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Webjet Group Limited (ASX:WJL)

ALERT: Price-sensitive ASX Announcement for WJL
Current share price for WJL : $0.405 -0.085 (-17.35%)+
Announcement
Release
20 May 2026 9:08AM
Price at Release
$0.490
Full Release
download
Summary
Webjet Group Limited announced changes to its commercial agreements with Virgin Australia, specifically affecting the commission payments Webjet Marketing Pty Ltd receives. Virgin Australia notified Webjet that starting from 1 July 2026, there will be substantial reductions in commission streams and commercial arrangements. If these changes had been applied at the beginning of the financial year 2026, it would have resulted in a $3.0 million reduction in revenue. In response, Webjet intends to revise its commercial and partnership strategies to optimize outcomes. The announcement led to a temporary trading halt on the ASX.
Key Points
  • Webjet Marketing Pty Ltd received notice of changes to agreements with Virgin Australia Airlines Pty Ltd.
  • Virgin Australia will reduce commission streams and commercial arrangements effective from 1 July 2026.
  • The financial impact on Webjet if applied from the start of FY26 would be approximately $3.0 million.
  • Webjet plans to adjust its commercial and partnership strategy in response to these changes.
  • The announcement led to a trading halt on the ASX pending its release.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.