February 26, 2020 / 7:31 AM / 3 months ago

Travel-food group SSP warns on coronavirus hit to sales

LONDON, Feb 26 (Reuters) - British travel-food company SSP warned on Wednesday of a 50% fall in February sales across the Asia Pacific region as the coronavirus outbreak led to a sharp decline in domestic and international air passenger.

The company, which gets 8% of its revenue from the region, said overall group revenue in February would fall by between 10 million pounds and 12 million pounds as a result, with a reduction in operating profit of about 4 million pounds to 5 million pounds.

SSP, which operates restaurants and bars in airports and railway stations, also said it had seen some impact to passenger numbers at its airports in Australia, as well as at major travel hubs in the Middle East and India. (Reporting by Noor Zainab Hussain, editing by Patrick Graham)

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