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Stock of the day: Webjet
Fresh uncertainty surrounds Webjet after two senior exits and a prior earnings downgrade, with reaffirmed guidance doing little to ease caution across a softening travel sector.
(AI video summary)
This video was created on 30 March 2026 for IG audiences by ausbiz.
ASX code: WJL
Leadership changes raise uncertainty for Webjet
Webjet said managing director and chief executive Katrina Barry will step down in May, only two years after taking the role and shortly after the exit of the company’s online travel head.
Despite the leadership turnover, Webjet reaffirmed its 2026 guidance, forecasting underlying earnings of $28 million − $29 million. The company noted that global uncertainty continues to influence travel patterns, though demand has held up so far.
Takeover interest possible, but stability questioned
Hello World and BGH Capital each own about 18.3% of Webjet, meaning prior takeover bids of $0.91 and $0.90 a share could re‑emerge. However, two senior departures in quick succession point to possible internal issues. With travellers shifting to domestic and Asia‑focused trips, and long‑haul demand easing.
Investment outlook
Webjet’s reaffirmed guidance provides some support, but leadership turnover, softer long‑haul travel and past failed takeover bids leave the stock in a cautious holding pattern.
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