Company benefits from demand boost after Australia reopens
The recent reopening of Australia’s borders, after two years of closure, to fully vaccinated tourists is anticipated to bolster demand for Flight Center’s services. According to government body Tourism Research Australia, international and domestic tourism losses in Australia since the start of the COVDI-19 (coronavirus) pandemic totaled $72.0 billion.
COVIDIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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