Webjet expects no earnings growth

SHARES in online travel business Webjet have fallen after it said earnings would not grow in the current financial year.

Webjet currently estimates that earnings before interest, tax, depreciation and amortisation will be $21.5 million in the 2013/14 financial year, compared to $21.6 million in the previous year.

The earnings will include spending of about $3 million on marketing and its technology.

Webjet shares were down 11 cents, or 3.85 per cent, at $2.75 at 1500 AEDT.

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