You will find Flight Centre is not in an any better position than Webjet.
Flight Centre CR price 84% discount to its 52 week high.
Webjet CR price 90% discount to its 52 week high.
Flight Centre Travel Group announced on Monday it will close 428 Australian stores by the end of July, or roughly 40 per cent of its network.
However, the business has secured $900 million in fresh equity and debt to help it survive the coronavirus crisis.
In a statement released to the ASX on Monday morning, Flight Centre also revealed it is exploring the sale of its Melbourne head office as well as shutting 371 of its 593 Universal Traveller stores worldwide.
WEB Price at posting:
$2.65 Sentiment: Buy Disclosure: Not Held
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