financial results

Aviation

Rex reports $4.9m full-year loss, extends suspension of services and stand-downs

by Huntley Mitchell

Rex’s negative result for FY21 wasn’t quite as bad as last year’s. In fact, the airline’s boss reckons it performed “relatively well”.

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Travel Agents

“There is finally some light at the end of the tunnel”: Helloworld boss backs vaccination pathway following $35.9m loss

Andrew Burnes has spoken optimistically about the company’s future prospects, even quoting Captain James Cook from way back in 1770.

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Aviation

“Their efforts have been extraordinary”: Air New Zealand bosses praise staff after another tough financial year

by Huntley Mitchell

Dame Therese Walsh and Greg Foran said Air New Zealanders still have plenty to be proud about despite another full-year loss for the airline.

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Aviation

Qantas outlines international restart strategy, as group suffers $1.7bn loss

by Huntley Mitchell

The national carrier has masked another massive full-year loss with some optimistic talk of international flights in the near future.

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Travel Agents

Flight Centre posts $434m full-year loss, eyes return to monthly profitability in FY22

by Huntley Mitchell

There was plenty of red in Flight Centre’s FY21 results presentation, and we’re not just talking about the company’s branding.

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Travel Agents

Corporate Travel Management posts $57.8m full-year loss, but local operations stay profitable

by Huntley Mitchell

Jamie Pherous and his team at CTM have plenty to smile about despite recording a decent-sized loss for the 2021 fiscal year.

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Cruise

Carnival posts $2.6 billion first-quarter loss

The cruise giant has laid bare its quarterly financials, and it appears head office will have to wait patiently for a new Nespresso machine.

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Travel Agents

Flight Centre posts $234m loss, but grows its share in “large and important” Aussie leisure market

by Huntley Mitchell

If you ignore that big negative number in the headline, it’s all very positive news here from FCTG.

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Aviation

Qantas suffers $1bn half-yearly loss, pushes back international flight plans

by Huntley Mitchell

The flying kangaroo won’t be hopping overseas as soon as originally hoped, after posting a “stark, but not surprising” loss.

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Travel Agents

Helloworld bears $15.1m loss, but retail networks still “largely intact”

by Huntley Mitchell

Helloworld swung to a loss in the first six months of FY21, but it wasn’t all bad news for the ASX-listed group.

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Travel Agents

Corporate Travel Management CFO to exit, as company suffers $36.4m loss

by Huntley Mitchell

CTM’s top bean counter is gathering his calculator and abacus and heading for the exit.

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Travel Agents

Helloworld punished for “technical oversight”, with company shares suspended on ASX

by Huntley Mitchell

Andrew Burnes has been left red-faced after Helloworld left out some “technical information” in the company’s unaudited FY20 results.

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