The company has posted losses on a number of key fiscal metrics.
Helloworld Travel’s financial results for the first half of the fiscal year, ended 31 December 2024, are down across the board, with the company posting losses in TTV, revenue, and underlying EBITDA.
Chief Executive Officer Andrew Burnes said the results reflected a “challenging fiscal environment in Australia”, which saw Helloworld’s underlying EBITDA plummet more than 20% to $27.2 million.
Other major losses included a 7.6% drop in revenue to $103.8 million, and a 6.9% decline in TTV to $2.1 billion.
Burnes said cost of living increases are severely impacting demand for leisure travel, with reductions in airfares also pushing flight TTV downwards across the period.
Helloworld still posted a net profit after tax, of $10.8 million, which is also down 32.4%.
More details in today’s issue of Travel Daily.