Flight Centre Travel Group has temporarily closed all Liberty Travel stores in the United States.

Alysa McKenna, the company’s U.S. director of corporate communications, said no decisions have been made about permanent closings. The company has instituted some layoffs and furloughs that it intends to be temporary.

Meanwhile, there are still a number of travel advisors working remotely to service customers. McKenna also said some stores are still operational virtually.

The company is also shuttering Flight Centre retail stores in Australia.

Australia-based Flight Centre has received some rescue funding, including an AUD $200 million loan (about $124 million U.S.) from existing lenders plus entitlement and placement offers to investors totaling approximately AUD $700 million (about $434 million U.S.).

The company also said it has reduced annual operating expenses by AUD $1.9 billion (about $1.19 billion U.S.).

Comments

From Our Partners


From Our Partners

Martinique, a jewel of the Caribbean in more ways than one.
Martinique, a jewel of the Caribbean in more ways than one.
Register Now
Radisson Hotel Group
Radisson Hotel Group
Read More
Florida PLUS
Florida PLUS
Register Now

JDS Travel News JDS Viewpoints JDS Africa/MI