How has the Webjet (ASX:WEB) share price performed since reporting FY21 results?

The company's FY21 revenues took a big hit from pandemic travel restrictions.

| More on:
A young woman makes an online travel booking as she sits on some steps with her suitcase next to her.

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

The Webjet Limited (ASX: WEB) share price is tumbling, down 2.5% in late afternoon trade to $5.77 per share.

It's not just Webjet's share price in retreat though. The S&P/ASX 200 Index (ASX: XJO) is down 2.3% at this same time.

With 4 months now having come and gone since Webjet reported its full 2021 financial year results (FY21), we take a look at how the travel agency has been faring since reporting.

Along with a brief recap of its results…

What FY21 results did the ASX 200 travel share report?

The Webjet share price was in sharp focus on 19 May, the day the company reported its FY21 results before market open.

Among the core results, Webjet saw its revenues plunge, falling from $266.1 million in FY20 to $38.5 million in FY21.

The travel company's underlying losses more than doubled year-on-year, to an $88.8 million loss, compared to an underlying loss of $42.3 million the previous financial year.

On the positive end of the ledger, Webjet's balance sheet was strong, with $431 million pro forma cash on hand.

Webjet did not pay an interim or final dividend in FY21.

Commenting on the pandemic stymied results and the company's ability to bounce back quickly when travel resumes, Webjet's managing director, John Guscic said:

We know there is strong demand for travel – we've seen that with the performance of Webjet OTA, with Australian domestic bookings reaching 95% of pre- Covid bookings in April. Webjet OTA has always had a key strength in servicing the domestic leisure market and our ability to scale costs in line with demand meant it was profitable as soon as borders opened.

How has the Webjet share price performed since reporting results?

The Webjet share price gained 0.6% on 19 May, following the release of its FY21 results. Since then, Webjet shares are up 24%.

By comparison the ASX 200 is up 3% over that same period.

Should you invest $1,000 in Web Travel Group Limited right now?

Before you buy Web Travel Group Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Web Travel Group Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

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 Webjet Ltd. 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

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 »

Man waiting for his flight and looking at his phone.
Travel Shares

Corporate Travel shares crash 11% as Trump tariffs bite

Trump’s tariffs are roiling Corporate Travel shares on Friday.

Read more »

A family walks along the tarmac towards a plane representing more people travelling as ASX travel shares recover
Travel Shares

How lower interest rates could send this beaten down ASX All Ords stock flying

A leading expert says this sold-off ASX All Ords stock is ‘well placed for growth’.

Read more »

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

After a guidance downgrade, what does Macquarie think Flight Centre shares are worth?

Is this stock great value after its downgrade?

Read more »

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

Will lower US travel impact Flight Centre shares?

New data reveals an uncertain future for US travel. Here’s how it could impact travel shares. 

Read more »

Couple at an airport waiting for their flight.
Travel Shares

Why is the Flight Centre share price sinking today?

ASX investors are bidding down Flight Centre shares on Monday. But why?

Read more »

A happy family of four on holidays stand on a jetty and cheer.
Travel Shares

Travel to the US is down this year. Will Australia's tourism sector benefit?

2025 could prove to be a good year for Australian hotel operators.

Read more »

Couple at an airport waiting for their flight.
Travel Shares

What are Macquarie's top 3 ASX stock picks in the travel sector?

If you are looking for exposure to the travel sector, then it could be worth listening to what Macquarie Group…

Read more »