Tuesday, July 04, 2006
Big Webjet quarter- happiness is a low base
Webjet announced a good quarter. Total travel for the financial year to June 30 was AU$172mm (US$129mm). A 100 plus percent increase looks good but when it comes to growth "happiness is a low base". It is the FY07 year that will truly show whether Webjet will be able to develop sustained growth. They are betting on their
new re-launched hotel play and yet to be seen improved packaging.