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9 stories mentioning ASX:WJL

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Asia

Update: Helloworld Travel Lowers Fiscal Year 2026 EBITDA Guidance; Shares Fall 3%

(Updates to add stock movement in the headline and last paragraph)Helloworld Travel (ASX:HLO) lowered its fiscal 2026 underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance to AU$57 million to AU$62 million, down from AU$64 million to AU$72 million, citing operational disruption linked to the ongoing Middle East conflict, according to an Australian bourse filing on June 5 after market hours.The conflict has led to substantial flight cancellations and re-bookings, a reduction in Middle Eastern airline capacity, and rising fuel costs, which together have driven forward air sales to about 4% below the prior-year level in the fiscal fourth quarter, per the filing.The company notes that despite near-term weakness, forward bookings from July onward are trending higher year over year, and it expects leisure travel demand to recover within 60 to 90 days following the resolution of the conflict, the filing said.The company anticipates a fully franked final dividend comparable to the interim payout in March, as it continues to benefit from a strong revenue mix driven by premium cabins and non-air services.The company remains resilient in leisure travel demand and continues to hold a 20.1% stake in Webjet (ASX:WJL), which it actively monitors as a strategic investment, the filing added.Helloworld's shares fell around 3% in recent Tuesday trade, while Webjet declined 4%.

ASX:HLOASX:WJL
Asia

Helloworld Travel Lowers Fiscal Year 2026 EBITDA Guidance

Helloworld Travel (ASX:HLO) lowered its fiscal 2026 underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance to AU$57 million to AU$62 million, down from AU$64 million to AU$72 million, citing operational disruption linked to the ongoing Middle East conflict, according to an Australian bourse filing on June 5 after market hours.The conflict has led to substantial flight cancellations and re-bookings, a reduction in Middle Eastern airline capacity, and rising fuel costs, which together have driven forward air sales to about 4% below the prior-year level in the fiscal fourth quarter, per the filing.The company notes that despite near-term weakness, forward bookings from July onward are trending higher year over year, and it expects leisure travel demand to recover within 60 to 90 days following the resolution of the conflict, the filing said.The company anticipates a fully franked final dividend comparable to the interim payout in March, as it continues to benefit from a strong revenue mix driven by premium cabins and non-air services.The company remains resilient in leisure travel demand and continues to hold a 20.1% stake in Webjet (ASX:WJL), which it actively monitors as a strategic investment, the filing added.

ASX:HLOASX:WJL
Asia

Webjet Confirms Departure Date for CEO

Webjet (ASX:WJL) has confirmed that Chief Executive Katrina Barry will step down on May 31, following her previously disclosed resignation, according to a Friday Australian bourse filing.The company and Barry have entered into a consultancy agreement for her to assist with transitional matters after May 31, per the filing.Layton Shannos, chief financial officer, has been appointed acting CEO effective June 1, the filing said.The company is continuing its search for a permanent CEO successor and will update the market in due course, the filing added.

ASX:WJL
Asia

Webjet's Fiscal Year 2027 Earnings Under Pressure From Weak Demand, Says Jefferies

Webjet (ASX:WJL) is starting fiscal year 2027 poorly, as earnings come under pressure from subdued demand and lower commissions from airline Virgin Australia, Jefferies said in a note on Wednesday.The company posted fiscal year 2026 underlying EBITDA in line with consensus, but a 2% beat in revenue expectations was offset by a 9% miss in underlying net profit after tax (NPAT) due to higher non-cash expenses and lower net interest.The investment firm said fiscal year 2027 trading to May 17 appears weak, with online travel bookings down about 15%, primarily hurt by cost-of-living pressures, elevated airfares, and travelers opting for short-haul trips to Asia rather than international travel.An upcoming ban on card surcharges by the central bank also poses a "difficult-to-offset earnings risk" due to limited pricing power."While growth in Business Travel and ancillary revenue is encouraging, these are not yet large enough to offset core weakness," analysts at the brokerage said.Jefferies has a hold rating on Webjet with a price target of AU$0.65.

