share price is also performing well in 2022. It’s come in as the third-best ASX travel stock of this year so far.
The company’s stock has gained 13.73% year to date, having been boosted 7.5% higher on its half-year results.
Additionally, the company completed a major acquisition earlier this month.
It’s now home to what was previously Helloworld Travel Ltd (ASX: HLO)’s corporate and entertainment travel businesses.
Right now, Corporate Travel Management’s stock is trading at $24.89, 0.12% higher than it was at the end of Thursday’s session.
Helloworld Travel (ASX: HLO)
The Helloworld Travel share price has lifted 7.97% since the start of 2022.
In that time, the company has released its half-year results, handed over its corporate and entertainment travel legs, and welcomed the planned return of international cruising.
In a recent presentation, the company noted it expects the reintroduction of international cruising, which made up more than a third of its pre-pandemic business, and the return to more normal travel patterns will help boost its bottom line.
The Helloworld share price is currently trading 1.11% higher at $2.73.
Qantas Airways Limited (ASX: QAN)
Finally, the iconic kangaroo has come in as the fifth best performing ASX travel share of 2022 so far.
The Qantas share price has gained 7.78% this year despite plenty of hiccups.
The airline pushed through COVID-19 outbreaks that saw it cut capacity in January, before its stock nose-dived 5% on its half-year earnings.
Right now, Qantas’ shares are trading for $5.41 apiece, 0.73% lower than its previous close.
The post Here are the 5 best performing ASX travel shares of 2022 so far appeared first on The Motley Fool Australia.
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More reading
- The Webjet share price has dropped 9% in six months. Is now the time to pounce?
- These are the 10 most shorted ASX shares
- These were the best performing ASX 200 shares last week
- ASX 200 travel shares had a super day. What’s happening?
- Here are the top 10 ASX shares today
Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Helloworld Limited. The Motley Fool Australia owns and has recommended Helloworld Limited. The Motley Fool Australia has recommended Corporate Travel Management Limited, Flight Centre Travel Group Limited, and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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