Webjet Group Ltd (WJLTF) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody, and thank you for your time this morning. And first up, let me address a few things. Firstly, apologies for the delayed start. What was the trading halt? It took ASX a little bit more time this morning to upload from 7.30 when we posted. So let me just address that trading halt before we get into today's agenda, the FY26 results. In terms of, I can confirm the trading halt has been lifted. And there's been a release that has just been released to ASX this morning, where we voluntarily requested the trading halt to ensure that we had sufficient time to get to certainty on a material commercial issue. As per the release, and I'll let you read that at your leisure, Virgin Australia, one of our key partners, has advised us that with effect from the 1st of July, they will substantially reduce their commission streams and commercial arrangements with us. but still a valued partner, but this does have a significant impact on our future commercials. To give it some context and size, you'll see in the release that we've said had this been implemented at the beginning of FY26, it would have had an impact of approximately $3 million to underlying revenue. So I'll leave that there. I'm sure there'll be questions on it. But what I'd like to do now is present our FY26 results And joining me in the room today is Leighton Shanoff, our group CFO. So let's get started. All right. So I'd like to set the scene with, I think, three themes that really underpin today's result and presentation. And the first is that we've delivered a balanced execution in what remains a fairly challenging and dynamic macro environment. We've also continued to execute on our planned priorities around capital management with shareholder returns underway as promised. And lastly, we've ...