May 1 (Reuters) - Helloworld Travel Ltd (HLO) :
- TTV FOR MARCH QUARTER FELL 17.6% TO $1.28BN COMPARED WITH SAME PERIOD LAST YEAR
- EBITDA FOR QUARTER $2.0M
- EXPECT REVENUES FROM TRAVEL SALES & OPERATIONS TO REMAIN AT AROUND 5% OF PREVIOUS LEVELS UNTIL AT LEAST SEPT
- NETT SALARY COSTS REDUCED FROM AVERAGE $12M PER MONTH TO $1.0M NETT OF GOVERNMENT ALLOWANCES
- HAS OVER 1,050 PERSONNEL STOOD DOWN AROUND WORLD
- HAS SUFFICIENT LIQUIDITY TO MAINTAIN OPERATIONS FOR 12 MONTHS OR LONGER
- SEES CASH LOSSES OF $1.5 MILLION-$2.0 MILLION PER MONTH FOR NEXT 6 MONTHS
- EXPECTS TO SEE RE-OPENING OF DOMESTIC TRAVEL MARKET BY SEPT 2020
- NOT INTENDING TO UNDERTAKE CAPITAL RAISING AT THIS POINT IN TIME
- COST SAVING INITIATIVES EXPECTED TO REDUCE MONTHLY EXPENDITURE FROM $23M PCM TO ABOUT $2M PCM
- AT APRIL-END, HAD TOTAL CASH OF $150 MILLION
- EXPECTS BREAK-EVEN POSITION IN Q2 FY21 & SMALL PROFIT IN H2 OF FY21
May 1 (Reuters) - Helloworld Travel Ltd (HLO) : TTV FOR MARCH...
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