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

Virgin Australia Holdings

20/05/2026 01:30

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

** Stock hits its 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

** YTD, stock down 51.1%

($1 = 1.4088 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))