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Webjet s repeated capital market visits are raising eyebrows

Webjet’s repeated capital market visits are raising eyebrows Save Share With half-price Australian airline tickets on sale, potential tourists might scan Webjet’s website, perhaps enticed by the intriguing main image of a Rubik’s Cube-shaped building at a winery in South Australia. “Hurry before they sell out,” yells the advertisement. Of course, getting to Webjet’s home page might require navigating a Google search first. And that’s where the un-enticing second suggested question pops up: “Is Webjet in financial trouble?” That’s an understandable concern people might flag when searching for travel-industry associated companies. That industry, after all, was flattened by the coronavirus pandemic. Airline Virgin Australia went bust. So did travel agent STA Travel.

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