Shares in Webjet Ltd (ASX:WEB) lifted yesterday after the online travel agent said its site experienced peak enquiry and rebooking levels after the suspension of budget airline Tiger Airways.
The increased traffic resulted in the company’s highest ever Saturday billing level.
Webjet expects no material impact in its current or following financial year results due to the grounding of Tiger Airways fleet.
The company also believes Australia’s domestic airlines have the capability to modify capacity if Tiger doesn’t return to the skies.
Yesterday shares in Webjet rose 2.48 per cent, closing at $2.07.
In the first six months of its 2011 financial year, Webjet reported a net profit of $5 million.
