Australian travel cos rise as Trump, Iran agree to 2-week ceasefire

ReutersApr 8, 2026 3:02 AM

Shares of airlines like Virgin Australia VGN.AX rise as much as 14.4%, Qantas QAN.AX adds 9.3% and travel distribution co Web Travel Group WEB.AX gains 10.5% intraday

Surging fuel prices and potential demand pullback due to the war weighed on airlines and travel cos since its start

Last month, VGN lost 23.6%, QAN shed 15.9%, while WEB was down 19.2%

Trump on Tuesday agreed to a two-week ceasefire with Iran; oil prices fell below $100 per barrel O/R

VGN, QAN and WEB down 25.9%, 10.9% and 40%, respectively, YTD

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