Apollo fire impact

Apollo fire impact

APOLLO Tourism & Leisure has issued a trading update advising it will be challenging for the company to reach its underlying FY19 new profit of $14.7m in FY20, given the impact of the bushfires across Australia.

The company said the extent of the impact of the bushfires on Australian rental bookings in H2 FY20 is unclear at this stage and cited a reduction in domestic last minute summer bookings in Australia and a subdued global RV sales market.

Apollo said global media reporting of the bushfires would also impact forward bookings and advised it would provide an update in its half year results, to be released on 25 Feb.

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Source: traveldaily