Flight Centre sees record UK profit
The UK arm saw its EBIT increase 53% to AU$24.4 million (GB£16m) and its total transaction value was up 8% to GB£788m. The result was a positive one for the group, which is aiming to reaching GB£1bn in total transaction value by the end of 2014.
A number of initiatives have contributed towards the rise including its expanded BDM network at FCm; extended opening hours; its new joint venture with Intrepid and its London hyperstore. The latter has been so successful others will open in Manhattan and Perth.
“One of Flight Centre’s strengths in the UK market is that it’s heavily diversified. We have seen strong results in both our corporate and retail businesses,” said Chris Galanty, managing director at Flight Centre Group UK. “In uncertain times our business model has proved robust and successful – we have been able to grow organically and continue to recruit across all brands.”