Profit warnings focus on sectors Q3 2020: FTSE Travel and Leisure

24 Oct 2020
By Meg Wilson

EY Parthenon Partner, Turnaround and Restructuring Strategy, Ernst & Young LLP

Experienced restructuring adviser focused on delivering solvent, creative solutions and rebalancing stakeholder relationships. Innovative, calm and hands-on. Mother, theatre and travel enthusiast.

24 Oct 2020

A sector-wide challenge

Three quarters of the FTSE Travel and Leisure sector have issued a profit warning in the first nine months of 2020. The total of 63 warnings is by far the highest of any FTSE sector and reflects the widespread impact of current restrictions and fundamental changes in consumer behaviour.

Long-term challenges

Businesses need to be able to adapt and position themselves for further uncertainty and change. Many will face tough choices.

Register to download our Profit Warnings Q3 2020 report.

Summary

Every quarter, we provide the latest sector insights from our Profit Warnings analysis, delving deep into two specific sectors and the challenges facing companies and stakeholders alike.  

For Q3 2020, we look at the FTSE Travel and Leisure sector as well as the FTSE Construction and Materials sector, analysing the headwinds facing both.

About this article

By Meg Wilson

EY Parthenon Partner, Turnaround and Restructuring Strategy, Ernst & Young LLP

Experienced restructuring adviser focused on delivering solvent, creative solutions and rebalancing stakeholder relationships. Innovative, calm and hands-on. Mother, theatre and travel enthusiast.

Contact us