Aussie leisure travel stalled; Investors see further earnings downside
ReutersMar 12, 2025 7:09 PM
Analysts at Jefferies say data suggests leisure travel in Australia remains flat to slightly down for the agent sector in 2025
Flags all three major travel agencies in Australia, namely Webjet WJL.AX, Web Travel WEB.AX and Flight Centre FLT.AX have been materially de-rated over the past year
Brokerage says investors appear to be anticipating further earnings weakness as the macro-economic sentiment deteriorates
Notes statement from Delta Air Lines DAL.N saying that March quarter outlook is impacted by macro uncertainty
WJL collectively down over 6% in the last three sessions, while WEB has lost about 10% in the last four days
FLT down 8% in the past three sessions collectively
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