Flight Centre brings in the big bucks

first_imgThe persistently high Australian dollar has continued Australia’s love affair with international travel – Flight Centre generated almost 80 per cent of its total transaction value from overseas to travel to the US and UK.  The bumper profit, which is an increase of 20 per cent over the first half will be a boon for shareholders, the Sydney Morning Herald reported. Flight Centre has posted a record AUD $111 million profit in its half-yearly results. Flight Centre shareholders are expected to receive a 55 cent a share dividend, a boost from 46 per cent per share in the first half of the financial year. ”While we are making sound progress and first-half trading results are promising, it is too early to amend full year guidance.center_img ”The second-half is historically Flight Centre’s busiest period.” ”The company sees growth opportunities in all markets,” Flight Centre managing director Graham Turner said. Source = ETB News: T.N.last_img

Leave a Reply

Your email address will not be published. Required fields are marked *