The challenges Flight Centre Travel Group (FCTG) faced were largely cyclical and short-term, said Managing Director Graham Turner.
Flight Centre Travel Group achieved $24.5 billion in total transaction value, up 3% year-on-year, according to its full-year results in an ASX statement this morning.
The business also achieved $289.1 million underlying profit before tax in line with revised expectations and $213 million statutory PBT, 3% down on FY24.
“After two years of strong recovery post-COVID, FY25 proved to be a more challenging trading period,” said Turner.
“The challenges we encountered should not, however, prove to be long-term headwinds for our business given they were generally cyclical and potentially short-term in nature, or within our control and therefore, able to be addressed internally.”
More details in today’s issue of Travel Daily.