Why did the Web Travel share price just crash 32%?
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The Web Travel Group Ltd (ASX: WEB) share price is in free fall today.
Shares in the S&P/ASX 200 Index (ASX: XJO) travel industry company closed Friday at $7.03. In morning trade on Monday, shares are swapping for $4.81 apiece, down 31.6%.
For some context, the ASX 200 is up 0.3% at this same time.
This collapse comes following the release of Web Travel’s preliminary update on the first half FY 2025 (1H FY 2025) financial results of its WebBeds business for the six months ending 30 September.
As you’re likely aware, Web Travel spun off its online travel agency business, Webjet Group (ASX: WJL), last month. Webjet began trading as an independent entity on 23 September.
Web Travel is now focused on the WebBeds,…
