The Web Travel Group Ltd (ASX: WEB) share price is lifting off today.
Shares in the S&P/ASX 200 Index (ASX: XJO) travel stock closed on Friday trading for $2.96. During the Monday lunch hour, shares are swapping hands for $3.53 apiece, up a blistering 19.3%.
For some context, the ASX 200 is up 1.8% today following on a strong day of trading in US stock markets on Friday.
Here's why Web Travel is smashing the benchmark returns today.
Image source: Getty Images
Web Travel share price surges on FY26 guidance confirmation
A lot of today's outperformance looks to be driven by bargain hunters, who see value in the ASX 200 travel share following Friday's trouncing.
As you may know, on Friday, the Web Travel share price closed down a painful 29.5%.
That selling action followed news that the Special Delegation of the Balearic Islands of the Spanish Tax Agency had initiated an audit of the company's Spanish subsidiary.
Management said the tax agency is reviewing the subsidiary's direct taxes paid between April 2021 and March 2024, as well as its indirect taxes paid (and owed) between January 2022 and December 2025.
Today, management looks to have eased ASX investor concerns with a timely market update.
As a quick review, Web Travel spun off its online travel agency business, Webjet Group (ASX: WJL), in September 2024. The company is now primarily focused on its B2B travel business, WebBeds.
Management today noted that WebBeds is a global business with offices in more than 20 countries and staff in more than 50 countries. They added that Web Travel is subject to tax reviews and audits each year on a regular basis.
As for Friday's announcement of the Spanish subsidiary audit that sent the Web Travel share price into a nosedive, management said they decided to "proactively inform the market, rather than reactively address investor queries as a result of the Spanish media coverage".
They also reassured investors that the taxpayer being audited is the Spanish subsidiary only.
Management added, "The Spanish subsidiary review only commenced on 5 February 2026 and we cannot make comment at this time."
And Web Travel said it does not expect any material earnings impact from the Spanish tax review.
The company reiterated its full-year FY 2026 earnings before interest, taxes, depreciation and amortisation (EBITDA) guidance of between $147 million and $155 million. That represents a 22% to 29% increase on Web Travel's FY 2025 EBITDA of $121 million.
