Flight Centre Travel Group posts half-year profit
Flight Centre Travel Group released its half-year results, posting an A$$117 million underlying profit before tax for the fiscal year first half.
This is a 7% year-on-year growth.
The corporate business delivered a 2% increase on its FY24 H1 Total Transaction Value result and a 4% UPBT increase to AUD$96 million.
Steve Norris, Flight Centre Travel Group Managing Director, EMEA said: “Business travel continues to be a necessity, rather than a luxury, for many companies. We’ve achieved major systems migrations across Europe with upgraded systems now in full effect across phone, mid-office, and CRM usage.”
“FCM Travel in the UK has been a highlight in the corporate space with stand-out growth.”
He said there has also been accelerated growth in the UK, France, and Nordics for the FCM Meetings & Events business.
“The one thing that’s still our clear differentiator is that our company remains very much led by its people. AI is the vehicle for increased output and better, more streamlined operations, but our people remain the driving force.”
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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