Webjet withdraws FY2020 earnings guidance due to coronavirus uncertainty

11 March, 2020

Webjet revoked (11-Mar-2020) its FY2020 EBITDA guidance issued on 19-Feb-2020 due to the uncertainty and scale of coronavirus. As coronavirus spread to countries outside of China, the company experienced a material escalation in cancellation rates of near term and a reduction in overall activity. While forward bookings for the next three months are in line with expectations, there is insufficient insight into future performance to maintain earnings guidance. [more - original PR]