Closing 50% of stores and standing down 40% of Australian staff and this cap raise. Flight Centre are preparing for the potential 12-18 month timeline until international travel starts to flow gain. They are playing last man standing and it will probably work. It all depends on the timeline and cash resource. For Flight Centre the longer the better as long as they make it through, as many will not.
Closing 50% of stores and standing down 40% of Australian staff...
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