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Additional Information

Market:	ASX
Sector:	Aerospace
EPIC:	WEB
Latest Price:	2.58 (-0.77% )
52-week High:	2.60
52-week Low:	1.60
Market Cap:	189.58M

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Webjet

Webjet, as the name suggests, operates an online travel service

Webjet books large sales growth - defies gloom

Monday, January 05, 2009 by Proactive Investors

Webjet (ASX:WEB) has announced that preliminary figures for the half year to 31 December 2008 indicate a total transaction value of approximately $180 million compared with approximately $158 million for the same period last year, an increase of 14%.

During the same period despite a generally reported downturn in Australian air travel volumes, total transaction numbers increased by approximately 19% on the same period last year which reflects the substantial reduction in air fare ticket prices as airlines move to reduce fuel surcharges and provide the market with aggressively priced bargains.

Webjet Managing Director, David Clarke, said “despite the general gloom we expect that profit for the period will show a similar level of increase on last year and early holiday period January bookings have continued strongly driven in part by our early commencement of our media marketing campaign for 2009 on the National 7 (ASX:SEV) network.

The company said, although these early figures are extremely encouraging and suggest an increase in market share for Webjet it is too early at this juncture to form clear views on booking trends for 2009.

Webjet shares were trading up 4.7%, to $1.01.

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