The extended closure of international borders will not be helping HUM.
HUM has a material deal with Flight Centre.04FEB2020
TRAVEL GIANTFLIGHT CENTRE TRAVEL GROUP HAS SECURED A NEW FOUR-YEAR AGREEMENT WITH FINANCEPROVIDER FLEXIGROUP.
“FlexiGroup saidin a statement that the deal will drive repeat business to Flight Centre and isexpected to result in a double-digit increase in total income for the companyover the life of the partnership”
https://www.travelweekly.com.au/article/flight-centre-inks-new-four-year-deal-with-finance-provider/
The Original deal was done in 2016 renewed in Feb 2020 but effectively did not really get off the ground due to covid 19- whilst local travel is recovering it appears like there would be a significant volume hole for the international travel component. This needs to be replaced with new volume accross the business to even maintain pcp volumes.
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