THL Provides Framework for FY21

  • Jul 31, 2020 NZST
  • Team Kalkine
THL Provides Framework for FY21

Tourism Holdings Limited (NZX:THL) has provided a framework to create flexibility through cost reduction, fleet management and debt reduction. The company is currently assuming that it shall operate only domestically for the majority of FY21.

THL is also focussed on reducing its debt and has strengthened its balance sheet by reducing debt by about 40% since March 2020 and expects to reduce debt in FY21.

THL expects to grow the domestic market in Australia, New Zealand, and the United States but the level of returns might not be the same as the international market.

 


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