Helloworld Travel Ltd (AU:HLO) has released an update.
Helloworld Travel Limited has announced the issuance of 2.5 million shares, valued at over $4.5 million, as part of its franchisee share loyalty program to its Australian and New Zealand agents. The distribution of shares rewards over 320 agents for their recommitment to the company for terms of 3 to 5 years, reinforcing Helloworld’s leading role in the travel franchise network. Amidst the normalization of airfares, which is boosting ticket volumes, the company also reports a surge in sales of preferred non-air products, indicating a positive trend for the travel industry.
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