Webjet (ASX:WJL) lowered its fiscal 2026 underlying earnings before interest, tax, depreciation, and amortization (EBITDA) guidance to AU$28 million to AU$29 million, according to a Friday Australian bourse filing.
The company's previous guidance from November 2025 was for underlying EBITDA of AU$30 million to AU$32 million, which was 9% to 14% lower than a year earlier.
The company added that its Webjet Business Travel segment is delivering in line with its plan and is still expected to reduce underlying EBIDTA by AU$600,000 to AU$900,000 in the second half of fiscal 2026, following the completion of the Locomote Holdings acquisition in October 2025.
Webjet added that it has lodged the requisite notification to launch an on-market share buyback program of up to AU$25 million, which was put on hold following receipt of Helloworld's (ASX:HLO) proposal and BGH's revised proposal.
The company's shares plunged 24% in recent Friday trade after earlier seeing their lowest since April 2025. Helloworld Travel's shares shed close to 5%.