Return to our Home page Search
Click here for the hotel and hospitality news from around the globe Hotel, Travel and Hospitality Articles Videos and in-depth Interviews
Read more now
Read more now
Read more now
Momentum running against belligerent Webjet.
Thursday, 5th June 2014
Source : Martin Kelly
Investment momentum has turned strongly against Australian online travel agent Webjet, which suffered the embarrassment of a stock exchange query on its sharp stock price fall over the past three weeks.
Webjet says there's nothing wrong, that it's business as usual. Maybe, but there's not a lot of love around for Webjet and its CEO John Guscic, who has been openly hostile to financial analysts.
Following Webjet's half-year results briefings, talk swept the financial community of Mr Guscic berating and belittling analysts that cover his company in front of their investors.
He was apparently frustrated with what he thought was their lack of knowledge – and faith in – his company.
But who is to blame?
Webjet has a reputation for revealing very little about its internal machinations or breaking out key components of the business, which has become much more complicated since the acquisition of Zuji last year.
Compounding matters was over-ambitious forecasting of the immediate financial benefit Zuji would bring to the Webjet bottom line.

Full story

Visit Unplugged Collection
 Latest News  (Click title to read article)

 Latest Articles  (Click title to read)

 Most Read Articles  (Click title to read)

~ Important Notice ~
Articles appearing on 4Hoteliers contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.

© Copyright 4Hoteliers 2001-2017 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here

Use of this web site is subject to our
terms & conditions of service and privacy policy