Tourism
Flight Centre Group releases first half results and things are looking up!
It’s looking up, up and away for both corporate and leisure travel according to Flight Centre!
News
Crown accepts $8.9 billion takeover offer from Blackstone
The agreement will net James Packer a $3.26 billion payday and end his rule over the Australian casino industry.
Aviation
Sydney Airport accepts record breaking $23.6 billion takeover
This news inspired us to reach out to some investors and try to convince them to spend $23.6 billion taking over Travel Weekly, however they are yet to reply.
Tourism
Experience Co expands portfolio with two big acquisitions
After getting its house in order and navigating its way through COVID, the ASX-listed company has made a couple of very big plays.
Travel Agents
Helloworld shares resume trading on ASX
by Huntley Mitchell
After its shares were embarrassingly suspended on the ASX yesterday, Helloworld has managed to speedily rectify the issue.
Travel Agents
Helloworld punished for “technical oversight”, with company shares suspended on ASX
by Huntley Mitchell
Andrew Burnes has been left red-faced after Helloworld left out some “technical information” in the company’s unaudited FY20 results.
Aviation
ASIC reviewing Rex statements over capital city expansion
Australia’s corporate watchdog is reportedly reviewing comments from Regional Express Holdings’ deputy chairman, which potentially breached the Corporations Act.
Aviation
Labor senator calls for corporate watchdog to investigate Rex
Rex is facing a possible probe from Australia’s corporate watchdog, after its deputy chairman revealed plans for the airline to expand capital city services without informing the ASX.
Aviation
Virgin halts trading as government bailout discussions continue
by Huntley Mitchell
The move comes shortly after the airline confirmed it would shrink its domestic capacity to a daily service between Melbourne and Sydney.
Technology
Webjet pulls plug on cruise sales business, actions 440-plus redundancies
by Huntley Mitchell
The online travel company has resumed trading on the ASX, but not before detailing some harsh measures to mitigate the impact of the COVID-19 outbreak.
Aviation
Virgin Australia shares at 10-year low
by Christian Fleetwood
Following a drop of 10.3 per cent in the carrier’s share price, Virgin Australia’s Wednesday open was at a 10-year low.
Aviation
Qantas boss tops list of Australia’s highest-paid CEOs
by Christian Fleetwood
Do you hate reading about industry CEOs with huge pay packets? Well, it might be best to skip this story.