Flight Centre reinstates dividend as earnings and sales soar
Ayesha de KretserSenior reporter
Key Points
- 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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