Webjet Unit Flags Changes to Virgin Australia Commercial Agreements

MT Newswires Live05-20 07:52

Webjet (ASX:WJL) said its wholly owned subsidiary Webjet Marketing has received written notice from Virgin Australia Holdings (ASX:VGN) advising of changes to their existing agency and ancillary commercial arrangements, according to a Wednesday filing with the Australian bourse.

The company currently earns commission on the sale of Virgin flights and related services, subject to performance targets, but Virgin has advised that from July 1 it will significantly reduce these commission payments and broader commercial terms, per the filing.

The company said that if the change had been implemented at the start of fiscal 2026, it would have had an around AU$3 million impact on fiscal 2026 revenue.

The company requested a trading halt on the Australian Securities Exchange, the filing added.

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