Australia's Webjet Group hits record low as annual earnings slump

Flight Centre Travel

20/05/2026 06:59

Adds moves of peers in bullet 7, updates moves in bullet 8

** Shares of Australia's Webjet Group WJL.AX fall as much as 18.4% to a record low of A$0.4

** Stock logs biggest intraday pct drop since February 13

** Stock on track for a fourth consecutive session of losses, if current trend holds

** The online travel agency posts FY26 underlying net profit after tax (NPAT) of A$13.6 million ($9.65 million), down 24% from last year

** Expects FY27 to be materially impacted by lower airline commissions, among others

** Webjet says Virgin Australia VGN.AX, through unit Virgin Australia Airlines, has informed unit Webjet Marketing that VGN will reduce its commission streams, commercial arrangements

** Shares of peers Flight Centre Travel Group FLT.AX, Web Travel Group WEB.AX and Helloworld Travel HLO.AX down between 1.1% and 7.8%

** YTD, WJL down 50.6%

($1 = 1.4088 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))