Helloworld losing up to $2m per month

Travel group Helloworld is losing up to $2 million per month amid the pandemic, but company bosses expect trade will improve early next year.

Chief executive Andrew Burnes on Friday told the company’s annual general meeting he expected underlying losses of between $1.5 million and $2 million per month for the remainder of the financial year.

However, he was hopeful that all states and territories would be open for travel early next year and there may be more travel between Australian and New Zealand.

Shares were lower by 6.21 per cent to $2.87 at 1335 AEDT.

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