In the past 10 days the value of Webjet shares has surged by more than 30% from $3.05 on July 7 to $4.09 last night after it re-affirmed profit guidance for the 14/15 financial year of $27m.
That’s all it took, confirmation that what they had said previously remained true.
Investors are clearly skittish about travel retail stocks due to the recent downgrade by industry giant Flight Centre, a mostly traditional retailer that’s been hit by slowing outbound travel by Australians.
But Webjet has shown that, in its case at least, online retail marches to its own beat, growing turnover across all key business areas.
Never has the divide been wider between traditional retailers and online travel agents than it is now.