Webjet sales increase 25%

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Online travel agency Webjet says the value of its ticket sales in the three months to September was up by 25 per cent on the same period last year.

Webjet said its total transaction values (TTV) from July to September totalled about $188 million, which compares to $149 million in the previous corresponding period.

“Most of this strong TTV growth has been produced by increasing transaction numbers as distinct from unit values, and has been achieved despite the non-operation of Tiger for part of this period,” managing director John Guscic said.

“We believe the general travel market growth has been less than 10 per cent and, consequently, Webjet has substantially outperformed.”

Webjet has forecast TTV and profit growth of more than 10 per cent for the current financial year.

Mr Guscic said further full year guidance would be provided at Webjet’s annual general meeting on October 19.