Web Travel Group Ltd
Webjet soars to record earnings, announces strategic demerger of leading divisions
Online travel specialist Webjet (ASX: WEB) has set new record earnings and revealed plans to separate its two leading divisions WebBeds and Webjet B2C via a demerger. With record returns from bookings and total transaction value (TTV), Webjet’s EBITDA hit $188.1 million, with an underlying net profit after tax of $128.4m. In announcing the results, […]
Webjet flying with record travel booking numbers
New financial results from global digital travel business Webjet (ASX: WEB) have again highlighted the industry’s significant rebound after the chaos of the COVID lockdowns. The company today revealed it had hit new record levels for Webjet bookings and Total Transaction Value (TTV). The company also reported that its FY23 Group Bookings and TTV were […]
Which travel and tourism stocks look good ahead of Australia’s ‘Great Reopening’?
Ahead of The Great Reopening – terms and conditions apply – investors pre-emptively have been piling into the travel and tourism faves such as Flight Centre (ASX: FLT), Webjet (ASX: WEB) and Qantas (ASX: QAN). There’s nothing wrong with that, especially given the travel agents have a heavy presence in offshore markets where the malevolent […]
What are the ASX stocks vulnerable to a ‘short squeeze’?
Could the ASX become subject to the same trading shenanigans in the US which put a rocket up the share price of struggling video outlet operator GameStop and then the silver market. It’s certainly food for short … er, thought. This month shares in online travel agent Webjet (ASX: WEB) have climbed around 10% as […]