The company has increased its underlying EBITDA to between $58 million and $62 million.
Improved margins, careful cost management and a value gain in its Webjet Limited shareholding have helped Helloworld revise and improve its full-year earnings guidance.
According to an Australian Securities Exchange filing today, the company is now expecting the 2024/25 financial year to close with underlying EBITDA of between $58 million and $62 million – up from the previous forecast range of between $52 million and $56 million.
While higher-spending, long-haul trips and TTV have declined year-on-year due to “marginally lower customer numbers”, Helloworld CEO and Managing Director, Andrew Burnes, said it is seeing growth in more mid-range destinations such as Japan, Bali, Thailand and Fiji. ReadyRooms bookings are also up 110%, with cruise sales also “growing strongly”.
Helloworld’s full-year results are due to be released in late August.
More details in today’s issue of Travel Daily.