The company’s 2023 fiscal year result is expected to smash last year’s loss.
Flight Centre is targeting an underlying EBITDA of $270 million-$290 million for the 2023 fiscal year, compared to a $183 million loss for FY22.
The contribution of the recent Scott Dunn acquisition, as well as the rebound of demand, have contributed to the strong expectation, Flight Centre told the ASX.
Trading conditions are gradually starting to normalise, although airfares remain well above pre-COVID levels, the company noted.
Flight Centre’s global corporate business is also outpacing the industry’s recovery, while the leisure sector’s recuperation has gained momentum during the second half of the year.
More details in tomorrow’s issue of Travel Daily.