October rebound puts Flight Centre on track

October rebound puts Flight Centre on track
By admin


Sales have rebounded in October after weaker than expected trading in September, Flight Centre has said.

The update came as the retailer said overall sales in the first four months of the financial year are on track to achieve its profit growth target of between 5% to 8%.

If the trend continues, managing director Graham Turner said pre tax profits will hit between $305m and $315m, compared to $290.4m last year.

“While it is still early days in 2012/13, first quarter trading results and October projections indicate that we are currently trading in line with the full year target,” he told shareholders at its annual general meeting this morning. ”Overall results were reasonable in July and August, but below our expectations in September. Early indications suggest that we have regained some momentum in October.”

He said corporate travel continues to grow at a faster pace than leisure.

But economic uncertainty is still having an impact, Turner added, although cheap international airfares were stimulating outbound travel from Australia.

Its UK and US businesses were also on track for further growth following record contributions in 2011/12.

Latest News

  • Aviation

Scoot announces discounted flights to a range of destinations

Scoot has announced its latest sale to help travellers plan the perfect getaway to some of the most sought-after destinations to end 2024 and kickstart the new year. Travellers can take advantage of discounted flights to a range of destinations, including; Athens, Osaka, Langkaw, Vientiane, and Hong Kong, plus more departing from Sydney, Melbourne, and […]

  • Cruise
  • Cruise Lines

Celestyal Journey celebrates its first anniversary

Celestyal Journey has notched up one year with Celestyal, travelling 66,100 nautical miles in its first year, mostly around the Greek Islands. The 55,877-tonne ship joined the Celestyal fleet following a multi-million-dollar refurbishment made her maiden voyage for the Greek cruise line on 2 September 2023, a seven-night Idyllic Aegean cruise to Thessaloniki, Kusadasi, Heraklion […]

  • Aviation

Etihad Airways announces new direct flights to Warsaw and Prague

Etihad Airways has announced new direct flights from Abu Dhabi to Warsaw, Poland and Prague, Czechia with four weekly flights to both destinations beginning 2 June 2025. The new routes are part of the airline’s growth strategy to diversify its European network and provide business and leisure travellers with convenient access to the vibrant European […]