Online travel company Webjet is on track to lift underlying earnings to $27 million despite a rise in costs and foreign currency fluctuations.
Webjet says total transaction values (TTV) – or the price it sells travel products and services as an agent for airlines – surged 41% to $646 million in the six months to June 30 thanks to solid rises in domestic and international bookings.
The result helps put Webjet on track to lift underlying earnings from $23.3 million in 2013/14 despite higher costs from expanding its sales team and a $2 million hit from foreign exchange movements.
The core Webjet business again saw record TTV each month, continuing the performance reported during the first half. Domestic bookings were up 18% and international bookings were up 33% compared to the previous corresponding period.
The ZUJI business all performed well, with 22% TTV growth returning to the Asian businesses following the downturn in the first half.
