Company News Summary | 21 Apr 2020
Click the print icon in your browser to print this report. Currency is in AUD unless otherwise specified
Webjet Provides Update on Impact of Virgin Airways Administration
10:25:00 | Associate analysts
Original annuncemenet:Impact of Virgin Airways Administration
Webjet noted the announcement by Virgin Australia Holdings (Virgin) that it has appointed a voluntary administrator. Notwithstanding its relationship, the Company does not have a material financial exposure to Virgin should an administrator restructure the airline or elect to cease trading. The Company books airfares on behalf of its customers as agent and is not the provider of the service. It is working closely with its customers and on their behalf to process refunds/credits directly with all airlines who are no longer able to honour prepaid tickets, including Virgin.
|This report appeared on www.morningstar.com.au||2020 Morningstar Australasia Pty Limited|
© Copyright 2020 Morningstar Australasia Pty Ltd ABN: 95 090 665 544 ("Morningstar"), AFSL no 240892. (a subsidiary of Morningstar, Inc.). This information is to be used for personal, non-commercial purposes only. No reproduction is permitted without the prior written content of Morningstar. Some of the material provided is published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO").