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Investing.com -- Webjet Limited on Wednesday reported declining performance in its first half 2026 results as the company struggles to compete with larger online travel agencies in a subdued leisure market.
The Australian travel company recorded 724,000 bookings in 1H26, representing an 8% decrease compared to the previous corresponding period.
Total transaction value (TTV) fell 3% to A$726 million, while revenue declined 1% to A$68 million. Underlying EBITDA before share-based payments dropped 8% to A$14.4 million.
For the full fiscal year 2026, Webjet expects underlying EBITDA to range between A$30 million and A$32 million, with the company citing a subdued domestic leisure market due to persistently high interest rates. The company also noted there would be no additional near-term international capacity growth.
Webjet’s performance contrasts sharply with global online travel agency competitors, with the company’s 3% TTV decline comparing unfavorably to Booking Holdings’ 14% TTV growth and Expedia’s 12% increase in their respective recent quarterly results.
Despite these challenges, Webjet announced its inaugural interim dividend of 2 cents per share for FY26, with plans to maintain a payout ratio of 40-60% of underlying net profit after tax for future dividends.
The company is pursuing growth strategies including increased marketing spend and expansion into underpenetrated sectors such as international flights as part of its goal to double TTV by 2030.
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