Flight Centre Travel Group Limited ( (FGETF) ) has released its Q2 earnings. Here is a breakdown of the information Flight Centre Travel Group Limited presented to its investors.
Flight Centre Travel Group Limited (FLT) is a global travel agency operating in both the leisure and corporate travel sectors, known for its extensive network of retail outlets and online presence. In its latest earnings report for the half-year ending December 2024, FLT reported a modest increase in total transaction value (TTV) to $11.7 billion, reflecting a 3.2% growth compared to the previous year. However, the company’s statutory profit before tax decreased by 26.6% to $88.2 million, primarily due to lower gains from the buy-back and remeasurement of convertible notes compared to the previous year. Despite these challenges, FLT achieved a 7% year-on-year growth in underlying profit before tax, driven by strategic investments in artificial intelligence and productivity initiatives aimed at sustainable profit growth post-COVID. The corporate segment showed resilience with a 4% increase in underlying profit before tax, while the leisure segment focused on expanding its presence in the luxury travel and cruise sectors. Looking ahead, FLT is targeting an underlying profit before tax between $365 million and $405 million for the full fiscal year 2025, with expectations of stronger performance in the second half due to seasonal factors and strategic initiatives.