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Corporate Travel says Aussie bounce evidence of resilience

Key Points

  • Revenue ($m) 56.5, down 75pc from year-earlier 222.2
  • Pre-tax loss ($m) 47.5 v 46.4 profit
  • Net loss ($m) 36.4 v 32.9 profit
  • Interim dividend nil v nil

Corporate Travel Management is shrugging off the threat of COVID-19 permanently wrecking the business travelling market, saying proof lies in a December bounce when Australia’s domestic borders opened.

The Brisbane-based company, which helps organise travel for client businesses, also on Wednesday provided a mixed short-term outlook amid a pandemic-shattered industry.

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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au

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    Original URL: https://www.afr.com/companies/tourism/corporate-travel-says-aussie-bounce-evidence-of-resilience-20210216-p572xp