
Expanded SeaLink posts loss following tourism downturn
Tourism and transport company SeaLink Travel Group has posted a $13.5 million statutory loss of $13.5 million after tax for the 2019/20 financial year.
Tourism and transport company SeaLink Travel Group has posted a $13.5 million statutory loss of $13.5 million after tax for the 2019/20 financial year.
UPDATED: A state Labor push to subsidise SeaLink ferry trips to boost tourism to the bushfire-ravaged Kangaroo Island would be akin to “charging a dead person life insurance”, a competing ferry operator on the island claims.
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Adelaide-based ferry and tour operator SeaLink has reported a record $208 million in sales and six per cent growth in underlying profit, despite disappointing results across several of its divisions.
SeaLink started running one ferry service to Kangaroo Island and now operates dozens of vessels, tours, commuter services and travel accommodation across the country. Long-time outgoing CEO Jeff Ellison sits down with InDaily to discuss his strategies for growth – and for navigating rough waters.
The State Government will subject the Kangaroo Island ferry service to a competitive tender to “get the best deal for the people of South Australia”.
Ferry operator SeaLink Travel Group is expecting a lift in full-year profit and is keeping an eye out for new routes and aquisitions after a solid first-half result.