Flight Centre (ASX:FLT) share price drops despite UK update

The Flight Centre Travel Group Ltd (ASX: FLT) share price is trading lower on Tuesday despite some positive news out of the travel agent giant.

At the time of writing, the Flight Centre share price is down over 1% to $16.84.

What did Flight Centre announce?

This afternoon Flight Centre provided an update on its UK COVID-19 loan and funding.

According to the release, Flight Centre has been approved to extend the short-term 65 million pounds loan it received last year under the Bank of England’s COVID Corporate Financing Facility (CCFF).

These funds were were initially made available for 12 months to support short-term liquidity as the company worked to overcome the disruption caused by COVID-19 and the restrictions that were…

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The post Flight Centre (ASX:FLT) share price drops despite UK update appeared first on Mackay Online News.

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