Flight Centre upgrades guidance as corporate earnings outpace leisure
Ayesha de KretserSenior reporter
Key Points
- High airfares meant total transaction volumes swelled to a record $11 billion.
- There was no sign of the economic downturn hurting the performance of leisure.
Flight Centre exceeded its profit guidance, thanks to corporate travel earnings at a record level, even though the market for business travellers is still in recovery mode.
Flight Centre joined Alliance Air Services and Ardent Leisure in upgrading its outlook, declaring full-year earnings before interest, tax, depreciation and amortisation in financial year 2023 were between $295 million and $305 million, up from guidance issued at its half-year results for between $270 million and $290 million.
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