ASX:WJL
Asia

Australian Shares Fall; James Hardie Industries Posts Lower Fiscal Q4 Adjusted Earnings, Higher Net Sales

Australian shares again fell on Wednesday as a sell-off in bonds intensified amid rising concerns over inflation.The S&P/ASX 200 Index rose 1.26%, or 108.10 points, to close at 8,496.60.Brent crude oil futures were trading above $110 per barrel. Two Chinese tankers filled with oil exited the Strait of Hormuz on Wednesday, Reuters reported, citing shipping data.The US 30-year treasuries yield rose to 5.2%, the highest level since 2007. The Australian government 15-year bond yield was at 5.29 %, the highest level since 2011.On the domestic front, employers in Australia paid a total of AU$110.56 billion in wages and salaries for 15.5 million jobs in March, an increase of 1.4% from AU$109.07 billion in February, according to data from the Australian Bureau of Statistics.The United Nations lowered its 2026 growth forecast for the Australian economy to 2% as the country's demand‐led recovery is now under pressure from the energy supply shock created by the Middle East conflict, according to the mid-year update of the body's World Economic Situation and Prospects report.In company news, James Hardie Industries (ASX:JHX) reported fiscal fourth quarter adjusted earnings of $0.30 per share, down from $0.36 a year earlier. Net sales for the three months ended March 31 was $1.4 billion, compared with $971.5 million a year earlier. Its shares were down nearly 1% on market close.Electro Optic Systems Holdings (ASX:EOS) said it has completed a fully underwritten institutional placement of about 18.8 million new fully paid ordinary shares at AU$8 per share, raising AU$150 million from existing and new institutional investors. Its shares fell 10% on market close.Lastly, Webjet (ASX:WJL) said its wholly owned subsidiary Webjet Marketing has received written notice from Virgin Australia Holdings (ASX:VGN) advising of changes to their existing agency and ancillary commercial arrangements. Virgin has advised that from July 1 it will significantly reduce these commission payments and broader commercial terms. Its shares plunged 11% on market close.

ASX 200ASX:EOSASX:JHXASX:WJL
Asia

Update: Webjet Unit Flags Changes to Virgin Australia Commercial Agreements, Shares Hit All-Time Low

(Updates to add share movement in the headline and the fourth paragraph)Webjet (ASX:WJL) said its wholly owned subsidiary Webjet Marketing has received written notice from Virgin Australia Holdings (ASX:VGN) advising of changes to their existing agency and ancillary commercial arrangements, according to a Wednesday filing with the Australian bourse.The company currently earns commission on the sale of Virgin flights and related services, subject to performance targets, but Virgin has advised that from July 1 it will significantly reduce these commission payments and broader commercial terms, per the filing.The company said that if the change had been implemented at the start of fiscal 2026, it would have had an around AU$3 million impact on fiscal 2026 revenue.The company's shares fell 13% in recent Wednesday trade and earlier hit an all-time low.

ASX:VGNASX:WJL
Asia

Webjet Posts Lower Fiscal Year 2026 Underlying Earnings, Higher Revenue

Webjet (ASX:WJL) reported Wednesday fiscal year 2026 underlying earnings of AU$0.0339 per share, down from AU$0.0448 a year earlier.Analysts polled by FactSet expected earnings of AU$0.03.Revenue for the 12 months ended March 31 was AU$136.4 million, compared with AU$135.3 million a year earlier. Analysts surveyed by FactSet expected AU$133.3 million.The board declared a final dividend of AU$0.02 per share, payable June 10 to shareholders on record as of May 28.

ASX:WJL
Asia

Webjet Unit Flags Changes to Virgin Australia Commercial Agreements

Webjet (ASX:WJL) said its wholly owned subsidiary Webjet Marketing has received written notice from Virgin Australia Holdings (ASX:VGN) advising of changes to their existing agency and ancillary commercial arrangements, according to a Wednesday filing with the Australian bourse.The company currently earns commission on the sale of Virgin flights and related services, subject to performance targets, but Virgin has advised that from July 1 it will significantly reduce these commission payments and broader commercial terms, per the filing.The company said that if the change had been implemented at the start of fiscal 2026, it would have had an around AU$3 million impact on fiscal 2026 revenue.The company requested a trading halt on the Australian Securities Exchange, the filing added.

ASX:VGNASX:WJL
Asia

Webjet Chair Don Clarke to Retire

Webjet's (ASX:WJL) Chair Don Clarke is set to retire from the company's board, effective May 20, according to a Wednesday filing with the Australian bourse.The company said Gary Weiss will become interim chair on the same date, per the filing.

ASX:WJL