BIG RED TURNS BIG BLACK

Flight Centre Canada Reports “Soaring Profits”

Flight Centre is reporting record transaction values in a highly successful first quarter of operations.

Company officials say Flight Centre had $6 billion in Total Transaction Value (TTV) in its first fiscal quarter for fiscal 2024; up more than $800 million CAD. That’s an increase of about 20% from the same period last year, and it represents Flight Centre’s second strongest start to a fiscal year ever.

“We've experienced unprecedented success in the first quarter (July-Sept 2023), of Fiscal Year ‘24 at the Flight Centre Travel Group, with an incredible increase in profits compared to the same period last year,” said Chris Lynes, Managing Director of Canada, Flight Centre Travel Group. “This growth is undeniable proof of our resilience, vision, and dominant position within the Canadian corporate travel sector, particularly among startups and mid-sized enterprises (SMEs).

It's not a surprise, Lynes said.

“Canada's vibrant and dynamic business ecosystem consistently ranks among the world's best markets for SMEs, a fact that has contributed to our soaring profits. And with new data from Morgan Stanley confirming the continued growth of the corporate travel sector, we have every reason to be confident in our future in Canada.”

Lynes said Toronto, Vancouver, and Calgary remain the top destinations for domestic corporate travellers, while international travel has seen an uptick in popularity for U.S. destinations like Las Vegas, Chicago, and New York City.

“Indeed, our nation’s business borders are growing ever wider. We're off to an impressive start this first quarter of FY24, and the outlook for the remainder of the financial year is even more promising.”

You may also like
Kensington Tours Highlights Pop Culture-Inspired U.K. Itineraries
While it has always been a perennial favourite destination for travellers, interest in travel to the United Kingdom this year is ...
MSC name the orphan moose
HAL Invites Naming of Orphan Moose with Alaska Wildlife Conservation
Holland America Line invites fans to name an orphan rescue moose calf in partnership with the Alaska Wildlife Conservation Center (AWCC). ...
Mediterranean tours, Collette
Collette June Deal: Up to $600 Off Med Tours
Collette is offering savings of up to CAD $600 on select departures with “Hot Deals.” This month is the perfect time ...
Virtuoso Predicts Cruising to Surpass Land Vacations in 2024/2025
Virtuoso's survey is awash with insights into cruising trends such as a surge in first time cruisers who rely on advisors, ...
Florida State of Emergency, Heavy Rains Cause Mass Flight Cancellations
Heavy rains and flooding forced more than 450 flight cancellations at MIA and FLL on 12JUN. Flight Aware shows 28 inbound ...

Talk Back! Post a comment: