Stocks closed lower on Wednesday as sentiment about upcoming US-China trade talks turned sour.
Webjet shares have taken a hit after the collapse of British travel agency Thomas Cook as Qantas tapped to help stranded travellers.
The travel company has slashed its profit guidance for the current year.
John Guscic's online travel agency may be called Webjet,but for the first time,its booking arm WebBeds generated more than half of its earnings.
Online travel group Webjet has agreed to pay $240 million for a Dubai-based travel group,in a transaction it says will secure its position as the world's second largest hotel booking wholesaler.