Flight Centre has achieved a record underlying profit before tax of $384.7m for FY18.
Flight Centre Travel Group has just released its results for the year to 30 Jun, with the company recording a 16.8% year-on-year growth in underlying profit before tax of $384.7m.
The group pulled in a record Total Transaction Value (TTV) of $21.8 billion, exceeding the previous best result in FY17 by more than $1.7 billion, or 8.5%.
Flight Centre’s international businesses generated 49% of the group’s TTV during “a year of significant disruption and change in Australia,” the company said.
“The company’s record results highlight its business model’s strength, its ongoing relevance to customers globally and its increasing diversity,” said FCTG managing director Graham Turner.
The TTV growth rate in Australia and New Zealand was “softer than normal” at 4%, which the company attributed to GDS and network changes taking place in the Australian leisure business.
More in today’s edition of Travel Daily.