Five companies to fly away on

Financial journalist and commentator on 3AW and Sky Business
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Key points

  • A lower Aussie dollar makes travel for international guests cheaper.
  • Sydney Airport clips the ticket on flights coming and going and Flight Centre is one of the world’s largest travel companies.
  • Webjet is an internet disrupter and Corporate Travel Management and Cover-More are also well positioned.

 

It’s a long way from the Australian dollar’s peak of US$1.10 in 2011 to the current level of 87.5 cents, but it’s a welcome sight for the Australian tourism industry.

While the Aussie dollar’s extended sojourn above US dollar parity brought unprecedented value-for-money for Australians travelling abroad – coupled as it was with multi-decade highs against the pound, and the best exchange rates against the euro and the yen in several years – it was not a pleasant sight for the inbound tourism industry.

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