Flight Centre MD: Corporate TTV 'comfortably surpassing' broader sector recovery

Flight Centre Travel Group MD Graham Turner stated (30-Aug-2023) sales "more than doubled" group wide in FY2023, as both leisure and corporate divisions delivered over AUD10 billion (USD6.5 billion) in annual total transaction value (TTV) for the first time. Mr Turner said corporate TTV reached AUD11 billion (USD7.1 billion), "comfortably surpassing" the previous record and broader sector recovery. He said: "Our transformed leisure business is also on a steep TTV recovery trajectory, with several businesses, including online and the independent agency network, delivering record sales". Mr Turner added: "Looking ahead to FY2024, we are well placed to capitalise on opportunities that will arise as industry recovery continues". He noted: "Already, we have seen further solid TTV and profit growth in early trading in a resilient travel market that seems to be holding up reasonably well compared to other sectors". [more - original PR]