Webjet has blamed a steep drop in domestic flight bookings on the demise of airline Regional Express, while postponing plans for a share buyback amid takeover speculation surrounding the group.
Chief executive Katrina Barry said net profit of $20.9 million for the year to March 31 was in line with guidance and achieved “despite a challenging consumer environment”. The group reported a 9 per cent drop in domestic flight bookings for the year to March 31. While bookings were down 11 per cent in the first six weeks of financial year 2026.
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correction —
An earlier version of this article incorrectly stated the decline in domestic flight bookings for the full-year to March 31.
Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
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