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Flight Centre pins black ink target on open borders

Key Points

  • Revenue ($m) 159.8, down 90pc from year-earlier 1546
  • Pretax profit ($m) -317.3 v 38.8
  • Net profit ($m) -233.5 v 22.1
  • No interim dividend 

Virus-battered travel giant Flight Centre says it is aiming to break even some time this year – if domestic borders open permanently and some low-risk international corridors are unlocked.

“Assuming the vaccinations work, it should be a silver bullet,” chief executive Graham “Skroo” Turner said on Thursday. “There’s still some issues, of course, with [COVID-19] variants and that.”

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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/flight-centre-pins-black-ink-target-on-open-borders-20210222-p574rw