ASIATRAVEL.COM said it still expects positive earnings growth in the year to September 2003 despite the outbreak of war in Iraq and the spread of the Severe Acute Respiratory Syndrome (SARS) flu virus in the region.
Like most travel companies, the group's business has been affected by the recent events. The fear of the flu virus and the outbreak of the war has resulted in 20% cancellations and lesser bookings in our Singapore, Hong Kong, China, Dubai and US offices, it said.
Despite the last three months of war jitters and the last three weeks of flu virus scare, the company's management expects to maintain positive growth in the coming half year ending March 2003, it said.
Barring a protracted war and further outbreak of the flu virus, the company's management still expects the group to have positive growth for the full year ending September 2003, it added. AFX
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