International global aircraft seat capacity is forecast to stay 15 per cent below pre-COVID levels,with 972 million fewer seats by the end of the year than in 2019.
Given the level of tourism volatility and rocketing flight prices,is it worth backing the traditional travel agency?
The ASX-listed travel agent is tipping better conditions for fiscal 2023 after narrowing its losses for fiscal 2022.
The ASX-listed travel agent says the return to airline travel has happened faster than predicted,helping reverse two tough years.
Australians whose overseas trips were cancelled in the early days of COVID are still struggling to get thousands of dollars refunded after booking with travel brands owned and operated by Flight Centre.
Flight Centre has warned investors of a higher-than-expected loss in the 2022 financial year due to slow uptake of leisure travel but says corporate bookings have bounced back to almost pre-COVID levels.
Travel stocks and aviation groups are experiencing yet more setbacks as the Omicron wave delays WA’s border reopening and the EU imposes travel restrictions on Australians.
Australia’s largest travel agent,Flight Centre,faces a long-term decline in its leisure business as holidaymakers are expected to make more bookings online and directly with airlines after the pandemic,according to one market analyst.
The emergence of the Omicron variant of COVID-19 has rattled the travel industry and threatens to set back its pandemic recovery just as airlines,agents and tourism operators were preparing for a summer without border restrictions or quarantine.
The $3.3 billion travel group has flagged a bigger than expected $500 million hit to its books for the full year and temporarily taken dividends off the table.
Business trips are back on the agenda but some of the country’s largest employers are exercising more discretion when it comes to work-related travel.