Flight Centre Travel Group FLT.AX gained 7.8% and Qantas Airways QAN.AX firmed 4.6%. Meanwhile, data showed Australian retail sales surged by a record in the December quarter as the end of coronavirus lockdowns unleashed a wave of pent-up spending, adding to the risk of rate rises. "Inflation has been strong so far this year and markets are just getting used to the idea of interest rates rising and stimulus being paid back," Steven said.