What? This doesn't make any sense. Of course they're losing massive amounts of revenue. Their business model is to make a cut off each booking, and bookings

What? This doesn't make any sense. Of course they're losing massive amounts of revenue. Their business model is to make a cut off each booking, and bookings are down massively. At the same time, they have large fixed costs because they have a lot of employees and leased office space. So money coming in goes down massively while money going out doesn't. EDIT: It sounds like others are talking about pre-coronavirus times whereas I'm talking about now (like the linked article is).