As national and state borders continue to close, holidaymakers and tour groups are "hibernating ", travel companies announced on wednesday Flight Center sept.30 that they will close up to 90 stores across australia.
Flight Center
According to the sydney morning front, Flight Center said the closure was due to the continued closure of state and international borders, which "led to the cancellation of future travel bookings of billions of australian dollars ".
The company said it had now turned its leisure business to call centres and online, while further closure would "reduce overlap between stores in high-density areas ", as 95 per cent of customers still lived within 5 km of retail stores. In addition, the company has cut about 4000 local employees this year, leaving about 3000 local employees.
Flight Center Travel Group Australia Managing Director James Kavanagh reported in a statement. "There is no doubt that the past six months have been the most challenging of our nearly 40 years of business.
"We feel very sorry that some sorry that some good employees can not stay with us at this time Flight Centre, but we are taking measures to keep as many jobs as possible for the future while building a smaller but stronger overall network. "
Flight Center said 332 branded stores, including other brands such as Travel Partners、Student Universe and Travel Money, would remain after a new round of closures. At the beginning of this year, the number was 944.
Already earlier this year, the company has closed about 280 of its 700 Flight Centre brand stores.
After COVID-19 travel restrictions slowed revenue to the last three months of the year, the flight centre lost $662 million in the 12 months to 30 June.
For the 12 months ending 30 June, Flight Centre net loss of $662 million, A major reason is that COVID-19 travel restrictions have led to a sharp decline in the company's revenue. In April of this year, The company raised $700 million, A $200 million new debt, was added To increase its liquidity, So that it can survive the outbreak of the epidemic during the shutdown.
