Webjet chief John Guscic said airline customers had been disproportionately let down by poor consumer protection measures,as the company reported its results.
Chief executive officer John Guscic said Webjet’s streamlining of costs over the past two years had positioned the business for stronger growth than before COVID-19.
The state’s tourism operators are expecting a bumper Christmas season,but the Gold and Sunshine coasts have seen a drop in bookings in favour of higher-end beach resorts.
Webjet’s chief executive John Guscic expects the group’s profits will exceed pre-pandemic levels by the end of this financial year.
Singapore Airlines says demand for flights from Australia to London has already bounced back to pre-COVID levels,but the slow return of other carriers and lingering travel restrictions mean the travel market will not revert to normal any time soon.
Travel group Webjet is hopeful surging demand in Asia and North America will offset the impact of the fourth COVID-19 wave crashing onto Europe and forcing parts of the continent back into lockdown.
John Guscic says clear frameworks governing when international borders open and close will be essential to give the public confidence to make travel plans.
Australia’s downtrodden listed travel sector has received a shot in the arm courtesy of a $1.2 billion federal support scheme that drove major beneficiary Qantas’ share price to a four month high on Thursday.
Webjet CEO John Guscic has criticised snap decisions to close borders,as the online flight booking group eyes an expansion into online hotel booking.
Online travel agent Webjet says it will emerge from hibernation ready to make acquisitions after raising $160 million to boost liquidity and fund takeover deals.
The local bourse has closed sharply higher on hopes of an end to the oil glut,as companies continue to search out funds to get through their COVID-19 hibernation.