The Webjet Limited (ASX: WEB) share price is inching towards the end of the week in the green.
Its strong performance might've been brought about by positive sentiment of the travel sector overseas.
At the time of writing, the Webjet share price is trading 2.92% higher than its previous close at $6.
For context, the S&P/ASX 200 Index (ASX: XJO) is currently up 0.95%.
Let's take a closer look at the online travel agent's Friday gains.
Webjet share price takes off on Friday
The Webjet share price is outperforming amid good news from international airline stocks.
While most of Australia slept, Southwest Airlines Co and JetBlue Airways Corporation released positive quarterly updates, spurring the US market to bid their share prices 6% and 3% higher respectively.
Both airlines noted that increased demand was helping to offset higher fuel costs and they expected to post strong results for the June quarter. Of course, what's good for airlines is generally positive for the travel sector, both overseas and more specifically for ASX travel shares.
Thus, the airlines' updates have potentially spurred positive sentiment for Webjet just weeks after the company reported it had returned to profitability.
At its current trajectory, Webjet expects to reach pre-pandemic booking levels sometime between October 2022 and March 2023.
The online travel agent is sharing its spotlight on Friday. The share price of its ASX 200 peer Flight Centre Travel Group Ltd (ASX: FLT) is also in the green, lifting 3.44% to trade at $20.46.
Meanwhile, stock in Corporate Travel Management Ltd (ASX: CTD) is up 3.1% at $21.60.
The Webjet share price has gained 10% since the start of 2022. It's also currently 18% higher than it was this time last year.
