Another Bad Experience

Experience Co (ASX:EXP) has this morning lobbed another trading update with weaker trading conditions in the September quarter for the FNQ Adventure Experiences business:

Adventure Experiences: The challenging trading conditions in Far North Queensland discussed in our FY19 results announcement, have continued. Revenue for Q1 FY20 is down by approximately 21% on the prior period, with market conditions driving a decrease in volume of over 10% in passengers across our reef based products, adverse movements in passenger and product mix, and the impact of the discontinuation of a key GBR (Helicopters) customer contract from April 2019. These trends are expected to continue through the remainder of 1H20.

A further update is expected at the AGM on November 20.

Meanwhile, Cairns Airport numbers for September seem to have gone missing or been delayed. A polite email query was unresponded.



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