Corporate Travel Management has flagged a tough first half ahead after missing full-year earnings guidance, sending its shares more than 12 per cent lower as the market opened.
The travel booking company said changes to the United Kingdom’s refugee detention program meant its contract to provide temporary accommodation on barges had significantly underperformed in the year to June 30.
Loading...
correction —
An earlier version of this story incorrectly described Ben Wilson as a fund manager at Wilson Asset Management. He works for Wilson’s Advisory.
Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
