Flight Centre Travel Group announced on Monday it will close 428 Australian stores by the end of July, or roughly 40 per cent of its network.
Flight Centre Travel Group is trying to secure support for a $500 million equity raising, which would likely take place at a huge discount to its last traded price.
Qatar Airways Cargo has begun freighter flights to and from Australia due to strong demand for the nation’s pharmaceuticals and fresh produce during the COVID-19 crisis.
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Eight regional airlines have warned they could go out of business in “days rather than weeks” unless the government underwrites Australia’s small airline operators.
Rex has said it may not be able to transport COVID-19 testing samples from regional areas to capital cities for analysis unless it receives a government bailout.