It’s hard to believe that another fiscal year has passed. Yet my calendar insists that this is so.
With this in mind, we are offering you the 5 best performing ASX transport actions for fiscal year 2021 (FY21).
As a benchmark of their performance, we use the Index of all ordinary (ASX: XAO). From July 1, 2020 to June 30, 2021, the All Ords won 25%.
Fiscal 21 has been a difficult year for ASX transport actions, with many suffering from border closures and social distancing measures due to COVID. As you’ll see below, only 1 of our top 5 performers beat the benchmark.
Alliance Aviation Services Ltd (ASX: AQZ)
Alliance Aviation Services tops the list – and the only ASX transport stock to outperform the All Ords in fiscal year 21. The company ended the year up 53.2% to $ 4.55 per share .
Based in Queensland, Alliance Aviation offers charter flights and group travel, including arrival and departure services (FIFO) of workers in remote areas. Unlike the major airlines reliant on international and interstate travel, the company has seen increased demand due to the range of issues raised by the global pandemic.
With just under 160.5 million shares outstanding, Alliance Aviation has a market capitalization of $ 690.1 million. The company pays a dividend yield of 2.7%, fully franked.
The second best ASX transport stock for the year, with a 20.4% price gain, is Qantas.
Founded in Queensland in 1920, Qantas is the third oldest airline in the world still in operation. It operates 2 complementary airline brands – Qantas and Jetstar – offering regional, national and international services.
Despite the international travel virtually entrenched in FY21, and even much of its interstate routes threatened by the gradual closure of the state’s borders, investors appear to have confidence in the long-term value of the airline company.
Qantas ended the year at $ 4.66 per share with a market cap of $ 9.1 billion. The airline pays a dividend of 3.1%, franked at 100%.
In third place we have Air New Zealand, which saw its share price increase by 14.4% over the past year.
Founded in 1940, the company operates national and international services. It was listed on ASX in 1997 and is double listed on the New Zealand Stock Exchange under the symbol (NZE: AIR).
While underperforming the benchmark, as with Qantas, investors seem to believe the ASX travel share has a bright future ahead of it once the pandemic is finally brought under control.
Air New Zealand ended fiscal year 21 at $ 1.44 per share with a market cap of $ 1.7 billion. It pays a high dividend yield of 7.3%, with no deductible.
Auckland International Airport Ltd (ASX: AIA)
Auckland Airport is on the list of fourth best performing ASX travel shares, with shares closing 13.2% higher in fiscal 21.
Like our number 3 player, Auckland Airport is also listed on the New Zealand Stock Exchange under the symbol (NZE: AIA). The company listed on ASX in 1999 and with a market capitalization of $ 10.5 billion, it is among the largest listed companies in New Zealand.
Auckland Airport closed on June 30 at $ 6.76 per share. It pays a dividend yield of 1.4%, 43% franked.
Finally, in fifth place, Qube Holdings ended the year with shares up 10.5%.
Now, Qube differs from our top 4 ASX travel stocks because the company isn’t primarily about moving people, but rather things. Among its activities, Qube deals with road and rail transport and owns a 50% stake in Patrick Terminals, one of the largest container terminal operators in Australia.
Qube ended fiscal 21 with a share price of $ 3.17 and a market cap of $ 5.7 billion. The company pays a dividend of 1.6%, fully franked.