Flight Centre Travel Group: Recovery gaining momentum in corporate sector and US

    Flight Centre Travel Group announced (26-Aug-2021) recovery is gaining momentum, particularly in the corporate sector and in the US. Key details include:

    • Month-on-month sales revenue growth despite lockdown and heavy restrictions, culminating in COVID-period record in Jun-2021;
    • Corporate TTV tracking at 40% of pre-coronavirus (PC) levels globally by year-end. Transaction volumes typically higher given heavier than normal domestic travel weighting;
    • Rapid leisure and corporate recovery in US late in 4Q2021. [more – original PR]
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