Will the recommencement of ADS scheme for Chinese tour groups benefit Webjet Limited (ASX: WEB)?

Mon 25 Sep 23, 11:53 PM | Team Kalkine

Image source: © Joasouza | Megapixl.com

Highlights

Webjet offers a range of travel products like hotel rooms and flights through its online platform.

In FY23, the company registered EBITDA of AUD 134.8 million.

The company witnessed a positive start to FY24 as TTV increased across WebBeds and webjet.com.au division.

Webjet Limited (ASX: WEB) is an ASX-listed consumer services firm which offers travel products such as flights and hotel rooms through online mode. The company operates in a business-to-business wholesale division and retail business-to-consumer division.

In the financial year 2023, the company delivered EBITDA of AUD 134.8 million, and a total transaction value of AUD 4.35 billion, compared to AUD 1.64 billion in FY22.

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