Corporate Travel Shares Plunge 80% After ASX Relisting
Corporate Travel shares dropped 80% upon returning to the Australian Securities Exchange following a year-long suspension over an accounting and overcharging scandal.
Corporate Travel shares plunged 80% on September 3, 2026, immediately after the company relisted on the Australian Securities Exchange. The stock had been suspended since August 2025 following a scandal involving accounting irregularities and the overcharging of clients.
While the company announced a return to profit, it continues to face significant financial and regulatory hurdles. Corporate Travel owes approximately A$13 million to entities in New Zealand. Furthermore, the company remains suspended from providing services to New Zealand Government agencies as a direct result of the overcharging issues.
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