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Flight Centre eyes business travel
Flight Centre Ltd plans to continue expanding its presence in specialist areas, on the back of a modest rise in first-half profit.
In the six months to December 31, Flight Centre posted a net profit of A$91.8 million, a 6.7% rise on the A$81.5 million posted in the previous corresponding period.
In the period revenue lifted 6.9% year-on-year, to A$1.01 billion, from A$954.046 million.
Flight centre said the group planned to maintain its expansion into specialist areas such as first class and business travel.
“While Flight Centre is currently ahead of its full year growth target, maintaining 10 per cent profit before tax growth will become more challenging as the year progresses and as the company tracks against its largest profit months,” managing director Graham Turner said.
Ian Jarrett
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