Mass Redundancies At P&O Highlight Devastation Wreaked By Covid On Travel Industry
“The shock announcement of mass redundancies at P&O, as the company struggles with deep losses is another reminder of the devastation Covid has wreaked on the travel industry. From airlines to cruise companies, hotel chains to tour operators, it’s been a hugely challenging two years, with many companies faced with taking on a huge burden of extra debt to try and stay in business. Q4 2021 hedge fund letters, conferences and more P&O's WoesP&O has faced woes before, and financial problems stretch back two decades when once popular routes were scrapped. That was blamed on low-cost airlines and ch...