Webjet profit halves

Costs rise on acquisition, expansion; domestic travel flat.

Online flight booking service Webjet will focus on building margin in a moderating travel market, holding off on providing guidance until its AGM in November this year.

Despite a 28% increase in revenue for the year to $76 million, Webjet’s net profit plunged over 50% to $6.48 million as it chased growth.

Analysts had forecast net profit to be around $14.6 million for the period.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles