Online travel specialist Webjet Ltd said on Thursday that the company recorded a 29 percent increase on the value of all tickets sold in 2009/10 and total turnover values reached $501 million for the 12 months leading to June 30 2010.

The company said that the figures were an improvement from the $388 million posted in the same corresponding period last year, as it stressed that the encouraging results were achieved amidst the substantial drop in ticket sales seen during the last quarter.

Webjet managing director David Clarke hailed the company's positive performance as reflective of its increased marked footprint within an environment of "the best single digit industry overall growth."

Mr Clarke said that the company is very well encouraged by the positive turnovers despite the challenging situations it had to face in the last quarter.

Webjet is upbeat that its expected profit after tax for the six months leading to June 30 should come within the range of the $5.2 million the company has posted in the first half of 2009/10.

As of 1123 AEST on Thursday, Webjet stocks were trading at $1.89, improving by a mere one cent.