Webjet on track to lift full year earnings

Webjet is confident of lifting its underlying full year earnings to $27 million after a solid rise in international and domestic travel bookings.

Webjet.

Online travel company Webjet is on track to lift underlying earnings to $27 million. (AAP)

Online travel company Webjet is on track to lift underlying earnings to $27 million despite a rise in costs and foreign currency fluctuations.

Webjet says total transaction values - or the price it sells travel products and services as an agent for airlines - surged 41 per cent to $646 million in the six months to June 30 thanks to solid rises in domestic and international bookings.

The result helps put Webjet on track to lift underlying earnings from $23.3 million in 2013/14 despite higher costs from expanding its sales team and a $2 million hit from foreign exchange movements.


Share

1 min read

Published

Updated

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world