The Helloworld Ltd (ASX: HLO) share price has defied the market sell-off and climbed significantly higher today.
In afternoon trade the travel agent's shares are up 8.5% to $3.96.
Why has it jumped?
As well as announcing the appointment of Peter Prowse as Group General Manager, this morning the travel agent provided a business update.
In April Helloworld revised its full-year EBITDA guidance higher to between $52 million and $55 million thanks to positive growth in air ticket sales. Previous guidance had been for EBITDA in the range of $47 million to $51 million.
Pleasingly, management has advised that strong trading conditions in the June quarter means that it now expects to hit the top end of its full-year earnings guidance.
Helloworld isn't the only company expecting to have a strong second-half. Rival Flight Centre Travel Group Ltd (ASX: FLT) has advised that its expects to deliver a stronger second-half this year.
