Headlines
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Airlines ditch change fees
Wednesday | Sep 2 2020THREE major American airlines have announced the permanent scrapping of change fees on all standard Economy and Premium cabin domestic tickets, as the US aviation sector continues to reel from the COVID-19 pandemic.
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A rethink is needed: UN
Wednesday | Sep 2 2020THE COVID-19 pandemic represents an opportunity for the global tourism sector to “boost its competitiveness” and “build resilience”, according to new data compiled by the United Nations.
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HLO reports $70m loss
Tuesday | Sep 1 2020HELLOWORLD Travel Limited’s full year result reflects the “perfect storm” of COVID-19, with the virtual shutdown of the global travel industry seeing it report a $70 million statutory loss after tax (TD breaking news).
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Rex shapes for expansion
Tuesday | Sep 1 2020REGIONAL Express (Rex) has managed to boost revenue by 1% to $328.82 million for the 12 months to 30 Jun, despite challenging headwinds posed by ongoing travel restrictions.
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Event suffers profit slide
Tuesday | Sep 1 2020EVENT Hospitality and Entertainment has posted an $11.4 million loss for the 12 months to 30 Jun, with its hospitality division revenue down 21% to $277 million across the Rydges, QT Hotels and Thredbo Alpline Resort brands.
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SeaLink transformation
Monday | Aug 31 2020THE acquisition of the Transit Systems Group earlier this year (TD 16 Jan) has transformed SeaLink Travel Group Limited into an “integrated, resilient international multi-modal transport business,” which has been well placed to weather the COVID-19 pandemic according to CEO Clint Feuerherdt.
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Apollo posts profit drop
Monday | Aug 31 2020MOTORHOME rental company Apollo Tourism & Leisure has slumped to a net loss after tax of $61.2 million for the 12 months to 30 Jun, a significant drop of $65.9 million from the $4.7 million net profit posted in the previous corresponding period.
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Restrictions hit sentiment
Monday | Aug 31 2020DOMESTIC travel restrictions are the primary reason why Australians feel they won’t be taking a holiday in the next six months, according to new data released by Tourism Australia.
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AFTA, CLIA lukewarm on CATO plan
Friday | Aug 28 2020THE Council of Australian Tour Operators (CATO) draft discussion paper urging reform of the travel sector (TD 24 Aug) has prompted responses from the other industry organisations cited in the proposal, with AFTA Chair Tom Manwaring saying the issues raised by CATO have already been the subject of long-term discussions with government.
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Jayride preps for tailwinds
Friday | Aug 28 2020DESPITE being significantly impacted in the 2H of the 2020 financial year due to travel restrictions, airport transport marketplace Jayride managed a slight 1% uptick in revenue to $3.86 million for the 12 months to 30 Jun.