CTM follows Flight Centre Travel Group in flagging tariff effects.
Corporate Travel Management (CTM) expects group revenue for 2025 to be 4% softer than previously forecast as a result of broad economic uncertainty in North America and Asia spurred by US tariffs.
Relative to targets presented in its H1 reporting, CTM said it expects to take a roughly $30 million hit to earnings this year.
The revised outlook assumes that tariff impacts felt in March and April will continue through to at least the remainder of the financial year, and will be accurate so long as there is no further deterioration to April client activity in May and June.
More details in today’s issue of Travel Daily.