Flight Centre will close 100 stores across Australia in response to the coronavirus.
In a statement to the Australian Securities Exchange, the travel company said the "virus's spread and increased travel restrictions mean demand is softening significantly and [the] timeframe for recovery is unclear".
The number of job losses is unclear.
CEO Graham Turner said it was a tough time for the travel and airline industries but the closures were inevitable.
"A lot of this is just business as usual, leases come up and we find the location is not as good as it used to be and we close them — that's been happening forever," he said.
"We will be opening some shops as well when new shopping centres come up but the net effect will be about 100 shops [will close] over the next 12 months, and a reasonable number of them will shut in the next four or five months.
