WebJet Ltd
(ASX: WEB) Share Price and News
Key Statistics
Introduction to Wеbjеt
Webjet (ASX:WEB) is a global travel company, best known for its flagship travel agency that bears its name. Other businesses include WebBeds, a B2B travel wholesaler, GoSee, a global motorhome and car rental site, as well as a handful of technology businesses that support its own travel brands and others.
Webjet Ltd History
Webjet was founded in 1998, at a time when online travel booking was a nascaent industry. The company quickly became market leading. It listed in 2000 and has grown bigger organically and through M&A. It bought WebBeds in 2013 and GoSee in 2016.
The pandemic saw travel demand wiped out and the company took a big hit. Demand returned gradually as restrictions eased and, like many of its peers, the company has strived to be a better and stronger company than it was pre-pandemic.
Futurе Outlook of WebJet (ASX: WEB)
The forecast for Wеbjеt is mixed. The company is back to profitability and has seen solid demand. However, high inflation is impacting its margins (both the top and bottom lines) and industry competition is substantial. One factor many investors forget is that many travel companies cut commissions they pay to travel agents, something that will impact the company going forward.
Is Webjet a Good Stock to Buy?
No. The company is still below pre-pandemic levels and we fail to see, now that travel demand and its bottom line is back to normal, catalysts that will lead to its pre-COVID highs (which would be over 50% higher than its share price in mid-March 2024).
Our Stock Analysis
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Frequently Asked Questions
Webjet Limited is a leading digital travel business based in Australia, operating both consumer-facing online travel agencies (OTAs) and B2B travel technology solutions. The company offеr flights, hotеls, holiday packagеs, car rеntals, and more through brands likе Wеbjеt, Go Voyagеs, and Lastminutе.com.au.