Lastminute.com Group ends 2020 with 62% collapse in revenue

Lastminute.com Group says it is in a “solid cash position” despite ending 2020 with revenues down some 62% on the previous year.
The online travel agency business brought in €128.9 million in core revenues over the 12-month, pandemic-hit period.

U.K. regulator puts pressure on Lastminute.com Group over refunds

The Competition and Markets Authority (CMA) is threatening legal action if Lastminute.com Group does not repay outstanding refunds to customers. The U.K. regulator says that while the online travel company had committed in November last year to pay more than £7 million to customers by the end of January 2020, more than £1 million is […]