I think todays announcement by flightcentre to close down 100 branches versus webjets response of only cutting management salary just demonstrates how much more effective webjets business model is. Lower fixed costs like rent etc allows webjet more space to wriggle.
I really believe that webjet is most likely going to be the stronger of all travel agency shares to bounce back. And with industry consolidation occuring and possibly lower number of competitors, webjet can prove to be a more stronger and profitable business after coronavirus has been swept away.
Coronavirus, page-285
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Last
$4.34 |
Change
0.110(2.60%) |
Mkt cap ! $1.703B | |||
| Open | High | Low | Value | Volume |
| $4.25 | $4.34 | $4.22 | $7.424M | 1.724M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4441 | $4.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.35 | 12026 | 8 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| WEB (ASX) Chart |