Multinational contract wins boost for Flight Centre

Travel News 01 Sep 2015

Flight Centre has seen its profits rise by 13 per cent thanks to strong growth by its global corporate travel brands. 

The Australia-based company, which owns FCm Travel Solutions and Corporate Traveller, made a pre-tax profit of S$367.8 million for the year to June 30, as revenue rose by 6.8 per cent to S$2.4 billion.

Flight Centre said that its business travel brands increased their total transaction value (TTV) by 16.3 per cent to S$5.6 billion for the year. Corporate travel generates 33.6 per cent of Flight Centre’s total turnover.

Managing director Graham Turner said: "Our corporate businesses globally have started the year with strong momentum following record wins during 2014/15.

“We have been particularly successful in securing multinational accounts and these types of accounts now represent about 30 per cent of FCm's sales globally."

Flight Centre said it had also “achieved strong customer retention” within the corporate market, as well as winning the “two largest accounts secured by the UK business to date”.