Why it matters: the tourism industry suffered considerably during the pandemic
Flight Centre says higher prices are not impacting bookings; profits are rising
It will pay an 18¢ fully franked dividend for the first time since COVID-19
Flight Centre expects a return to “more favourable dynamics for travellers” after reporting record performance in corporate travel, taking its total sales to their second-highest level ever.
The company reported a $485 million year-on-year turnaround in underlying earnings before interest, tax, depreciation and amortisation to $301.6 million, above the mid-point of already upgraded guidance.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
