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Flight Centre disappoints investors with dour outlook – Sydney Morning Herald

The $3.3 billion travel group has flagged a bigger than expected $500 million hit to its books for the full year and temporarily taken dividends off the table.

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Flight Centre has flagged a bigger than expected $500 million blow to its books for the full year and temporarily taken dividends off the table, as it works its way through the fallout of the pandemic on global travel.
Nothing is certain in this market except we will not be paying a dividend in 2022, Flight Centre managing director Graham Turner told the Macquarie Australia Conference on Tuesday.
We feel were in a reasonable space considering the difficulty of the travel and tourism market but its…

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