Headlines
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FLT transformation under way
Thursday | Aug 24 2017FLIGHT Centre chief operating officer Melanie Waters-Ryan has been leading a specialist team within the company to oversee a transformation program with the aim of unlocking “further value” from the business.
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The Star profits dip 11%
Thursday | Aug 24 2017THE Star Entertainment Group yesterday reported a 20% year-on-year rise in earnings before interest, tax, depreciation and amortisation (EBITDA) of $586m for the 12 months to 30 Jun.
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Flight Centre cracks $20b
Thursday | Aug 24 2017FLIGHT Centre saw record sales in the last year, surpasssing $20.1 billion in total transaction value (TTV) for the first time.
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Australia key to Air NZ result
Wednesday | Aug 23 2017AIR New Zealand is seeing strong results from the expansion of its sales force in Australia (TD 06 Oct 2016), with head of commercial Cam Wallace telling TD the airline’s annual profit in part reflects the “ongoing success of the airline’s strategy to expand its resources and reach in the Australian market”.
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Jetstar adds Zhengzhou
Wednesday | Aug 23 2017JETSTAR is set to introduce new Australia-China services from 06 Dec, revealing it will begin twice weekly flights from Melbourne to the ‘new-first-tier city’ of Zhengzhou (TD breaking news).
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Helloworld profits soar
Wednesday | Aug 23 2017HELLOWORLD Travel Limited this morning revealed its financial results for the year to 30 Jun, with a stellar performance seeing it report an eight-fold lift in profit to $31m (TD breaking news).
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Int’l growth boosts SYD
Tuesday | Aug 22 2017RISING international passenger numbers and a thriving retail sector have helped deliver strong half-year results for Sydney Airport, which this morning revealed earnings of $577.6m in the six months to 30 Jun.
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CTM reaps $98.6 million
Tuesday | Aug 22 2017CORPORATE Travel Management (CTM) has revealed a surge in underlying earnings to $98.6 million last financial year as it reaps the benefits of organic growth and its string of recent international acquisitions.
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Reed Hols in liquidation
Tuesday | Aug 22 2017MELBOURNE-BASED tour company Reed Holidays has been placed in voluntary liquidation, winding up operations for its three brands, Young at Heart Holidays, Seniors Coach Tours and Australian Air Holidays.
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WA aims to tackle hotel void
Monday | Aug 21 2017TOURISM WA will divert $2 million in funding to help fill empty hotel rooms in Perth as the city suffers its lowest occupancy rates in seven years.