Wednesday, August 28, 2024 Flight Centre Travel Group (FLT) has reported a robust underlying profit before tax (PBT) of AU$320 million for the 2024 fiscal year (FY24), marking a remarkable 131% surge compared to the AU$139 million recorded in FY23. This impressive outcome aligns with the mid-point of FLT’s forecasted guidance range, highlighting the company’s successful performance over the past year. The Total Transaction Value (TTV) also hit an all-time high, reaching AU$23.
74 billion. This figure slightly surpasses the AU$23.7 billion achieved in FY19 and represents an approximate year-on-year increase of AU$1.
8 billion. Both the corporate and leisure sectors of FLT played pivotal roles in this growth, each contributing over AU$1 billion in additional revenue compared to the previous year. The corporate segment, in particular, achieved another record, underlining its critical role in the company’s overall success.
FLT’s global corporate division saw a significant boost, with a 44% increase in underlying PBT, reaching AU$211 million. Corporate Traveller, one of FLT’s key corporate travel brands, also delivered a record profit, underscoring its strength and market position. Corporate TTV rose by 10% to a record AU$12.
1 billion, with the corporate business now standing approximately 35% larger than in FY19. This growth comes despite the broader sector recovering to only around 80% of its pre-pandemic activity levels, according to data from MIDT. These achievements r.