Flight Centre Travel Group, headquartered in Australia, reported a substantial increase in profit-before-tax (PBT) for the fiscal year ending June 30, with a remarkable 131% surge to $217 million (AU$320 million). The global corporate sector was the primary contributor to this impressive growth.
Chris Galanty, Global Corporate CEO of Flight Centre Travel Group, highlighted the success of the company’s corporate sector, noting, “This has been a robust year for our corporate division, with flagship brands Corporate Traveller and FCM Travel achieving record Total Transaction Value (TTV). This performance comes as the industry has only recovered to approximately 80% of pre-COVID transaction volumes.”
Galanty further attributed the success to high customer retention rates and a significant pipeline of new accounts. “Some of these new accounts are yet to be fully operational, so we anticipate additional benefits in the coming months as these accounts begin to trade,” he added.
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