July 9, 2020 / 6:24 AM / a month ago

Spain's eDreams posts full-year loss after coronavirus hit bookings

MADRID, July 9 (Reuters) - Spain’s online travel group eDreams reported a full-year net loss of 40.5 million euros ($46 million) compared with a 9.5 million euro profit a year earlier as bookings plunged 53% in the last five weeks of the 12 months to March 31.

Adjusted core profit for year dropped 4% to 115.1 million euros falling short of the company’s own expectations for a figure of 130 million euros, while full-year bookings fell 4% versus company guidance for a 1% increase.

$1 = 0.8801 euros Reporting by Jose Elías Rodríguez; Editing by Edmund Blair

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