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Whitbread posts annual loss of $1.4 bln on pandemic travel curbs

April 27 (Reuters) - Premier-Inn owner Whitbread reported on Tuesday an annual loss of about $1.4 billion after COVID-19 curbs crimped all major travel in Britain for most of 2020, and said it expects a “significant” bounce in leisure demand in the summer.

Statutory pretax loss for the year stood at 1.01 billion pounds ($1.40 billion) compared with a profit of 280 million pounds a year ago, the company, which also owns the Beefeater, Brewers Fayre and Bar + Block chains, said. ($1 = 0.7197 pounds) (Reporting by Pushkala Aripaka in Bengaluru; editing by Uttaresh.V)

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