Webjet Suitors Could Return on Leadership Upheaval -- Market Talk

Dow Jones
Mar 30

2242 GMT - The departure of two senior Webjet leaders in as many months could put the Australian travel agent back in the cross hairs of bidders, says RBC Capital Markets. Webjet today said Group CEO Katrina Barry will step down after delivering the company's FY result in May. RBC notes Webjet OTA chief executive David Galt also stepped down in late February. "We view the departures of Webjet's two most senior managers as potentially now creating a leadership vacuum which could play into the hands of recent would-be suitors who still both hold significant stakes in Webjet," analyst Wei-Weng Chen says. Helloworld and private equity firm BGH Capital each hold 18.3% stakes in Webjet, despite takeover talks ending in mid-February. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

March 29, 2026 18:42 ET (22:42 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10