Travel Agents

Flight Centre attributes strong half-yearly results to business travel and international markets

Flight Centre has attributed its strong half-yearly results to its high performing international markets, which helped offset “disappointing” Australian leisure profits.

The company landed a total transactional value (TTV) surpassing its previous half-year result by more than $1 billion.

The results were underpinned by Flight Centre’s corporate travel business globally, with strong returns coming from key growth in the Americas, Europe, Middle East and Africa (EMEA) and Asia markets.

These strong performing areas helped the company surpass its previous first-half TTV record and led to record profit contributions from its international businesses.

Underlying profits before tax almost quadrupled in both the Americas and Asia and grew solidly in MEA to help offset disappointing Australian Leisure profits in a volatile trading climate.

“Our achievements to date generally reflect a solid start to the year and also highlight some key emerging themes – firstly our corporate model’s strength and secondly, the globalisation of our operations,” said Flight Centre’s managing director, Graham ‘Skroo’ Turner.

“The corporate business, which is largely built around the FCM and Corporate Traveller brands, has proven organic growth model that is highly scalable and highly productive.

“It is now in more than 20 countries and it is rapidly gaining share by attracting and retaining customers globally.”

The biggest growth segment was Flight Centre’s Aisa businesses, delivering 39 per cent TTV growth, followed by the Americas (18 per cent), EMEA (12 per cent) and Australia and New Zealand at 2 per cent.

According to Flight Centre, though some store sales increased, shop closures during the FY 18 2H meant that leisure TTV growth was reasonably flat and driven by online travel agency business (BYOjet and Aunty Betty), FX business Travel Money, the Travel Partners home-based agency business and by various specialist divisions within the brand.

“While our reliance on the Australian leisure business to drive overall growth is decreasing as other businesses rapidly gain scale, it remains a significant contributor to group results,” Turner said.

“Further enhancements are now being made to strengthen areas that are performing well and to address the issues impacting results.”

SEE WHAT PEOPLE ARE SAYING

Leave a Reply

Road & Rail

Hanoi shuts down Instagram famous “train street”

Tourists are going to have to find somewhere else to take pensive photos of themselves walking along rail tracks following this announcement.

Share

CommentComments

Tourism

Tourist discovers missing passport in Ibiza club photos

A British tourist who was left stranded in Ibiza after losing her passport was shocked to find it pop up in photos from a big night out.

Share

CommentComments

Hotels

Hotel Wrap: IHG partners with OzHarvest, M. Group launches fourth Bali residence + MORE!

Another week, and a few more outstanding properties open around the world. Get acquainted with them all right here (minus the bathrobes and slippers, of course).

Share

CommentComments

Cruise

Elderly traveller’s body found at sea after falling from cruise ship

The body of a female traveller who went overboard on her cruise has been found after a major search and rescue operation.

Share

CommentComments

Road & Rail

Road & Rail Wrap: Avis’ charity auction, Busabout’s Asia deal, TrekAmerica’s new tours + MORE

This week’s Road & Rail Wrap is much like The Ghan or the Trans-Siberian Highway… in that it’s long.

Share

CommentComments

Tourism

STUDY: Nearly one-third of Aussies are getting inked while abroad

Truth be told, Travel Weekly’s editor once wanted to get the word ‘bula’ tattooed on his derrière while holidaying in Fiji, but chickened out once he saw the size of the needle.

Share

CommentComments

Travel Agents

Nearly 2,000 Thomas Cook jobs saved, as company directors grilled by MPs

by Christian Fleetwood

Lock yourselves in, because this is one heck of a roller-coaster read on the Thomas Cook saga.

Share

CommentComments

Technology

Klook celebrates Aussie success, outlines global expansion plans

Travel tech player Klook has marked its fifth anniversary and local success with a few drinks and a PowerPoint preso. However, it stopped short of hiring a magician and fire twirlers.

Share

CommentComments

Wholesalers

“It’s something to be aware of, but not ashamed of”: Trafalgar’s Gavin Tollman on flight shaming

by Huntley Mitchell

The very suave Gavin Tollman recently graced Travel Weekly with his presence, and also offered some interesting thoughts on sustainable travel. He even taught us how to tie a full Windsor knot.

Share

CommentComments

Aviation

Qantas passengers smell smoke on Perth flight

Did you have a sneaky smoke on your last flight with our national carrier? Find out if you’ve been rumbled here.

Share

CommentComments

Destinations

12-year-old tourist falls during Uluru climb

Just in case the lack of toilets and disrespect towards traditional owners wasn’t enough of a deterrent, here’s yet ANOTHER reason not to climb the sacred site.

Share

CommentComments

Aviation

Airline introduces new product to make flying easier for tall people

Tired of having to learn advanced yoga poses to squeeze yourself into an economy seat? This news will be music to your ears.

Share

CommentComments