Aviation
Rex reports $4.9m full-year loss, extends suspension of services and stand-downs
by Huntley Mitchell
Rex’s negative result for FY21 wasn’t quite as bad as last year’s. In fact, the airline’s boss reckons it performed “relatively well”.
Travel Agents
“There is finally some light at the end of the tunnel”: Helloworld boss backs vaccination pathway following $35.9m loss
Andrew Burnes has spoken optimistically about the company’s future prospects, even quoting Captain James Cook from way back in 1770.
Aviation
Qantas suffers $1.9bn loss, with international flights “unlikely” before July 2021
by Huntley Mitchell
The Flying Kangaroo has essentially racked the international travel queue until mid-next year, but it still holds out hope for a trans-Tasman ‘bubble’ before then.
Technology
Webjet reveals “devastating” COVID-19 damage to full-year results
by Huntley Mitchell
The ASX-listed online travel company is carrying a number of financial bumps and bruises from the coronavirus.
Aviation
Sydney Airport CEO pleased with “resilient” full-year results
by Huntley Mitchell
Geoff Culbert has remained upbeat about the company’s full-year results against what he says were “some of the toughest trading conditions we’ve seen since the financial crisis”.
Aviation
Virgin reports highest domestic earnings, despite sixth full-year loss
The airline said the $653.3 million loss was due to accounting adjustments, reporting their highest underlying profit in 10 years.
Travel Agents
Flight Centre reports another record-breaking full-year result
Outlining its full-year results, the travel giant touched on its recent move to introduce a new wage model for agents.
Wholesalers
Corporate Travel Management just reported its strongest ever full-year results
Meanwhile, Travel Weekly have just reported their weakest ever coffee. We’ve sent the intern down to berate our barista for only including two shots.