Challenge for Helloworld chief

Original article by Lisa Allen
The Australian – Page: 21 : 24-Jul-14

Helloworld has been named "Best Travel Agency Group" by the Australian Federation of Travel Agents. However its rebranding of the Harvey World Travel, Travelscene, Jetset Travel and Travelworld networks it owns has meant the likely loss of 100-plus individual agencies unhappy at the change. This has forced Helloworld to warn of a 2014-15 EBITDAI decline, by as much as $A10m. Recently appointed CEO Elizabeth Gaines, who sits on the board of Fortescue Metals Group as well, is confident the share price will recover after falling to $A0.26

CORPORATES
HELLOWORLD LIMITED – ASX HLO|FORTESCUE METALS GROUP LIMITED – ASX FMG|THE AUSTRALIAN FEDERATION OF TRAVEL AGENTS LIMITED