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John Menzies spends £70 2 million on restructuring to fly through pandemic

John Menzies spends £70.2 million on restructuring to fly through pandemic The company lost 37% of its revenue due to coronavirus travel restrictions Sign up to FREE email alerts from businessInsider - Subscribe When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice. Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice John Menzies has spent a “one-off” £70.2m restructuring the business after decreased flight activity caused by the pandemic led to a 37% reduction in revenue. The Edinburgh-headquartered aviation logistics business blamed the travel restrictions for the loss of revenue, as flight activity led to a 49% year-on-year reduction in volumes for ground handling and refuelling.

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