Australian travel firm Webjet expects to take a $150-200 million revenue hit due to the collapse of British travel group Thomas Cook.
Webjet is currently owed about 27 million euros, which would be flagged as ‘a one-off expense to the income statement.’
Furthermore, the company said there is no financial impact on the more than 3,000 hotel contracts Webjet took over from Thomas Cook, which are wholly owned by its WebBeds division.
Overall, Webjet said the demise of Thomas Cook will cost it about $7 million in forward earnings.
Meanwhile Qantas has been asked to help with repatriating some stranding passengers and is ‘assessing what help we may be able to provide’ a Qantas spokesperson said.
