Flight Centre Travel Group has reported a record TTV.
Flight Centre Travel Group (FCTG) achieved a $1b rise in its Total Transaction Value (TTV) for H1 FY18, marking a 10% year-on-year growth.
The company said the results were underpinned by its corporate travel business globally as well as strong returns from its globalisation strategy.
“Our achievements to date generally reflect a solid start to the year,” FCTG Managing Director Graham Turner said.
“The corporate business, which is largely built around the FCM and Corporate Traveller brands, has a proven organic growth model that is highly scalable and highly productive,” he added.
Underlying profit before tax was towards the lower end of FCTG’s targeted range, at $140.4m.
More details in today’s edition of Travel Daily.