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Australia Flight Centre axes another 91 stores while urging Australia to re-open borders

04:40  01 october  2020
04:40  01 october  2020 Source:   msn.com

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Flight Centre is is planning to close another 91 stores across Australia with hundreds of staff expected to lose their jobs. Flight Centre is planning more store closures as the coronavirus pandemic continues to take a devastating toll on the travel industry.

Flight Centre will close 90 more stores due to the crippling effects of COVID-19 restrictions on the travel industry. The agency shut 330 stores at the beginning of the pandemic and on Wednesday said 'continued domestic and international border closures' had forced further closures.

a sign on the side of a building: The travel company released a statement to the Australian Securities Exchange. (ABC News: Jeremy Story Carter) © Provided by ABC Business The travel company released a statement to the Australian Securities Exchange. (ABC News: Jeremy Story Carter)

Flight Centre will shut down another 91 stores across Australia, after widespread travel bans and border closures led to billions of dollars of cancelled bookings.

Hundreds of employees will lose their jobs in these latest store closures.

This was on top of the 4,000 sales and support workers that Flight Centre had already axed in the past six months.

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Travel agency Flight Centre will close another 91 Australian stores and further cut its staff numbers, after it already closed 330 of its 740 stores due to the pandemic earlier. Flight Centre announces another 91 Australian stores will close as coronavirus ravages business. Read more.

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It comes three days after the Federal Government scaled back its fortnightly JobKeeper payments — to $750 for part-time workers, and $1,200 for full-time staff.

These latest cuts will leave the struggling travel agency with 330 surviving retail outlets.

Before COVID-19 struck, Flight Centre had 740 stores across Australia.

In a statement, the agency said the closures are not expected to impact recovery plans, with 95 per cent of stores closed within 5 kilometres of a retained shop.

Flight Centre's chief executive Graham Turner has used the latest cost-cutting measures to argue that Australia's economic health demands that borders be reopened.

"We have to live with this virus," he told ABC News Breakfast.

"A vaccine is still some months away — and even if it's here, the virus will still be around for at least two or three years.

"We need the Australian borders open, we need the New Zealand trans-Tasman [bubble] up and running as soon as possible."

In August, the company posted a full-year loss of $662 million — a big downgrade from its previous result (a $264 million profit).

More to come.

States set to reopen as virus cases fall .
Australia's COVID-19 case numbers continue to track in the right direction, paving the way for states to allow greater travel and ease other restrictions.

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