With Helloworld Travel Limited (HLO) being a listed stock on the Australian Stock Exchange, it is required to issue trading updates, with this one advising something that many have already said, with Hellworld now saying, it does not expect material volumes in long-haul international outbound travel to UK, Europe or the USA until late 2021 or early 2022.
It is imagined that this is not a great surprise for many, with the key word here being “material’ and while it might not be clear what ”material” actually means, if it means high or previous volumes, then it is not unexpected that high or previous volumes of travel to the UK, Europe or the USA would not return until late 2020 and early 2021, but this is a formal advisory the Australai Stocjk Excahnge re their trading.
Helloworld’s trading update also said that they believe a full return to pre-COVID levels is conditional upon a vaccine or cure for COVID-19 having been developed, approved and widely distributed, which again is not really a surprise to anyone.
Helloworld did warn though that without Government assistance or borders reopening, “the liquidity runway for agents is getting shorter”, with Helloworld’s TTV for the September quarter down nearly 91% on the same period last year at $176.8 million, with an EBITDA loss of $4.1 million, but that based on its current cash burn rate, the company had sufficient liquidity to maintain operations well into 2022 or longer.
A report by John Alwyn-Jones
i noted the other day that dogs are being developed , the same way money and drug dogs are , to identify COVID – this may be an answer – 6 months training