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AAP
AAP
Business
Derek Rose

Webjet beats expectations with $150 million turnaround

Webjet Web Travel Pandemic
Webjet days travel has yet to fully return to what it was before the COVID-19 pandemic. (Nikki Short/AAP PHOTOS) (AAP)

Webjet has delivered a $150 million turnaround as a restructuring of its business-to-business marketplace for the travel industry pays off.

The online travel marketplace said on Wednesday it made $134.8 million in underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) in 2022/23, compared to a $15m underlying EBITDA loss the year before.

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