Flight Centre halves NZ workforce, pins hopes on domestic demand

Thu, 27 Aug 2020

ASX-listed Flight Centre Travel Group has reported a A$662 million loss but said domestic travel demand in New Zealand was a short-term revenue opportunity.The travel group reported a A$849 million loss before tax and A$340 million in one-off costs for the financial year ended June 30 2020. Losses in its leisure sector were affected by having to pay back customers for cancelled trips and had paid back A$600 million just to Australian customers.The company reported a A$264 million after tax profit in 2019. It did not give spe...

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