
Webjet takes off on bid amid mixed performance

Webjet shares jumped 17.9% by 12:35 pm AEDT (1:35 am GMT) after it received a takeover bid from a competitor and reported mixed results for the first half of the 2026 financial year (FY26). The online travel agency said in an ASX announcement it had received a non-binding and indicative offer from Helloworld Travel for the 82.73% of the shares it did not already own by way of a scheme of arrangement at A$0.90 cash (US58.85 cents) per share. Webjet said its Board had agreed to provide Helloworld with an opportunity to conduct due diligence, but there was no certainty that the proposal would result in a binding offer or a completed transaction. Helloworld said the proposal represented a premium of: 31% to Webjet’s undisturbed closing share price of 68.5 cents on 7 May54% to the one-month volume weighted average price, 58 cents to 7 May, and19% to Webjet’s closing price of 75.5 cents on 18 November. “Further, we believe that Helloworld and Webjet are logical partners and that a combination provides a strong platform for both companies to achieve their long-term strategic objectives,” Helloworld Chief Executive Officer and Managing Director Andrew Burnes said in an ASX announcement. Webjet also announced that statutory net







