Webjet has released an FY25 trading update this morning, revealing its consumer division is facing headwinds.
TTV for Webjet OTA is tracking 10% below the previous reporting period, while bookings are also down by 5%.
The subdued results were attributed mainly to Rex going into administration and ongoing cost-of-living pressures.
On a positive note, international bookings continue to grow, and EBITDA for the consumer arm is ahead of where it was last year.
Meanwhile, WebBeds’ performance in Europe was adversely impacted in June and July by the collapse of FTI Group, which Webjet said distorted the market and affected margins.
More details in today’s issue of Travel Daily.