Business
ASX eases from three-week high; Travel, energy, and tech firms ahead – The Sydney Morning Herald
The ASX200 has fallen flat after rising by as much as 0.7% at the open. The miners are now lower, while tech, energy and travel firms are up.
Founded in 1946, Travel & Transport is a leading US travel management company headquartered in Omaha, Nebraska. In 2019, the business generated total transaction volumes of $4 billion and pro-forma EBITDA of $41 million. Over 60 per cent of total transaction volumes was generated from corporate air travel and approximately 30 per cent from hotels.
Both firms have been hit hard by COVID-19, with Corporate Travel and Travel & Transport currently operating at 25 per cent and 13 per cent of…
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