Aussie leisure travel stalled; Investors see further earnings downside

Web Travel

12/03/2025 19:09

** Analysts at Jefferies say data suggests leisure travel in Australia remains flat to slightly down for the agent sector in 2025

** Flags all three major travel agencies in Australia, namely Webjet WJL.AX, Web Travel WEB.AX and Flight Centre FLT.AX have been materially de-rated over the past year

** Brokerage says investors appear to be anticipating further earnings weakness as the macro-economic sentiment deteriorates

** Notes statement from Delta Air Lines DAL.N saying that March quarter outlook is impacted by macro uncertainty

** WJL collectively down over 6% in the last three sessions, while WEB has lost about 10% in the last four days

** FLT down 8% in the past three sessions collectively

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com;))