April 30, 2020 / 12:31 AM / a month ago

BRIEF-A2b Australia Says About 350 Staff Members Stood Down

April 30 (Reuters) - A2B Australia Ltd:

* ABOUT 350 STAFF MEMBERS STOOD DOWN AND LOCAL BRANCHES IN SOUTH WEST SYDNEY AND NORTHERN MELBOURNE CLOSED

* CAPITAL EXPENDITURE DEFERRED WHEREVER PRACTICAL

* TAXI FARES PROCESSED IN MARCH WERE DOWN 37% ON PRIOR YEAR

* TAXI FARE DECLINES IN LATER WEEKS OF MARCH AND EARLY WEEKS OF APRIL EXCEEDED 80%

* FLEET CHANGES ARE MOST PRONOUNCED IN SYDNEY

* UPDATES ON IMPACT OF CORONAVIRUS ON OPERATIONS Source text for Eikon: Further company coverage:

0 : 0
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