Own Webjet (ASX:WEB) shares? Here's what to look at during reporting season

A few things to watch for investors in the Aussie travel share.

| More on:
hand holding miniature plane suspended by face mask representing asx travel share price

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It's been a tough 18 months for investors in Webjet Limited (ASX: WEB) shares. The Aussie travel group's value has halved since 21 February 2020 when the coronavirus pandemic really kicked in here. Here are a few things Webjet investors will be watching in August.

What to watch in August if you own Webjet shares

August means the ASX reporting season is upon us. For many Aussie companies with a 30 June financial year-end, that means full-year earnings results.

Webjet investors will be understandably keen to see COVID-19 restrictions ease both domestically and internationally. Webjet generates revenue through customer bookings, so if traffic is reduced, that's not good news for earnings.

Shareholders will likely be keeping an eye on the major travel players for commentary around the FY2022 outlook. The Aussie travel market, particularly regarding air travel, is concentrated. That means insights from the likes of Qantas Airways Ltd (ASX: QAN) and Regional Express Holdings Ltd (ASX: REX) could be valuable.

Webjet shares have recovered 66.1% in the last 12 months after being smashed in the March 2020 bear market. However, it's still a long way back to pre-COVID share price levels.

Clearly, the key to Webjet's value increasing is for booking numbers and travel to pick back up. Current COVID-19 restrictions haven't helped, but investing is a long-term game. That means any indication in August of increasing discretionary consumer spending could be good news for the likelihood of a travel rebound.

Apart from the airlines, investors might also be keeping an eye on rivals' results in the August reporting season. That means watching Corporate Travel Management Ltd (ASX: CTD) and Flight Centre Travel Group Ltd (ASX: FLT). This might provide an indication of how Webjet is travelling compared to its peers and the broader industry.

There's also the Sydney Airport Holdings Pty Ltd (ASX: SYD) result to watch. Sydney Airport is Australia's busiest airport which means traffic updates and FY2022 commentary is a useful barometer.

Foolish takeaway

Webjet shares remain under pressure heading into the August reporting season. Shareholders will likely be watching for any signs of COVID-19 restrictions easing, how Webjet's performance stacks up against its peers and the FY2022 outlook from major travel industry stakeholders.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the 'five best ASX stocks' for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited and Webjet Ltd. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Travel Shares

Woman on a tablet waiting in for her flight in an airport and looking through a window.
Travel Shares

Why have Qantas shares outperformed Flight Centre shares by more than 100% over the past 12 months?

The two share prices are travelling in opposite directions.

Read more »

Man sitting in a plane seat works on his laptop.
Travel Shares

Qantas share price slips amid looming $121 million fine

Qantas continues to face legal issues stemming from the Covid pandemic years.

Read more »

A woman looks up at a plane flying in the sky with arms outstretched as the Flight Centre share price surges
Earnings Results

Up 78% since April, why is the Webjet share price taking off again today?

Webjet shares have soared 78% since 4 April and are lifting off again today. But why?

Read more »

a young woman looks at here phone as she strides out in an airport dragging her wheelie bag behind her and smiling widely.
Travel Shares

Would I buy Qantas shares right now?

This ASX travel share has flown higher. Is it a buy?

Read more »

a woman drawing image on wall of big fish about to eat a small fish
Mergers & Acquisitions

Guess which ASX All Ords stock just received a takeover offer

A private equity firm has its eyes on this stock.

Read more »

A woman reaches her arms to the sky as a plane flies overhead at sunset.
Travel Shares

Qantas shares just hit $10. Can they fly higher?

Will Qantas shares reach a new all-time high in 2025?

Read more »

A corporate-looking woman looks at her mobile phone as she pulls along her suitcase in another hand while walking through an airport terminal with high glass panelled walls.
Travel Shares

After lowering its guidance, what's Macquarie's price target on Corporate Travel Management shares?

What does this broker have to say about the travel company?

Read more »

Man sitting in a plane seat works on his laptop.
Travel Shares

Why did the Qantas share price lose altitude in April?

Qantas shares didn’t join in April’s ASX 200 rebound. But why?

Read more »