EX post, due to coronacrisis of 98.5 per cent reduction in turnover

GUY has to be in the third quarter, with sales of 71,8 million, a drop of 98.5 percent, as compared to the same period of the previous year. When it came out, the sales are still on-4,74 billion. The travel agent make Thursday, in addition to a loss of more than 1.4 billion euros, well-known.

the cost-cutting, the hope GARDEN this year, with a cost of 300 million euros, to achieve it. Total operating expenses on an annual basis, now is structural to 30 percent, said the agency.

Because of the huge losses, saw a GUY this Wednesday, forced a further 1.2 billion euros the German government has to borrow to make it until the spring of 2021, to sing. At that time, you expect the tour operator to the first signs of recovery of the travel and tourism industry. According to the SEC, the number of bookings for the summer of 2021 is now 145% higher than that in the summer of 2019.

In June, a large portion of the travel of the SEC once again after that, so far, 1.7 million of bookings to come in. Last month, it helped with the tour operator for a half-million people as a result.

If there is a second coronagolf with the new restrictions and lockdowns come in, then, is the GUY to be prepared for, " says CEO Fritz Joussen. "The second loan is from the government, we are in a strong position, if it is tourism, then again, to be hurt." The financial resources of the agency, amounts now to eur 2.4 billion.