Jetset cites economic downturn in profit decline

02/15/2010 | Inside Retailing Online

Jetset Travelworld, the Australian travel agency franchise group, said fiscal first-half profit ending Dec. 31 fell 68% as the company took a hit from the economic downturn. "Recovery is patchy, but there are positive signs of leisure growth, giving me reason for cautious optimism," CEO Peter Collins said.

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