Morning trading March 11, page-224

Re the travel stocks, the half price fares are available direct through carrier websites only. WEB will miss out completely so not good for them. Other govt loans available to agencies below 250m rev, so nothing for FLT or HLO. The only way they get a bite is if a consumer goes via the bricks and mortar agency and consultant books direct through carrier website as opposed to the GDS (which has other ramifications). I can provide a copy and paste of industry ann if anyone is interested.