Turbulent skies for travel stocks

Shares in Auckland International Airport and Air New Zealand fell in trading today as the market took into account more covid uncertainty after a woman who left managed isolation on Jan. 13 tested positive.

The S&P/NZX 50 Index rose 0.49 percent, to 13,399. Turnover was $166.1 million.

Investment adviser at Hamilton Hindin Greene, Grant Davies, said the new case raised the prospect of a new lockdown and showed how tenuous NZ’s covid free status is.

“Clearly if there was to be another lockdown it's not going to be great for the airlines and airports.”