Webjet reveals Group TTV has returned to 90% of pre-pandemic levels.
Webjet has announced that its WebBeds business is driving a strong return to profitability, recording an EBITDA of $63.7 million for the first half of the financial reporting period, representing 87% of pre-pandemic levels.
Overall, the business posted a $2.143 billion statutory TTV result for the period, a significant increase on the $662.8 million reported in the previous corresponding period.
Revenue has also grown sizably from $55.4 million to $175.7 million, with MD John Guscic stating the business is continuing to perform well despite adverse factors such as limited international air capacity and higher prices for tickets.
More details in today’s issue of Travel Daily.