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Australia's Flight Centre to raise A$700m to offset coronavirus hit

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Australia's Flight Centre Travel Group on Monday said it was looking to raise about A$700 million (S$605.4 million) and that cost-cutting would save roughly A$1.9 billion, as the travel industry is battered by the coronavirus outbreak.

[BENGALURU] Australia's Flight Centre Travel Group on Monday said it was looking to raise about A$700 million (S$605.4 million) and that cost-cutting would save roughly A$1.9 billion, as the travel industry is battered by the coronavirus outbreak.

The sector has been among those hardest...

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