Webjet bounds ahead on the back of strong international bookings and solid organic growth.
The financial picture is looking bright at Webjet, with an update from its AGM this morning showing group bookings, TTV, revenue and EBITDA are all ahead of pre-pandemic volumes for the second half of FY 2023.Just over $2.2 billion was posted in TTV, ahead of the $1.9 billion recorded in 2019, while there was also a healthy 3.8 million bookings for the latest period, a solid gain on the 2.95 million taken during the same period in 2019.The WebBeds division was a major contributor to momentum, outperforming the market and showing signs of continued acceleration into the next financial period.Meanwhile for the full-year period, Webjet also showed signs of vigorous recovery, posting a 16% growth on pre-COVID bookings and TTV climbing past 2019 volumes to $4.35 billion.Commenting on the positive results, Chair Roger Sharp said “after several difficult years, we are pleased that full year 2023 saw a sharp improvement in almost all metrics”.
More details in today’s issue of Travel Daily.