Tourism braces for Virgin blow

Original article by Lisa Allen
The Australian – Page: 13 & 16 : 16-Apr-20

Treasurer Josh Frydenberg has reiterated that Virgin Australia Holdings’ shareholders rather than taxpayers should bail out the struggling airline. However, tourism and travel industry executives have warned against the prospect of Qantas having a monopoly on domestic routes if Virgin collapses. Flight Centre CEO Graham Turner says a two-airline system is essential for the nation, while Webjet MD John Guscic says the demise of Virgin would make it harder for the tourism industry to recover. Meanwhile, new figures show that international tourism arrivals fell by 26 per cent in February.

CORPORATES
VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, AUSTRALIA. DEPT OF THE TREASURY, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, QANTAS AIRWAYS LIMITED – ASX QAN, WEBJET LIMITED – ASX WEB

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