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Flight Centre’s $850 million loss as travel industry suffers from COVID-19 downturn – NEWS.com.au

Flight Centre’s $850 million loss as travel industry suffers from COVID-19 downturn

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Flight Centre has reported a staggering loss as the ongoing coronavirus pandemic continues to paint a bleak outlook for the global travel industry. The embattled Queensland-based travel group has posted an eye-watering loss of $849 million for the 2020 financial year, with the entirety of the financial woes a direct result from coronavirus pandemic restrictions in March through to June.
The loss is a complete contrast to the company’s 2019 financial performance that booked a profit of $349.5 mi…

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