Serko cites coronavirus crisis in revenue guidance downgrade

Tue, 25 Feb 2020

Online travel booking company Serko is the latest to advise the market its business is being hurt by the coronavirus crisis.Serko said in a statement that it has seen a drop-off in bookings over the past week which it believes is due to the virus and, because of that, it has downgraded its annual revenue guidance.In May last year, it had forecast revenue growth between 20 and 40 percent for the year ending March but has lowered that to near the low end of that guidance.In the year ended March 2019, Serko reported a 28 percent increase in revenu...

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