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Flight Centre announces further expansion
Flight Centre announced that it is planning to grow its global shop network and sales force by between six and eight percent over the next 12 months as it posted full year net profits of A$200m, (£131m) up 43% on last year.
It will open its 2,500th shop during the current financial year and take on 1,000 extra staff, said managing director Graham Turner.
The Australian-based company operates in 10 countries in both the corporate and retail travel sectors. Turner said: "Both sectors grew during 2011/12, but corporate growth was stronger as we consolidated our position as Australia’s largest corporate travel manager and won market-share globally," Mr Turner said in a statement.
"We are also generating more income from overseas."
He projected annual pre-tax profits for 2012/13 of between $305m and $315m (£200m-£207m), which compare to a pre-tax profit in 2011/12 of $290.4m.
"If achieved, growth of this magnitude will represent a solid achievement for a business of our size and given the economic uncertainty," he added.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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