Market Guidance - Webjet Pre Tax Profit Leaps - For Year Ended 30 June 2006

TTV $172.3m up 122%
NPBT between $3.2m and $3.4m
Operating cash flow of $4.1m
Total cash on hand $23.1m

Webjet today, as a matter of general market guidance, announced a net profit before tax¹ in the band of $3.2m to $3.4m (unaudited) for the financial year ended 30 June 2006.

Commenting, Webjet Managing Director, David Clarke, said:

“The profit reflects an increase of 330%² on last year’s AIFRS adjusted profit of $0.7m (comparative AGAAP 2005 was $1.4m) ³.  It demonstrates the economic success of Webjet’s increasing market footprint which has been progressively reported to the market in our total transaction values over the last four quarters which have, in turn, increased 122% relative to the same period last year.  The results also demonstrate the potential leverage of Webjet’s low cost base, tightly controlled marketing expenditure and deliberately focused business plan.

Our cash reserves of $23.1m as at 30 June 2006 and our debt free balance sheet, along with a cash flow generation from trading activities, gives us significant flexibility moving forward and in due course Webjet’s board will consider appropriate capital management policies and potential strategic opportunities that may arise over the next twelve months.

The following graphs more clearly illustrate the key indicators.”

 “During the next six months, Webjet will be releasing a number of substantial marketing, product and unique customer servicing initiatives designed to further accelerate and extend our market footprint in both Australia and overseas.

We are delighted with the results to 30 June, however, consistent with our previous policy, we do not intend, at this stage, to provide forecast for 06/07. Full 4E filings are scheduled for approximately 16 August 2006.