Simon Cooper, chief executive of On the Beach Group, said the travel industry must "reflect on financial protection" following the coronavirus crisis, and look out how the industry can be made "robust enough to withstand future shocks".
He added: “While the coming months will continue to present a huge challenge, I look forward to the multitude of opportunities which lie ahead.”
Cooper’s comments came in an On the Beach trading update issued on Wednesday morning (8 April), in which the group revealed it had agreed with its bank to extend a £50 million credit facility through December 2023.
