Flight Centre boss Graham Turner says despite a ‘turbulent' 2025 financial year, the travel agency group is ideally placed to deliver rapid growth in coming years.
Flight Centre Travel Group's statutory net profit during the first six months of the 2025 financial year dipped from $86.7 million to $59.6 million, despite posting a flat revenue of $1.3 billion.
The federal government's $1.2 billion tourism package has faced widespread criticism with WA's leading industry body slamming the effort as pork barrelling for marginal electorates.
Flight Centre is closing 90 of its travel agencies across the world, having already cut about 4,000 jobs this year due to the pandemic ravaging the travel industry.
Virus-ravaged travel firm Flight Centre says an initial 6,000 of its sales and support staff globally will either be stood down or made redundant in the company's latest bid to preserve a future.
Virgin Australia is likely to cut more domestic flights and regional airline Rex will only operate passenger services in Queensland as a virus-spooked nation bunkers down amid new travel and tradin
Virgin Australia has cut more flights, reduced executives' fees, and will seek relief from government charges as it joins rivals in attempting to soften the impact of the COVID-19 spread.
The travel industry is reeling from a decision by the US government to ban all travel from Europe for a month, while the Australian government has decided against a similar move after consideration. Shares in ASX-listed travel companies were smashed today in response to the clamp down and as travel dries up globally.
The Australian share market has suffered yet another day of carnage, plunging again after US President Donald Trump suspended travel from Europe for a month to limit the coronavirus pandemic.
Flight Centre has slashed its full-year profit guidance amid the worsening impact of the coronavirus outbreak on the travel sector and as its first-half profit plunged.
Flight Centre shares have dropped 12 per cent after Australia's biggest travel agency slashed its full-year profit guidance due to a weaker than expected performance in the local leisure market.
