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Revealed: 4 least profitable industries in Australia
Tony Yoo | March 18, 2021 8:47am |
More on: Image source: Getty Images
The four least profitable industries in Australia have been named, in a warning to investors who have ploughed money into ASX companies in those sectors.
Research firm IBISWorld revealed its analysis this week, noting that the named sectors are having a rough time in 2020-21 but this may not necessarily mean losses will continue in future years.
Here are the four industries:
International airlines
With travel between countries at an almost standstill since the COVID-19 pandemic hit last year, it is no surprise that airlines are bleeding cash.