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Why Webjet is using revenge travel cash to buy back pandemic-era funds

The travel bookings group has had a boom and bust few years. It is booming again, and thinking about cleaning up its capital structure.

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How times have changed for Webjet boss John Guscic and his chief financial officer Tony Ristevski.

Only 3½ years after a company saving equity raising, and two years since it tapped convertible bond markets for more funds, the group has $514 million in cash and seeing transaction value levels ahead of its pre-COVID numbers.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/why-webjet-is-using-revenge-travel-cash-to-buy-back-pandemic-era-funds-20230829-p5e0dm